Ukrainian Sunflower Oilcake Suppliers Enjoy Surging Demand in China

November 29th, 2021 IndexBox Leave a comment

IndexBox has just published a new report: ‘China – Sunflower Oilcake – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

Over the last year, China increased its sunflower oilcake imports from 1.4M tonnes to 2.2M tonnes. In value terms, the imports skyrocketed by +51.3% y-o-y to $588M. Ukraine dominates Chinese sunflower oilcake imports, with a 97%-share of the total volume. The supplies from Ukraine gained $170M last year. The average sunflower oilcake import price in China fell by -3.5% y-o-y to $269 per tonne in 2020.

Chinese Sunflower Oilcake Imports by Country

In 2020, approx. 2.2M tonnes of sunflower oilcake were imported into China, picking up by +51% against 2019. In value terms, sunflower oilcake imports surged by +51.3% y-o-y to $588M (IndexBox estimates) in 2020.

In 2020, Ukraine (2.1M tonnes) was China’s main sunflower oilcake supplier, accounting for a 97% share of total imports. It was followed by Bulgaria (50K tonnes), with a 2.3% share of total imports.

In value terms, Ukraine ($571M) constituted the largest supplier of sunflower oilcake to China, comprising 97% of total imports. The second position in the ranking was occupied by Bulgaria ($13M), with a 2.2% share of total imports. In 2020, the average annual rate of growth in terms of value from Ukraine totalled +42.2%.

In 2020, the average sunflower oilcake import price amounted to $269 per tonne, reducing by -3.5% against the previous year. Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was Ukraine ($270 per tonne), while the price for Bulgaria amounted to $262 per tonne. In 2020, the most notable rate of growth in terms of prices was attained by Bulgaria.

Source: IndexBox Platform

Archives, Global Trade Daily, News

Germany’s Animal Feed Preparation Exports Hit Record Highs

November 18th, 2021 IndexBox Leave a comment

IndexBox has just published a new report: ‘Germany – Preparations Used In Animal Feeding – Market Analysis, Forecast, Size, Trends and Insights‘. Here is a summary of the report’s key findings.

Germany steadily expands exports of animal feed preparations. Over the past decade, the volume of exports increased from 2.4M tonnes to 3M tonnes while the export value doubled to $3.6B. The Netherlands, Poland and France remain the largest importers of animal feed preparations from Germany, accounting for 48% of the total export volume. The UK recorded the highest spike in purchases from Germany last year. The average export price for animal feed preparations rose by +11% y-o-y to $1,199 per tonne.

Germany’s Exports of Animal Feed Preparations

In 2020, the volume of preparations used in animal feeding exported from Germany rose modestly to 3M tonnes, increasing by +4.5% on 2019 figures. German exports boosted from 2.4M tonnes in 2010 to 3M tonnes last year.

In value terms, preparations for animal feeding exports skyrocketed by +15.7% y-o-y to $3.6B (IndexBox estimates) in 2020. In the past decade, the value of exports grew twofold.

The Netherlands (774K tonnes), Poland (442K tonnes) and France (229K tonnes) were the main destinations of preparations for animal feeding exports from Germany, with a combined 48% share of total exports. Denmark, Austria, Norway, the Czech Republic, Belgium, the UK, Italy, Luxembourg, Switzerland and Hungary lagged somewhat behind, together comprising a further 39%.

In value terms, Poland ($517M), the Netherlands ($397M) and Austria ($340M) were the largest markets for preparations for animal feeding exported from Germany worldwide, with a combined 34% share of total exports. France, the UK, Italy, Switzerland, Denmark, the Czech Republic, Belgium, Norway, Hungary and Luxembourg lagged somewhat behind, together accounting for a further 43%. Among the leading countries of destination, the UK saw the highest growth rate of the value of exports (+26% y-o-y), while shipments for the other leaders experienced more modest paces of growth.

In 2020, the average export price for animal feed preparations amounted to $1,199 per tonne, increasing by +11% against the previous year. There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Switzerland ($2,805 per tonne), while the average price for exports to the Netherlands ($513 per tonne) was amongst the lowest. In 2020, the most notable growth rate in terms of prices was recorded for supplies to Poland, while the prices for the other significant destinations experienced more modest paces of growth.

Source: IndexBox Platform

Archives, Global Trade Daily, News

The European Animal Feed Market Shows Persistence Against the Pandemic

November 2nd, 2020 IndexBox Leave a comment

IndexBox has just published a new report: ‘EU – Animal And Pet Feed – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

The European EU Animal Feed Market to Continue Growing Despite the Coronavirus Pandemic

For the tenth year in a row, the European Union has recorded an increase in the consumption of animal feed (this hereinafter means compound feed, premixes, etc. feed for farm animals, excluding feed for dogs and cats), which increased by 1.5% in 2019 and amounted to 154 million tons. The consumption grew at an average annual rate of +1.6% from 2007 to 2019, and growth dynamics remained broadly stable with minor fluctuations over the period under review.

