MENA: Market for Preparations Used In Animal Feeding 2024

Market Size for Preparations Used In Animal Feeding in MENA

In 2022, the MENA's preparations for animal feeding market was finally on the rise to reach $X after two years of decline. The total consumption indicated a notable 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 2019 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Preparations Used In Animal Feeding in MENA

In value terms, preparations for animal feeding production fell to $X in 2022 estimated in export price. Over the period under review, production enjoyed strong growth. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Preparations Used In Animal Feeding

Exports in MENA

For the third year in a row, MENA recorded growth in overseas shipments of preparations used in animal feeding, which increased by X% to X tons in 2022. In general, exports continue to indicate resilient growth. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, preparations for animal feeding exports soared to $X in 2022. Overall, exports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2013 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Turkey prevails in exports structure, reaching X tons, which was approx. X% of total exports in 2022. It was distantly followed by Saudi Arabia (X tons), creating an X% share of total exports. The following exporters - Jordan (X tons), Egypt (X tons), the United Arab Emirates (X tons) and Iran (X tons) - together made up X% of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, Iran (X%), Saudi Arabia (X%) and Egypt (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. The United Arab Emirates experienced a relatively flat trend pattern. By contrast, Jordan (X%) illustrated a downward trend over the same period. Turkey (X p.p.) and Saudi Arabia (X p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates and Jordan saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest preparations for animal feeding supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports. It was followed by Jordan, with a X% share.

In Turkey, preparations for animal feeding exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and Jordan (X% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, standing approx. at the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2020 when the export price increased by X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Jordan ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

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

Imports of Preparations Used In Animal Feeding

Imports in MENA

In 2022, imports of preparations used in animal feeding in MENA reached X tons, picking up by X% on the previous year's figure. Total imports indicated prominent growth from 2012 to 2022: its volume 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, imports increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, preparations for animal feeding imports rose sharply to $X in 2022. In general, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

The purchases of the four major importers of preparations used in animal feeding, namely Iraq, Palestine, Turkey and Syrian Arab Republic, represented more than half of total import. The United Arab Emirates (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Saudi Arabia (X%) and Israel (X%). Yemen (X tons), Tunisia (X tons), Morocco (X tons), Egypt (X tons), Algeria (X tons) and Oman (X tons) held a minor share of total imports.

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

In value terms, the largest preparations for animal feeding importing markets in MENA were Palestine ($X), Turkey ($X) and Iraq ($X), together comprising X% of total imports. Israel, Saudi Arabia, the United Arab Emirates, Algeria, Egypt, Morocco, Syrian Arab Republic, Yemen, Tunisia and Oman lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Syrian Arab Republic, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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 MENA 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%. The pace of growth was the most pronounced in 2020 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

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