U.S.: Animal Food Market Overview 2020

Animal Food Market Size in the U.S.

The revenue of the animal food market in the U.S. amounted to $X in 2018, coming down by -X% against the previous year. Overall, animal food consumption continues to indicate a moderate decrease. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. Over the period under review, the animal food market attained its peak figure level at $X in 2013; however, from 2014 to 2018, consumption stood at a somewhat lower figure.

Animal Food Production in the U.S.

In value terms, animal food production stood at $X in 2018. Overall, animal food production continues to indicate a measured reduction. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. Animal food production peaked at $X in 2013; however, from 2014 to 2018, production failed to regain its momentum.

Animal Food Exports

Exports from the U.S.

In 2018, approx. X tonnes of animal food (except dog and cat) were exported from the U.S.; dropping by -X% against the previous year. The total export volume increased at an average annual rate of +X% from 2013 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2017, and then declined slightly in the following year.

In value terms, animal food exports totaled $X in 2018. Over the period under review, animal food exports, however, continue to indicate a measured setback. The most prominent rate of growth was recorded in 2016 when exports increased by X% y-o-y. Over the period under review, animal food exports reached their maximum at $X in 2014; however, from 2015 to 2018, exports failed to regain their momentum.

Exports by Country

South Korea (X tonnes), China (X tonnes) and Japan (X tonnes) were the main destinations of animal food exports from the U.S., with a combined X% share of total exports. Indonesia, Trinidad and Tobago, Belgium, Viet Nam, the Philippines, Mexico, Colombia, Saudi Arabia and Taiwan, Chinese lagged somewhat behind, together comprising a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Belgium (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and South Korea ($X) appeared to be the largest markets for animal food exported from the U.S. worldwide, with a combined X% share of total exports. Belgium, Indonesia, the Philippines, Mexico, Viet Nam, Taiwan, Chinese, Trinidad and Tobago, Saudi Arabia and Colombia lagged somewhat behind, together comprising a further X the main countries of destination, Belgium recorded the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average animal food export price stood at $X per tonne in 2018, dropping by -X% against the previous year. In general, the animal food export price continues to indicate a significant drop. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. In that year, the average export prices for animal food (except dog and cat) attained their peak level of $X per tonne. From 2015 to 2018, the growth in terms of the average export prices for animal food (except dog and cat) remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Taiwan, Chinese ($X per tonne), while the average price for exports to South Korea ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan, Chinese, while the prices for the other major destinations experienced mixed trend patterns.

Animal Food Imports

Imports into the U.S.

Animal food imports into the U.S. amounted to X tonnes in 2018, increasing by X% against the previous year. The total import volume increased at an average annual rate of +X% from 2013 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being observed over the period under review. The pace of growth was the most pronounced in 2015 with an increase of X% year-to-year. Imports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, animal food imports amounted to $X in 2018. The total import value increased at an average annual rate of +X% over the period from 2013 to 2018; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, animal food imports reached their peak figure in 2018 and are likely to continue its growth in the immediate term.

Imports by Country

In 2018, Canada (X tonnes) constituted the largest supplier of animal food to the U.S., accounting for a X% share of total imports. Moreover, animal food imports from Canada exceeded the figures recorded by the second-largest supplier, Malaysia (X tonnes), threefold. The third position in this ranking was occupied by China (X tonnes), with a X% share.

From 2007 to 2018, the average annual growth rate of volume from Canada totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+X% per year) and China (-X% per year).

In value terms, Canada ($X) constituted the largest supplier of animal food to the U.S., comprising X% of total animal food imports. The second position in the ranking was occupied by France ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value from Canada totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and China (-X% per year).

Import Prices by Country

The average animal food import price stood at $X per tonne in 2018, shrinking by -X% against the previous year. Overall, the animal food import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2014; however, from 2015 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was France ($X per tonne), while the price for South Korea ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Mexico, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform