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Growing Demand from China and Russia Drives Netherlands’ Baby Food Exports

baby food
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Growing Demand from China and Russia Drives Netherlands’ Baby Food Exports

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IndexBox has just published a new report: ‘Netherlands – Food Preparations For Infants – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

Last year, baby food exports from the Netherlands grew by +5.7% y-o-y in physical terms, driven primarily by rising demand from China and Russia. In 2020, the Netherlands supplied abroad 237K tonnes of baby food worth $2.7B. China and Russia constitute the largest importers, accounting for 54% of the total export volume.

Baby Food Exports from the Netherlands

In 2020, the amount of food preparations for infants exported from the Netherlands rose remarkably to 237K tonnes, with an increase of +5.7% compared with the year before. In value terms, baby food exports rose by +7.8% y-o-y to $2.7B (IndexBox estimates) in 2020.

China (129K tonnes) was the leading destination for baby food exports from the Netherlands, accounting for 54% of total exports. Moreover, baby food exports to China exceeded the volume sent to the second major destination, Hong Kong SAR (15K tonnes), eightfold. Russia (11K tonnes) occupied the third position in this ranking, with a 4.5% share.

In value terms, China ($1.7B) remains the key foreign market for baby food exports from the Netherlands, comprising 64% of total exports. Hong Kong SAR ($277M) occupied the second position in the ranking, with a 10% share of total exports, followed by Russia, with a 2.7% share.

In 2020, the value of supplies to China and Russia increased by +19.2% y-o-y and +4.1% y-o-y, respectively. By contrast, exports to Hong Kong SAR dropped by -32.3% y-o-y.

The average baby food export price stood at $11,318 per tonne in 2020, surging by +2% against the previous year. Prices varied noticeably by the country of destination; the country with the highest price was Hong Kong SAR, while the average price for exports to Greece 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

turkey
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Turkey Prices in the U.S. Keep Soaring Due to Strong Demand and Labor Shortages

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IndexBox has just published a new report: ‘U.S. – Turkey Meat – Market Analysis, Forecast, Size, Trends and Insights‘. Here is a summary of the report’s key findings.

This November, the price for fresh whole body turkeys surpassed November 2020 figures by 9%, while frozen whole body turkeys jumped 20% y-o-y. A short supply of workers led to lower turkey output and higher prices on the backdrop of consistently strong consumer demand. Turkey imports to the U.S. maintained the previous year’s levels. Canada and Chile remain the only turkey suppliers to America. Unprecedented inflation rates have struck the entire food sector; in October 2021, price increases for meats, poultry, fish and eggs became the highest recorded in the past 30 years.

Key Trends and Insights

Due to accelerating food inflation, Thanksgiving dinner this year will cost Americans significantly more than the previous one. According to the latest report from the USDA, the average price for fresh whole body turkeys in November 2021 was $1.46 per pound, which is 9% more than the previous year. The price for frozen whole body turkeys came to $1.36 per pound, a 20% increase in comparison to 2020.

The average cost of organic fresh whole body turkeys totaled $3.24 per pound (+4.8% compared to November 2020), while organic frozen whole body turkeys were $3.30 per pound (+23%). On average antibiotic-free fresh whole body turkeys cost $2.37 per pound (a decrease of 7%), at the same time, frozen whole body turkeys are going for $3.30 per pound (twice the gains compared to November 2020).

The increase in turkey prices is caused by solid demand running into a 6% y-o-y drop in butchered turkeys to 4.6M tonnes, due in part to a deficit of workers. The turkey market size in 2020 totaled 2.4M tonnes, while this year, it is expected to decrease to about 2.3M tonnes.

Higher turkey prices are occurring in the broader context of unprecedented inflation for food products. According to the U.S. Bureau of Labor Statistics, October prices for meats, poultry, fish and eggs grew by 11.9% in comparison with October 2020. That is the fastest rate of price increases in the past 30 years.

It is unlikely that imports will offset the short supply of turkeys in the US. In 2021, imports remained at comparable levels to the previous year and from January through September consisted of 7K tonnes, accounting for about 0.4% of US consumption. In monetary terms, imports totaled $19.6M, having grown by 7% in comparison with the same period in 2020. Canada makes up 80% of American imports, together with Chile being the only suppliers of turkeys to the U.S.

Turkey Exports from the U.S.

In 2020, exports of turkey meat from the U.S. contracted to 214K tonnes, with a decrease of -11.8% compared with 2019. In value terms, turkey meat exports shrank from $483M to $416M (IndexBox estimates).

