Argentina: Animal Feed Market 2024

Animal Feed Market Size in Argentina

The Argentinian animal feed market reached $X in 2022, picking up by X% against the previous year. Over the period under review, consumption, however, showed a strong increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Animal Feed Production in Argentina

In value terms, animal feed production rose slightly to $X in 2022 estimated in export price. In general, production, however, saw a strong increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Animal Feed Exports

Exports from Argentina

In 2022, overseas shipments of animal and pet feed increased by X% to X tons, rising for the second consecutive year after five years of decline. Overall, exports, however, showed a precipitous decline. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, animal feed exports surged to $X in 2022. Over the period under review, exports, however, faced a abrupt decline. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Chile (X tons) was the main destination for animal feed exports from Argentina, with a X% share of total exports. Moreover, animal feed exports to Chile exceeded the volume sent to the second major destination, Uruguay (X tons), threefold. The third position in this ranking was taken by Bolivia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Chile stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (X% per year) and Bolivia (X% per year).

In value terms, the largest markets for animal feed exported from Argentina were Chile ($X), Brazil ($X) and Uruguay ($X), together comprising X% of total exports. Bolivia, Ecuador, Paraguay and Vietnam lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Ecuador, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average animal feed export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price recorded buoyant growth. The growth pace was the most rapid in 2019 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (X%), while the prices for the other major destinations experienced more modest paces of growth.

Animal Feed Imports

Imports into Argentina

In 2022, overseas purchases of animal and pet feed decreased by X% to X tons, falling for the second year in a row after four years of growth. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, animal feed imports soared to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of animal feed to Argentina, accounting for a X% share of total imports. Moreover, animal feed imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was held by Chile (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Chile (X% per year).

In value terms, Brazil ($X) constituted the largest supplier of animal and pet feed to Argentina, comprising X% of total imports. The second position in the ranking was held by China ($X), with an X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Brazil stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average animal feed import price amounted to $X per ton, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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