EU: Animal Feed Market 2023

Animal Feed Market Size in the EU

In 2022, the EU animal feed market increased by 37% to $X for the first time since 2018, thus ending a three-year declining trend. The market value increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Animal Feed Production in the EU

In value terms, animal feed production skyrocketed to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Animal Feed Exports

Exports in the EU

In 2022, the amount of animal and pet feed exported in the European Union totaled X tons, approximately mirroring the year before. The total export volume increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 4.5%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, animal feed exports stood at $X in 2022. Total exports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.5% against 2015 indices. The pace of growth was the most pronounced in 2021 when exports increased by 17% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, the Netherlands (X tons), distantly followed by Germany (X tons), Belgium (X tons) and France (X tons) were the key exporters of animal and pet feed, together committing 70% of total exports. The following exporters - Spain (X tons), Italy (X tons), Austria (X tons), Hungary (X tons), Denmark (X tons), Ireland (X tons), Poland (X tons), the Czech Republic (X tons) and Lithuania (X tons) - together made up 25% of total exports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +16.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest animal feed supplying countries in the European Union were the Netherlands ($X), Germany ($X) and Belgium ($X), with a combined 56% share of total exports. France, Spain, Italy, Denmark, Austria, Poland, Hungary, Ireland, the Czech Republic and Lithuania lagged somewhat behind, together comprising a further 38%.

Among the main exporting countries, Italy, with a CAGR of +17.9%, saw the highest rates of growth with regard to 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

In 2022, the export price in the European Union amounted to $X per ton, increasing by 3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2021 an increase of 15% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.1%), while the other leaders experienced more modest paces of growth.

Animal Feed Imports

Imports in the EU

In 2022, after two years of growth, there was decline in purchases abroad of animal and pet feed, when their volume decreased by -2.2% to X tons. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 5.3% against the previous year. The volume of import peaked at X tons in 2021, and then shrank slightly in the following year.

In value terms, animal feed imports amounted to $X in 2022. The total import value increased at an average annual rate of +3.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 16% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

The purchases of the three major importers of animal and pet feed, namely the Netherlands, Belgium and Germany, represented more than third of total import. France (X tons) ranks next in terms of the total imports with an 8.5% share, followed by Ireland (7.6%). Poland (X tons), Spain (X tons), Italy (X tons), Denmark (X tons), Romania (X tons), Portugal (X tons), Hungary (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Hungary (with a CAGR of +7.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Belgium ($X) were the countries with the highest levels of imports in 2022, together comprising 39% of total imports. France, Italy, Poland, Spain, Denmark, Ireland, the Czech Republic, Hungary, Portugal and Romania lagged somewhat behind, together comprising a further 46%.

Hungary, with a CAGR of +8.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, surging by 3.4% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2018 an increase of 13%. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Italy ($X per ton), while Ireland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+8.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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