Mexico (135K tonnes) was the main destination for turkey meat exports from the U.S., accounting for a 63% share of total exports. Moreover, turkey meat exports to Mexico exceeded the volume sent to the second major destination, China (17K tonnes), eightfold. The third position in this ranking was occupied by Guatemala (4.8K tonnes), with a 2.2% share.

In value terms, Mexico ($262M) remains the key foreign market for turkey meat exports from the U.S., comprising 63% of total exports. The second position in the ranking was occupied by China ($27M), with a 6.6% share of total exports. It was followed by the Dominican Republic, with a 2.6% share.

From 2010 to 2020, the average annual growth rate of value to Mexico (+0.2% per year) was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-3.0% per year) and the Dominican Republic (+0.2% per year).

In 2020, the average turkey meat export price amounted to $1,945 per tonne, with a decrease of -2.4% 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 the Dominican Republic ($2,434 per tonne), while the average price for exports to Jamaica ($1,195 per tonne) was amongst the lowest. Over the past decade, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Platform

potato
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U.S. Doubled Frozen Potato Imports in the Past Decade

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IndexBox has just published a new report: ‘U.S. – Frozen Potatoes (Prepared Or Preserved) – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

American preserved frozen potato imports increased from 695K tonnes in 2010 to 1.1M tonnes in 2020. In value terms, imports expanded from $653M to $1.1B over this period. Canada supplies 85% of the total volume of imports. In 2020, Belgium emerged as the fastest-growing supplier of frozen potatoes to the U.S., reaching a 10% share of the total imports.

American Frozen Potato Imports 

Over the past decade, preserved frozen potato imports into the U.S. grew from 695K tonnes to 1.1M tonnes. In 2020, imports increased by +8.8% against 2019 figures.

In value terms, preserved frozen potato imports expanded from $653M in 2010 to $1.1B in 2020. Last year, import value expanded by +8.9% y-o-y (IndexBox estimates).

In 2020, Canada (914K tonnes) constituted the largest preserved frozen potato supplier to the U.S., accounting for 85% of total imports. Moreover, preserved frozen potato imports from Canada exceeded the figures recorded by the second-largest supplier, Belgium (105K tonnes), ninefold.

In 2020, the volume of supplies from Canada grew by +3.3%. Imports from Belgium and the Netherlands increased by +61.9% y-o-y and +44.7% y-o-y, respectively.

In value terms, Canada ($946M) constituted the largest supplier of preserved frozen potato to the U.S., comprising 86% of total imports. The second position in the ranking was occupied by Belgium ($97M), with an 8.8% share of total imports.

The average preserved frozen potato import price stood at $1,000 per tonne in 2020, standing approx. at the previous year. Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was Belgium ($1,000 per tonne), while the price for Canada ($1,000 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other significant suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Aquaculture
Archives, Global Trade Daily, Special Reports, State Spotlight

U.S. States With the Largest Aquaculture Industry

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With the planet’s population growing and the global market for seafood steadily increasing, natural fish production from the world’s lakes, rivers, and oceans will be insufficient to keep up with demand in the long term. To support global demand, aquaculture is a critical resource for raising seafood efficiently and sustainably.

The USDA defines aquaculture as the farming of aquatic organisms, including fish, crustaceans, mollusks, and more. The farming process includes seeding, stocking, and feeding fish, shellfish, and other aquatic products in a controlled environment. The controlled environment makes aquaculture distinct from wild caught seafood taken from a natural habitat.

Aquaculture in the U.S. represents a $1.5 billion industry annually and helps support 1.7 million jobs in the broader seafood industry, according to estimates from the National Oceanic and Atmospheric Administration. These figures place the U.S. relatively low on a global scale as an aquaculture producer—17th in total aquaculture production—but the U.S. is one of the top consumers of aquaculture imports. More than 90% of seafood in the U.S. comes from outside of the country, and around half of that total comes from farm-raised seafood.

These products in the U.S. that generate the most sales fall in the categories of food fish and mollusks. Food fish—a category that includes any fish raised primarily for food, such as catfish, sturgeon, tilapia, trout, or salmon—accounts for nearly half of the market by itself, with $716 million in sales each year. Mollusks—which are marine invertebrates like clams, mussels, and oysters also commonly raised as food—follow behind at $442 million sold each year.

