Scandinavia: Animal Feed Market 2024

Animal Feed Market Size in Scandinavia

In 2022, the Scandinavia animal feed market increased by X% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2022.

Animal Feed Production in Scandinavia

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

Animal Feed Exports

Exports in Scandinavia

In 2022, approx. X tons of animal and pet feed were exported in Scandinavia; growing by X% against the year before. In general, exports posted a resilient increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, animal feed exports soared to $X in 2022. Overall, exports recorded prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Norway represented the largest exporting country with an export of about X tons, which resulted at X% of total exports. Sweden (X tons) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Finland (X%).

Norway was also the fastest-growing in terms of the animal and pet feed exports, with a CAGR of X% from 2012 to 2022. At the same time, Finland (X%) displayed positive paces of growth. Sweden experienced a relatively flat trend pattern. Norway (X p.p.) significantly strengthened its position in terms of the total exports, while Sweden saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Norway ($X) remains the largest animal feed supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was taken by Finland ($X), with a X% share of total exports.

In Norway, animal feed exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Finland (X% per year) and Sweden (X% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, rising by X% against the previous year. Export price indicated a strong increase 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 most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. 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 Norway ($X per ton), while Sweden ($X per ton) was amongst the lowest.

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

Animal Feed Imports

Imports in Scandinavia

For the third consecutive year, Scandinavia recorded growth in purchases abroad of animal and pet feed, which increased by X% to X tons in 2022. Overall, imports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, animal feed imports surged to $X in 2022. Over the period under review, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

Norway represented the main importer of animal and pet feed in Scandinavia, with the volume of imports recording X tons, which was near X% of total imports in 2022. Sweden (X tons) ranks second in terms of the total imports with a X% share, followed by Finland (X%).

Norway was also the fastest-growing in terms of the animal and pet feed imports, with a CAGR of X% from 2012 to 2022. At the same time, Finland (X%) displayed positive paces of growth. Sweden experienced a relatively flat trend pattern. From 2012 to 2022, the share of Norway increased by X percentage points.

In value terms, Norway ($X) constitutes the largest market for imported animal and pet feed in Scandinavia, comprising X% of total imports. The second position in the ranking was taken by Sweden ($X), with a X% share of total imports.

In Norway, animal feed imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Sweden (X% per year) and Finland (X% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, approximately reflecting the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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