In 2019, the EU animal feed market increased by 0.5% to $50.2B (IndexBox estimates), rising for the third year in a row after three years of decline. This figure reflects the total revenues of manufacturers and importers (excluding logistics costs, retail marketing costs and retailers’ margins, which will be included in the final consumer price).

The level of consumption peaked at $59.6B in 2013; however, from 2014 to 2019, consumption failed to regain the momentum. In 2015, the market value decreased significantly, which was caused by a drop in raw materials and energy costs against the background of falling world oil prices. Over the past three years, the market value has been growing only slightly, despite a more pronounced growth in physical terms.

The COVID-19 pandemic is having a powerful impact on many markets and the economy as a whole, incl. and on the economy of the European Union. Against the background of the introduction of quarantine restrictions, production in entire sectors of the economy has decreased and international transport activity has practically stopped, as a result of which consumer incomes have sharply decreased and consumer behavior patterns have changed.

However, the livestock sector is less affected by these short-term shocks, as quarantine measures have not led to a sharp reduction in the number of farm animals. Thus, in March-July 2020 in the EU there is no sharp drop in the production of feed for farm animals compared to last year. No pronounced growth has been observed either, but frankly speaking, it was not expected due to the rather stable performance of the livestock sector and the absence of prerequisites for a sharp increase in demand for livestock products, whether it be an increase in the population or their incomes.

Despite the fact that the decline in household income should most likely hamper the growth of demand for meat and dairy products, these products remain staple in the diet of Europeans. The decline in demand from the HoReCa sector, closed for several months, can be partially offset by an increase in home consumption. As people began to eat and cook mainly at home during the pandemic, the demand for long-storage products and ready-to-eat meat and dairy products increased. Accordingly, some of the livestock products that were previously supplied to restaurants and cafes could be sent for processing, which is to support agricultural producers.

Since the market for feed for farm animals is predominantly a b2b market, no dramatic changes in sales channels are expected against the backdrop of the pandemic. However, with the use of distance communication and electronic document management, online communication is becoming more and more important even in the b2b sector.

On the other hand, market growth is hindered by a decline in capital investment amid a downturn in the economy and financial uncertainty, which may delay plans to expand and re-equip livestock farms and, consequently, curb the growth in demand for animal feed. At the same time, government support measures should mitigate these negative effects both for the economy as a whole and for the agricultural sector.

The main risk to the supply chain is the possible disruption of established international supply chains, including suppliers of ingredients and packaging materials, as well as the distribution chain. Supply chains can be disrupted by asynchronous quarantine measures in different countries, as well as restrictions on international transport. However, the possible influence of these factors is now mitigated by the gradual opening of the economy in Europe, which should support both market supply and demand.

Amid the pandemic, the market is likely to face pressure on prices as the sharp drop in oil prices will reduce the cost of raw materials and supplies. Moreover, a temporary increase in unemployment against the background of the closure of entire sectors of the economy will entail a decrease in the cost of labor, which will also reduce the cost of production. On the demand side, lower consumer budgets are likely to force producers to curb price increases.

Given the above-mentioned assumptions, the EU farm animal feed market is expected to remain roughly at the level of the previous year in 2020. In the medium term, as the economy recovers from the effects of the pandemic, the market is expected to grow gradually at about 1% per annum between 2019 and 2030, leading to an increase in market size to 173 million tonnes by the end of 2030.

Spain, Germany and France Constitute the Largest Animal Feed Markets in Europe

The countries with the highest volumes of animal feed consumption in 2019 were Spain (25M tonnes), Germany (23M tonnes) and France (19M tonnes), with a combined 44% share of total consumption. These countries were followed by Italy, the UK, the Netherlands, Poland and Belgium, which together accounted for a further 40%.

From 2007 to 2019, the highest average annual growth rates of animal feed consumption among the leading consumer countries were achieved in Poland and Italy (4.5% and 3.5%, respectively), while the consumption in the other countries grew at a more modest pace.

In value terms, the largest animal feed markets in the European Union were Germany ($7.1B), Spain ($7.1B) and France ($6.4B), together accounting for 41% of the total market. The Netherlands, the UK, Italy, Poland and Belgium lagged somewhat behind, together comprising a further 40%.

The countries with the highest levels of animal feed per capita consumption in 2019 were the Netherlands (751 kg per person), Belgium (631 kg per person) and Spain (539 kg per person).

Source: IndexBox AI Platform

Archives, Global Trade Daily, Imports/Exports

Animal Feeding Preparations Market in the EU to Continue Measured Growth

November 1st, 2019 IndexBox Leave a comment

IndexBox has just published a new report: ‘EU – Preparations Used In Animal Feeding – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

The revenue of the market for preparations for animal feeding in the European Union amounted to $64.4B in 2018, stabilizing at the previous year’s level. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). In general, preparations for animal feeding consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the market value increased by 17% against the previous year. Over the period under review, the preparations for animal feeding market attained its peak figure level at $76.4B in 2013; however, from 2014 to 2018, consumption stood at a somewhat lower figure.