Naturally, a successful aquaculture industry depends on access to geographic features that support production. This means that some regions of the U.S. are more conducive to aquaculture than others. The South leads the U.S. in production, with nearly $850 million in annual sales from aquaculture. This can be attributed to strong production of freshwater fish, especially catfish, in the areas around the Mississippi River watershed, and saltwater production in the Gulf of Mexico and Atlantic Ocean. The West produces $475 million in aquaculture sales each year, primarily from Washington and California, which are leaders in shellfish production but also have strong saltwater and freshwater production of fish like trout, tilapia, and salmon.

The data used in this analysis is from the USDA’s Census of Aquaculture. To identify the states with the most aquaculture production, researchers at Commodity.com ranked states based on the total value of aquaculture products sold. Aquaculture products include food fish, sport fish, baitfish, and ornamental fish, as well as mollusks, crustaceans, and other miscellaneous aquaculture products. The total acreage by state reported in this study is the sum of freshwater and saltwater production (where available), and the most common water source is the water source characteristic of the greatest number of farms in each state.

Here are the states with the largest aquaculture industry.

State

Rank

   Total value of products sold

Total number of aquaculture farms

Total acres

Most common water source
Mississippi    1    $215,709,000 176 39,561 Groundwater
Washington    2    $207,685,000 151 16,263 Saltwater
Louisiana    3    $135,712,000 525 240,274 Groundwater
Virginia    4    $112,640,000 202 17,797 Saltwater
California    5    $106,021,000 116 11,329 Groundwater
Alabama    6    $95,199,000 120 17,591 On-farm surface water
Hawaii    7    $78,429,000 49 794 Saltwater
Maine    8    $72,340,000 75 1,295 Saltwater
Florida    9    $71,649,000 334 3,410 Saltwater
Arkansas    10    $67,661,000 82 29,936 Groundwater
Texas    11    $62,594,000 107 7,566 Groundwater
Idaho    12    $44,763,000 41 498 On-farm surface water
Massachusetts    13    $28,858,000 180 1,046 Saltwater
Maryland    14    $28,139,000 43 2,318 Saltwater
North Carolina    15    $26,006,000 137 2,909 Groundwater
United States    –    $1,515,680,000 3,456 484,000 Groundwater

 

For more information, a detailed methodology, and complete results, you can find the original report on Commodity.com’s website: https://commodity.com/blog/aquaculture-production/

sugar
Archives, Global Trade Daily, Imports/Exports, International Trade

Brazil’s Sugar Exports to Reach the Highest Level with Doubling Supplies to China

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

From January to August 2021, Brazil’s exported 23.7M tonnes, which was 26% larger than in the same period of 2020. This year, China’s sugar purchases from Brazil have doubled, reaching 4M tonnes. Shipments to Algeria, Nigeria, Saudi Arabia, Malaysia, Canada, and the United Arab Emirates have also grown sharply. Last year, sugar exports from Brazil hit record 27M tonnes, jumping by +67% y-o-y. In value terms, exports constituted $7.4B. China, Algeria and Bangladesh were the largest importers of Brazilian sugar in 2020. 

Brazil’s Sugar Exports by Country

From January to August 2021, Brazil’s sugar exports reached 23.7M tonnes, up 26% from the same period in 2020. In value terms, exports exceeded $5.8B over eight-month of 2021. It is expected that sugar exports from Brazil will hit the last year’s record by the end of 2021.

This year, soaring supplies to China, Algeria, Nigeria, Saudi Arabia, Malaysia, Canada, and the United Arab Emirates provided the most export increment. China’s sugar purchases rose twofold against the same period of 2020, reaching 4M tonnes by September 2021.

In 2020, the amount of sugar exported from Brazil skyrocketed to 27M tonnes, jumping by +67% compared with 2019. In value terms, sugar exports skyrocketed by +70% y-o-y to $7.4B (IndexBox estimates) in 2020.

China (4.7M tonnes), Algeria (2.4M tonnes) and Bangladesh (2.3M tonnes) were the main destinations of sugar exports from Brazil, with a combined 35% share of total exports. These countries were followed by India, Indonesia, Nigeria, Morocco, Malaysia, Saudi Arabia, Iraq, the United Arab Emirates, Canada and Egypt, which together accounted for a further 51%.

In 2020, the most notable rate of growth in terms of shipments, amongst the leading countries of destination, was attained by Malaysia, while exports for the other leaders experienced more modest paces of growth. Malaysian sugar purchases from Brazil grew fourfold in physical terms.

In value terms, China ($1.3B), Algeria ($669M) and Bangladesh ($628M) constituted the largest markets for sugar exported from Brazil worldwide, with a combined 35% share of total exports. These countries were followed by India, Indonesia, Nigeria, Morocco, Malaysia, Saudi Arabia, Iraq, the United Arab Emirates, Canada and Egypt, which together accounted for a further 50%.

