Colombia: Animal Feed Market 2024

Animal Feed Market Size in Colombia

In 2022, the Colombian animal feed market decreased by less than X% to $X, falling for the second year in a row after four years of growth. Overall, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Animal Feed Production in Colombia

In value terms, animal feed production stood at $X in 2022 estimated in export price. Over the period under review, the total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; afterwards, it flattened through to 2022.

Animal Feed Exports

Exports from Colombia

For the third year in a row, Colombia recorded growth in shipments abroad of animal and pet feed, which increased by X% to X tons in 2022. In general, exports showed a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, animal feed exports surged to $X in 2022. Over the period under review, exports saw prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Ecuador (X tons) was the main destination for animal feed exports from Colombia, accounting for a X% share of total exports. Moreover, animal feed exports to Ecuador exceeded the volume sent to the second major destination, Peru (X tons), twofold. Venezuela (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Ecuador totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (X% per year) and Venezuela (X% per year).

In value terms, Ecuador ($X), Venezuela ($X) and Peru ($X) were the largest markets for animal feed exported from Colombia worldwide, with a combined X% share of total exports. Guatemala, Panama, the Dominican Republic, the United States, Costa Rica, Bolivia, Trinidad and Tobago, Indonesia and Chile lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Trinidad and Tobago, with a CAGR of X%, recorded 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, with an increase of X% against the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, animal feed export price increased by X% against 2020 indices. The growth pace was the most rapid in 2013 an increase of X%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Indonesia ($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 Venezuela (X%), while the prices for the other major destinations experienced more modest paces of growth.

Animal Feed Imports

Imports into Colombia

In 2022, approx. X tons of animal and pet feed were imported into Colombia; declining by X% compared with 2021 figures. Overall, imports, however, posted a temperate expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2021, and then contracted rapidly in the following year.

In value terms, animal feed imports soared to $X in 2022. In general, imports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

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

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

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

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

Import Prices by Country

The average animal feed import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained 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 Brazil ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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