Consumption By Country in the EU

The countries with the highest volumes of preparations for animal feeding consumption in 2018 were Spain (25M tonnes), Germany (25M tonnes) and France (22M tonnes), together accounting for 43% of total consumption. The UK, the Netherlands, Italy, Poland and Belgium lagged somewhat behind, together comprising a further 39%.

From 2007 to 2018, the most notable rate of growth in terms of preparations for animal feeding consumption, amongst the main consuming countries, was attained by Poland, while the other leaders experienced more modest paces of growth.

In value terms, France ($10B), Germany ($9.5B) and the UK ($8.2B) were the countries with the highest levels of market value in 2018, together comprising 43% of the total market. Spain, the Netherlands, Italy, Poland and Belgium lagged somewhat behind, together accounting for a further 40%.

The countries with the highest levels of preparations for animal feeding per capita consumption in 2018 were the Netherlands (894 kg per person), Belgium (684 kg per person) and Spain (548 kg per person).

From 2007 to 2018, the most notable rate of growth in terms of preparations for animal feeding per capita consumption, amongst the main consuming countries, was attained by Poland, while the other leaders experienced more modest paces of growth.

Market Forecast 2019-2025 in the EU

Driven by increasing demand for preparations for animal feeding in the European Union, the market is expected to continue an upward consumption trend over the next seven years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.0% for the seven-year period from 2018 to 2025, which is projected to bring the market volume to 181M tonnes by the end of 2025.

Production in the EU

The preparations for animal feeding production amounted to 171M tonnes in 2018, remaining relatively unchanged against the previous year. The total output volume increased at an average annual rate of +1.2% over the period from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years.

Production By Country in the EU

The countries with the highest volumes of preparations for animal feeding production in 2018 were Spain (26M tonnes), Germany (26M tonnes) and France (22M tonnes), with a combined 43% share of total production. These countries were followed by the UK, the Netherlands, Italy, Poland and Belgium, which together accounted for a further 39%.

From 2007 to 2018, the most notable rate of growth in terms of preparations for animal feeding production, amongst the main producing countries, was attained by Poland, while the other leaders experienced more modest paces of growth.

Exports in the EU

In 2018, approx. 16M tonnes of preparations used in animal feeding were exported in the European Union; going down by -2% against the previous year. The total export volume increased at an average annual rate of +3.7% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2010 when exports increased by 20% against the previous year. Over the period under review, preparations for animal feeding exports attained their maximum at 16M tonnes in 2017, and then declined slightly in the following year.

In value terms, preparations for animal feeding exports stood at $18B (IndexBox estimates) in 2018. The total exports indicated a remarkable increase from 2007 to 2018: its value increased at an average annual rate of +3.7% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, preparations for animal feeding exports increased by +20.0% against 2015 indices. The pace of growth appeared the most rapid in 2011 when exports increased by 19% against the previous year. Over the period under review, preparations for animal feeding exports attained their peak figure in 2018 and are expected to retain its growth in the near future.

Exports by Country

The Netherlands (3,613K tonnes), Germany (2,709K tonnes), Belgium (1,862K tonnes) and France (1,464K tonnes) represented roughly 60% of total exports of preparations used in animal feeding in 2018. Italy (849K tonnes) held the next position in the ranking, followed by the UK (817K tonnes) and Poland (742K tonnes). All these countries together held near 15% share of total exports. The following exporters – Hungary (703K tonnes), Spain (616K tonnes), the Czech Republic (529K tonnes), Denmark (446K tonnes) and Austria (383K tonnes) – together made up 17% of total exports.

Export Prices by Country

The preparations for animal feeding export price in the European Union stood at $1,128 per tonne in 2018, picking up by 7.1% against the previous year. Over the last eleven years, it increased at an average annual rate of +1.5%.

Prices varied noticeably by the country of origin; the country with the highest price was France ($1,752 per tonne), while the Netherlands ($899 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Czech Republic, while the other leaders experienced more modest paces of growth.

Imports in the EU

In 2018, approx. 14M tonnes of preparations used in animal feeding were imported in the European Union; remaining stable against the previous year. The total import volume increased at an average annual rate of +3.5% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, preparations for animal feeding imports reached their maximum in 2018 and are likely to continue its growth in the near future.

In value terms, preparations for animal feeding imports totaled $14.2B (IndexBox estimates) in 2018.

Imports by Country

Germany (2,070K tonnes), the Netherlands (1,925K tonnes), Belgium (1,606K tonnes), France (1,251K tonnes), the UK (1,136K tonnes), Poland (760K tonnes), Italy (623K tonnes), Ireland (456K tonnes), Spain (423K tonnes), Denmark (412K tonnes), Portugal (395K tonnes) and the Czech Republic (358K tonnes) represented roughly 84% of total imports of preparations used in animal feeding in 2018.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by the Czech Republic, while the other leaders experienced more modest paces of growth.