In 2020, the average sugar export price amounted to $277 per tonne, almost unchanged from the previous year. Average prices varied noticeably for the significant foreign markets. In 2020, the countries with the highest prices were Morocco ($281 per tonne) and Bangladesh ($279 per tonne), while the average prices for exports to Iraq ($263 per tonne) and Indonesia ($269 per tonne) were amongst the lowest. In 2020, the most notable growth rate in terms of prices was recorded for supplies to Morocco, while the prices for the other significant destinations experienced more modest paces of growth.

Source: IndexBox Platform

fish
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American Frozen Fish Meat Exports Slump on Falling Demand from Japan

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IndexBox has just published a new report: ‘U.S. – Frozen Fish Meat – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

American frozen fish meat exports dropped from $602M in 2019 to $518M in 2020 amid the declining demand from Japan and South Korea. In physical terms, exports shrank by -9.5% y-o-y to 198K tonnes. South Korea, Japan and France constitute the leading importers, accounting for 65% of American frozen fish meat exports. The average export price for frozen fish meat from the U.S. decreased by -4.8% y-o-y to $2,623 per tonne in 2020.

American Frozen Fish Meat Exports by Country

In 2020, frozen fish meat exports from the U.S. declined to 198K tonnes, reducing by -9.5% against the year before. In value terms, frozen fish meat exports shrank from $602M in 2019 to $518M (IndexBox estimates) in 2020.

South Korea (61K tonnes), Japan (51K tonnes) and France (17K tonnes) were the main destinations of frozen fish meat exports from the U.S., with a combined 65% share of total exports. The Netherlands, Spain, Lithuania and Canada lagged somewhat behind, together accounting for a further 24%.

American supplies to Japan dropped from 75K tonnes to 51K tonnes last year. Exports to South Korea reduced from 68K tonnes to 61K tonnes. By contrast, frozen fish meat exports to the Netherlands increased by +50%, reaching 14K tonnes in 2020.

In value terms, the largest markets for frozen fish meat exported from the U.S. were South Korea ($162M), Japan ($128M) and France ($45M), with a combined 65% share of total exports. These countries were followed by Spain, Lithuania, the Netherlands and Canada, which together accounted for a further 25%.

The average export price for frozen fish meat stood at $2,623 per tonne in 2020, shrinking by -4.8% against the previous year. Prices varied noticeably by the country of destination; the country with the highest price was Canada ($3,563 per tonne), while the average price for exports to the Netherlands ($2,330 per tonne) was amongst the lowest. In 2020, the most notable growth rate in terms of prices was recorded for supplies to France, while the prices for the other significant destinations experienced mixed trend patterns.

Source: IndexBox Platform

vegetable
Archives, Global Trade Daily, Imports/Exports

States Producing the Most Fruits & Vegetables

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Many sectors of the economy have struggled during the COVID-19 pandemic, but one of the sectors that has faced the greatest challenges in the U.S. is also one of the most critical: agriculture.

The early days and weeks of the pandemic were difficult for many agricultural businesses as shutdowns created major disruptions for some of their primary customers. Much of the food service industry shut down overnight in March 2020, drastically scaling back one of the primary sales markets for farmers. In response, more agricultural producers shifted their focus to retail grocery and wholesalers. However, they paid a steep price in the form of lost products and new costs in labor and logistics to adapt to different distribution channels.

Since then, agriculture has faced many of the same supply chain and labor challenges currently plaguing the rest of the economy. Supply chain breakdowns have meant that farms have been struggling to obtain supplies and equipment that they need and that it has become more difficult to transport their products to customers. Labor force participation remains below pre-pandemic levels, especially in low-wage occupations, which has contributed to a shortage of pickers and other agricultural workers. Because produce is perishable, these issues have caused millions of pounds of produce to go unharvested or spoil before reaching consumers.

These disruptions pose a problem for consumers, who may have less ability to access high-quality fresh food at a low price, but also for the economy at large. Fresh produce in the form of fruits, nuts, and vegetables represents nearly a quarter of the total production value of U.S. crops. These products are also part of a larger value chain in the food industry that includes food processing plants, distributors, restaurants and other food service businesses, and grocery. This means that challenges in growing, harvesting, and supplying fresh produce creates additional struggles downstream for other closely related businesses.

These issues are also likely to affect what crops farms choose to grow and in what amounts. Because crops take time to raise, farmers essentially must make decisions in the present based on predictions about what the market might look like months in advance. With continued uncertainty, agricultural producers may prefer to shift more of their focus to crops that have higher value to improve their margins. In general, tree nuts and fruits tend to have higher production value than vegetables.

