U.S. - Animal And Pet Feed - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAnimal Feed Price in the United States - 2023
Contents:
- Animal Feed Price in the United States (FOB) - 2023
- Animal Feed Price in the United States (CIF) - 2023
- Animal Feed Exports in the United States
- Animal Feed Imports in the United States
Animal Feed Price in the United States (FOB) - 2023
In September 2023, the average animal feed export price amounted to $1,759 per ton, picking up by 8.7% against the previous month. Over the period under review, export price indicated a modest increase from September 2022 to September 2023: its price increased at an average monthly rate of +1.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, animal feed export price increased by +54.2% against July 2023 indices. The pace of growth appeared the most rapid in August 2023 when the average export price increased by 42% month-to-month. The export price peaked at $2,348 per ton in June 2023; however, from July 2023 to September 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was Thailand ($3,154 per ton), while the average price for exports to South Korea ($455 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.
Animal Feed Price in the United States (CIF) - 2023
In September 2023, the average animal feed import price amounted to $1,574 per ton, with a decrease of -5.2% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 17% month-to-month. Over the period under review, average import prices reached the peak figure at $2,031 per ton in May 2023; however, from June 2023 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($4,261 per ton), while the price for Malaysia ($882 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Animal Feed Exports in the United States
In 2022, overseas shipments of animal and pet feed decreased by -12.5% to 1.3M tons, falling for the second consecutive year after two years of growth. In general, exports recorded a pronounced contraction. The growth pace was the most rapid in 2020 with an increase of 6.6% against the previous year. As a result, the exports attained the peak of 1.5M tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, animal feed exports rose remarkably to $1.9B in 2022. The total export value increased at an average annual rate of +7.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Animal Feed in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 208 | 218 | 264 | 303 | 13.4% |
| China | 104 | 140 | 203 | 229 | 30.1% |
| Mexico | 209 | 260 | 156 | 197 | -2.0% |
| South Korea | 99.7 | 122 | 114 | 116 | 5.2% |
| Thailand | 62.5 | 71.7 | 88.5 | 69.9 | 3.8% |
| Vietnam | 36.6 | 44.5 | 57.9 | 68.0 | 22.9% |
| Japan | 61.6 | 60.5 | 68.9 | 63.7 | 1.1% |
| Philippines | 47.5 | 44.8 | 41.7 | 46.4 | -0.8% |
| Indonesia | 71.7 | 60.3 | 79.6 | 43.9 | -15.1% |
| Saudi Arabia | 34.4 | 32.2 | 24.8 | 40.2 | 5.3% |
| Trinidad and Tobago | 24.5 | 13.8 | 29.5 | 38.7 | 16.5% |
| Taiwan (Chinese) | 35.6 | 37.2 | 35.6 | 35.9 | 0.3% |
| Colombia | 29.8 | 26.5 | 32.4 | 25.7 | -4.8% |
| Others | 506 | 499 | 528 | 613 | 6.6% |
| Total | 1,532 | 1,629 | 1,725 | 1,890 | 7.3% |
Top Export Markets for Animal Feed from the United States in 2022:
- South Korea (217.3K tons)
- Canada (166.9K tons)
- China (165.2K tons)
- Mexico (116.3K tons)
- Trinidad and Tobago (68.9K tons)
- Vietnam (61.5K tons)
- Philippines (50.0K tons)
- Indonesia (38.3K tons)
- Colombia (37.5K tons)
- Saudi Arabia (34.9K tons)
- Japan (30.7K tons)
- Thailand (28.9K tons)
- Taiwan (Chinese) (21.2K tons)
Animal Feed Imports in the United States
In 2022, supplies from abroad of animal and pet feed decreased by -3.1% to 602K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +12.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 38%. As a result, imports attained the peak of 621K tons, and then contracted in the following year.
In value terms, animal feed imports expanded sharply to $984M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +14.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 40% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.
| Import of Animal Feed in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 181 | 165 | 179 | 201 | 3.6% |
| France | 78.4 | 109 | 132 | 114 | 13.3% |
| China | 54.8 | 64.3 | 126 | 110 | 26.1% |
| Malaysia | 67.4 | 71.0 | 98.7 | 107 | 16.7% |
| Indonesia | 17.6 | 17.4 | 51.4 | 97.4 | 76.9% |
| Germany | 53.2 | 53.3 | 63.7 | 75.9 | 12.6% |
| Spain | 3.4 | 5.8 | 23.5 | 45.8 | 137.9% |
| Mexico | 10.1 | 15.8 | 21.9 | 27.1 | 39.0% |
| India | 27.5 | 27.5 | 34.4 | 26.9 | -0.7% |
| Belgium | 18.8 | 13.8 | 23.7 | 23.6 | 7.9% |
| Italy | 10.6 | 9.0 | 9.9 | 20.4 | 24.4% |
| Ecuador | 5.8 | 8.5 | 8.6 | 6.1 | 1.7% |
| Ireland | 5.5 | 5.4 | 5.5 | 6.0 | 2.9% |
| Others | 119 | 94.2 | 149 | 122 | 0.8% |
| Total | 653 | 660 | 927 | 984 | 14.6% |
Top Suppliers of Animal Feed to the United States in 2022:
- Canada (145.4K tons)
- Indonesia (108.0K tons)
- Malaysia (85.3K tons)
- Spain (45.3K tons)
- Italy (35.3K tons)
- China (33.6K tons)
- Ecuador (25.6K tons)
- Germany (23.5K tons)
- Mexico (18.2K tons)
- India (14.6K tons)
- France (13.4K tons)
- Belgium (10.1K tons)
- Ireland (9.2K tons)
This report provides an in-depth analysis of the animal feed market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10911010 - Premixtures for farm animal feeds
- Prodcom 10911033 - Preparations used for farm animal feeding (excluding premixtures): pigs
- Prodcom 10911035 - Preparations used for farm animal feeding (excluding premixtures): cattle
- Prodcom 10911037 - Preparations used for farm animal feeding (excluding premixtures): poultry
- Prodcom 10921060 - Preparations used for feeding pets (excluding preparations for cats or dogs, p.r.s.)
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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