Report Update: May 1, 2024

Thailand - Preparations Used In Animal Feeding - Market Analysis, Forecast, Size, Trends and Insights

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Price for Preparations for Animal Feeding in Thailand - 2023

Price for Preparations for Animal Feeding in Thailand (FOB) - 2023

The average preparations for animal feeding export price stood at $2,452 per ton in July 2023, increasing by 5.4% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 18% against the previous month. Over the period under review, the average export prices attained the peak figure at $2,520 per ton in August 2022; afterwards, it flattened through to July 2023.

There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was the United States ($5,552 per ton), while the average price for exports to Lao People's Democratic Republic ($512 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Preparations for Animal Feeding in Thailand (CIF) - 2023

The average preparations for animal feeding import price stood at $1,559 per ton in July 2023, shrinking by -8.6% against the previous month. In general, the import price showed a mild slump. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 6.7% against the previous month. Over the period under review, average import prices reached the peak figure at $1,866 per ton in August 2022; however, from September 2022 to July 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was France ($3,298 per ton), while the price for Norway ($722 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Spain (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Preparations for Animal Feeding in Thailand

For the fourth year in a row, Thailand recorded growth in shipments abroad of preparations used in animal feeding, which increased by 10% to 1.1M tons in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +14.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.7% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 21%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, preparations for animal feeding exports surged to $2.8B in 2022. In general, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +18.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.5% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 22%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Export of Preparations for Animal Feeding in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	349	469	614	801	31.9%
Japan	282	305	319	314	3.6%
Malaysia	112	125	163	170	14.9%
Italy	118	133	136	165	11.8%
Australia	86.7	99.8	127	155	21.4%
Philippines	50.1	69.1	86.9	120	33.8%
India	52.2	66.3	96.4	99.3	23.9%
Vietnam	63.7	66.2	76.3	95.5	14.5%
Taiwan (Chinese)	56.1	63.9	70.1	91.3	17.6%
Indonesia	59.0	70.1	94.8	86.8	13.7%
China	52.8	58.9	59.6	67.2	8.4%
Lao People's Democratic Republic	42.0	48.0	68.5	65.3	15.8%
Cambodia	31.4	26.6	32.7	49.1	16.1%
Others	318	366	464	524	18.1%
Total	1,674	1,968	2,407	2,803	18.7%

Top Export Markets for Preparations for Animal Feeding from Thailand in 2022:

United States (157.9K tons)
Lao People's Democratic Republic (135.8K tons)
Japan (116.9K tons)
Malaysia (110.5K tons)
Philippines (89.3K tons)
Cambodia (69.8K tons)
Australia (53.3K tons)
Vietnam (52.6K tons)
India (49.4K tons)
Indonesia (48.9K tons)
Taiwan (Chinese) (37.9K tons)
Italy (33.9K tons)
China (14.8K tons)

Imports of Preparations for Animal Feeding in Thailand

In 2022, overseas purchases of preparations used in animal feeding decreased by -13.7% to 341K tons, falling for the second consecutive year after two years of growth. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +9.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -13.8% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 53%. As a result, imports reached the peak of 396K tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, preparations for animal feeding imports stood at $533M in 2022. The total import value increased at an average annual rate of +12.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 19% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Import of Preparations for Animal Feeding in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	46.5	62.9	94.4	138	43.7%
United States	99.3	119	125	100	0.2%
South Korea	21.1	40.3	49.3	53.5	36.4%
France	37.8	33.0	35.3	30.5	-6.9%
Netherlands	27.9	28.5	33.0	25.6	-2.8%
Singapore	17.9	20.1	23.3	22.5	7.9%
Vietnam	8.4	9.7	11.2	16.8	26.0%
Belgium	7.2	10.5	14.8	13.9	24.5%
Spain	9.9	13.0	11.8	11.0	3.6%
Finland	4.8	5.6	7.0	7.8	17.6%
Others	99.0	108	125	113	4.5%
Total	380	451	530	533	11.9%

Top Suppliers of Preparations for Animal Feeding to Thailand in 2022:

China (106.7K tons)
United States (82.6K tons)
South Korea (30.3K tons)
Vietnam (16.2K tons)
Netherlands (15.9K tons)
France (10.0K tons)
Spain (9.3K tons)
Singapore (8.1K tons)
Belgium (7.0K tons)
Finland (6.0K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for preparations for animal feeding in Thailand. 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.)
Prodcom 10921030 - Dog or cat food, p.r.s.

Country coverage:

Thailand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Thailand
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023