The current state of the agricultural market also underscores the importance of domestic agricultural production. In recent years, the U.S. has been importing a large share of its fresh and frozen fruits and vegetables, with imports totaling more than $24 billion in 2019. But with ongoing supply chain challenges worldwide, production closer to home will be important in maintaining the supply of food.

These fruits and vegetables come from a relatively small number of states where agricultural production is highly concentrated. The leader among these states is California, which is responsible for nearly 70% of U.S. fruit and vegetable production by itself. California is joined by other Western states like Washington, Oregon, and Arizona among the leaders, along with highly agriculture-dependent states in the South and Midwest.

The data used in this analysis is from the USDA. All data shown is for the year 2019, the most recent available covering both fruits and vegetables. To identify the states producing the most fruits and vegetables, researchers at Commodity.com calculated the total production value of both fruit and nut crops as well as vegetable crops, measured in dollars. Researchers also calculated what percentage of total U.S. fruit, nut, and vegetable production is accounted for by each state. Only states with available agricultural data from the USDA were included in the study.

Here are the states producing the most fruits and vegetables.

State Rank Total fruit & vegetable production Share of U.S. total fruit & vegetable production Total fruit production Total vegetable production
California    1    $29,181,329,000    68.94%    $21,437,185,000    $7,744,144,000
Washington    2    $3,396,600,000    8.02%    $3,033,860,000    $362,740,000
Florida    3    $2,759,462,000    6.52%    $1,536,612,000    $1,222,850,000
Arizona    4    $1,825,539,000    4.31%    $197,188,000    $1,628,351,000
Georgia    5    $823,604,000    1.95%    $308,074,000    $515,530,000
Oregon    6    $650,912,000    1.54%    $456,326,000    $194,586,000
Michigan    7    $578,847,000    1.37%    $361,709,000    $217,138,000
North Carolina    8    $560,492,000    1.32%    $60,811,000    $499,681,000
New York    9    $503,842,000    1.19%    $276,937,000    $226,905,000
Texas    10    $348,246,000    0.82%    $163,350,000    $184,896,000
United States    –    $42,326,702,000    100.0%    $28,770,303,000    $13,556,399,000

 

For more information, a detailed methodology, and complete results, you can find the original report on Commodity.com’s website: https://commodity.com/blog/most-fruits-vegetables/

sunflower
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Ukrainian Sunflower Oilcake Suppliers Enjoy Surging Demand in China

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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

pasta imports
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The UK Ramps Up Imports of Stuffed Pasta and Couscous

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IndexBox has just published a new report: ‘United Kingdom – Stuffed Pasta And Couscous – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

UK imports of stuffed pasta and couscous grew by +15.8% y-o-y to $525M last year. Italy, China and France provide approximately 77% of the total volume imported into the UK. All these countries have significantly expanded their exports of stuffed pasta and couscous to the UK. Germany emerged as the fastest-growing supplier in terms of import value in 2020.

UK Imports of Stuffed Pasta and Couscous

In 2020, approx. 316K tonnes of stuffed pasta and couscous were imported into the UK, growing by +16% on the previous year. In value terms, pasta and couscous imports soared by +15.8% y-o-y to $525M (IndexBox estimates) in 2020.

In 2020, Italy (209K tonnes) constituted the largest supplier of pasta and couscous to the UK, with a 66% share of total imports. Moreover, pasta and couscous imports from Italy exceeded the figures recorded by the second-largest supplier, China (22K tonnes), tenfold. France (14K tonnes) ranked third in terms of total imports with a 4.3% share.

In value terms, Italy ($266M) constituted the largest supplier of pasta and couscous to the UK, comprising 51% of total imports. The second position in the ranking was occupied by China ($42M), with an 8% share of total imports, and it was followed by Germany, with a 7.7% share.

In 2020, the average annual growth rate of value from Italy totalled +18.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.0% per year) and Germany (+23.0% per year). Germany emerged as the fastest-growing exporter of stuffed pasta and couscous to the UK.

In 2020, the average pasta and couscous import price amounted to $1,664 per tonne, therefore, remained relatively stable against the previous year. Prices varied noticeably by the country of origin; the country with the highest price was South Korea ($3,819 per tonne), while the price for Italy ($1,271 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other significant suppliers experienced more modest paces of growth.

Source: IndexBox Platform

animal feed
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Germany’s Animal Feed Preparation Exports Hit Record Highs

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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