U.S. - Preparations Used In Animal Feeding - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Preparations for Animal Feeding in the United States - 2023
Contents:
- Price for Preparations for Animal Feeding in the United States (FOB) - 2023
- Price for Preparations for Animal Feeding in the United States (CIF) - 2023
- Exports of Preparations for Animal Feeding in the United States
- Imports of Preparations for Animal Feeding in the United States
Price for Preparations for Animal Feeding in the United States (FOB) - 2023
In July 2023, the average preparations for animal feeding export price amounted to $1,654 per ton, shrinking by -35.2% against the previous month. Over the period under review, the export price saw a mild contraction. The growth pace was the most rapid in May 2023 an increase of 11% month-to-month. Over the period under review, the average export prices reached the maximum at $2,554 per ton in June 2023, and then plummeted in the following month.
There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was Japan ($8,122 per ton), while the average price for exports to Brazil ($220 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 Japan (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Preparations for Animal Feeding in the United States (CIF) - 2023
The average preparations for animal feeding import price stood at $3,051 per ton in July 2023, with a decrease of -2% against the previous month. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in May 2023 when the average import price increased by 7.9% month-to-month. The import price peaked at $3,196 per ton in July 2022; however, from August 2022 to July 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Germany ($6,688 per ton), while the price for Malaysia ($889 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 the Netherlands (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Preparations for Animal Feeding in the United States
In 2022, shipments abroad of preparations used in animal feeding decreased by -7.1% to 2.2M tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, showed a slight expansion. The most prominent rate of growth was recorded in 2020 with an increase of 7.3% against the previous year.
In value terms, preparations for animal feeding exports skyrocketed to $4.4B in 2022. The total export value increased at an average annual rate of +11.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Preparations for Animal Feeding in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 966 | 1,065 | 1,258 | 1,447 | 14.4% |
| China | 116 | 172 | 276 | 494 | 62.1% |
| Mexico | 313 | 362 | 321 | 376 | 6.3% |
| Japan | 194 | 180 | 188 | 199 | 0.9% |
| South Korea | 146 | 170 | 169 | 177 | 6.6% |
| Australia | 109 | 107 | 116 | 156 | 12.7% |
| Philippines | 82.2 | 82.1 | 93.1 | 99.1 | 6.4% |
| Colombia | 62.3 | 59.9 | 85.9 | 81.0 | 9.1% |
| Thailand | 75.9 | 85.4 | 99.7 | 81.0 | 2.2% |
| Vietnam | 38.1 | 44.8 | 58.5 | 68.8 | 21.8% |
| Trinidad and Tobago | 34.5 | 23.1 | 39.4 | 52.2 | 14.8% |
| Indonesia | 79.2 | 63.6 | 83.6 | 48.0 | -15.4% |
| Saudi Arabia | 36.1 | 33.9 | 27.2 | 43.1 | 6.1% |
| Others | 910 | 904 | 987 | 1,075 | 5.7% |
| Total | 3,163 | 3,353 | 3,803 | 4,397 | 11.6% |
Top Export Markets for Preparations for Animal Feeding from the United States in 2022:
- Canada (599.4K tons)
- South Korea (239.3K tons)
- China (228.1K tons)
- Mexico (194.6K tons)
- Philippines (84.4K tons)
- Japan (83.7K tons)
- Trinidad and Tobago (79.5K tons)
- Vietnam (62.5K tons)
- Australia (45.6K tons)
- Indonesia (40.1K tons)
- Colombia (38.6K tons)
- Saudi Arabia (36.9K tons)
- Thailand (32.9K tons)
Imports of Preparations for Animal Feeding in the United States
For the fourth year in a row, the United States recorded growth in overseas purchases of preparations used in animal feeding, which increased by 5.1% to 985K tons in 2022. The total import volume increased at an average annual rate of +11.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 24% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.
In value terms, preparations for animal feeding imports soared to $3B in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.1% 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 +77.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 29%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.
| Import of Preparations for Animal Feeding in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 360 | 409 | 537 | 829 | 32.1% |
| Canada | 428 | 456 | 510 | 574 | 10.3% |
| China | 218 | 255 | 312 | 319 | 13.5% |
| France | 86.6 | 114 | 142 | 137 | 16.5% |
| Germany | 60.9 | 69.6 | 85.7 | 114 | 23.2% |
| Malaysia | 67.5 | 71.1 | 99.1 | 107 | 16.6% |
| Indonesia | 17.6 | 17.4 | 51.7 | 97.4 | 76.9% |
| Mexico | 26.3 | 32.5 | 48.4 | 80.5 | 45.2% |
| Italy | 29.1 | 26.2 | 34.4 | 49.2 | 19.1% |
| Spain | 4.7 | 7.5 | 25.5 | 48.1 | 117.1% |
| Netherlands | 32.9 | 28.3 | 39.0 | 44.7 | 10.8% |
| India | 29.6 | 28.6 | 36.8 | 29.7 | 0.1% |
| Ecuador | 9.5 | 8.5 | 9.0 | 12.4 | 9.3% |
| Others | 305 | 321 | 441 | 534 | 20.5% |
| Total | 1,676 | 1,845 | 2,372 | 2,976 | 21.1% |
Top Suppliers of Preparations for Animal Feeding to the United States in 2022:
- Canada (244.9K tons)
- Thailand (158.5K tons)
- Indonesia (104.1K tons)
- Malaysia (82.3K tons)
- China (63.9K tons)
- Spain (44.8K tons)
- Italy (44.0K tons)
- Netherlands (30.1K tons)
- Germany (29.0K tons)
- Mexico (28.2K tons)
- Ecuador (26.1K tons)
- France (19.9K tons)
- India (14.4K tons)
This report provides an in-depth analysis of the market for preparations for animal feeding 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.)
- Prodcom 10921030 - Dog or cat food, 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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