World - Machinery For Preparing Animal Feedstuffs - Market Analysis, Forecast, Size, Trends And Insights
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This article analyzes the global feedstuff preparing machinery market, forecasting a slight increase in performance with a CAGR of +2.5% from 2022 to 2030. The market volume is projected to reach 698K units and the market value to $9.1B by the end of 2030. Consumption trends show fluctuation, with some countries experiencing growth while others show reduction. Production figures indicate a flat trend pattern with minor fluctuations. Import and export trends also vary, with notable growth and decline in certain years. China emerges as a key player in both production and exports, with other countries showing mixed trends in market size and price.
Market Forecast
Driven by rising demand for feedstuff preparing machinery worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +2.5% for the period from 2022 to 2030, which is projected to bring the market volume to 698K units by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +4.6% for the period from 2022 to 2030, which is projected to bring the market value to $9.1B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Machinery For Preparing Animal Feedstuffs
In 2022, after three years of decline, there was growth in consumption of machinery for preparing animal feedstuffs, when its volume increased by 0.1% to 574K units. Over the period under review, consumption, however, showed a mild reduction. Global consumption peaked at 742K units in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.
The global feedstuff preparing machinery market value expanded sharply to $6.4B in 2022, rising by 5.7% against the previous year. 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, consumption recorded a relatively flat trend pattern. Global consumption peaked at $7.5B in 2018; however, from 2019 to 2022, consumption remained at a lower figure.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (114K units), the United States (80K units) and India (60K units), together accounting for 44% of global consumption. Germany, Denmark, Brazil, Portugal, Ukraine, Italy, South Korea, Thailand, Saudi Arabia and Canada lagged somewhat behind, together accounting for a further 34%.
From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +44.9%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the largest feedstuff preparing machinery markets worldwide were the United States ($1.3B), China ($997M) and India ($735M), together accounting for 48% of the global market. Denmark, Brazil, South Korea, Germany, Canada, Thailand, Saudi Arabia, Italy, Portugal and Ukraine lagged somewhat behind, together accounting for a further 26%.
Among the main consuming countries, Denmark, with a CAGR of +40.8%, recorded the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.
In 2022, the highest levels of feedstuff preparing machinery per capita consumption was registered in Denmark (5,056 units per million persons), followed by Portugal (2,096 units per million persons), Germany (576 units per million persons) and Ukraine (433 units per million persons), while the world average per capita consumption of feedstuff preparing machinery was estimated at 73 units per million persons.
From 2012 to 2022, the average annual growth rate of the feedstuff preparing machinery per capita consumption in Denmark stood at +44.2%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Portugal (+14.6% per year) and Germany (-7.6% per year).
Production
World Production of Machinery For Preparing Animal Feedstuffs
In 2022, the amount of machinery for preparing animal feedstuffs produced worldwide rose significantly to 655K units, increasing by 6.6% on 2021 figures. In general, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 8.5% against the previous year. Global production peaked at 745K units in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.
In value terms, feedstuff preparing machinery production expanded slightly to $6.7B in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 20% against the previous year. As a result, production attained the peak level of $7.7B. From 2019 to 2022, global production growth remained at a lower figure.
Production By Country
China (207K units) constituted the country with the largest volume of feedstuff preparing machinery production, accounting for 32% of total volume. Moreover, feedstuff preparing machinery production in China exceeded the figures recorded by the second-largest producer, the United States (77K units), threefold. The third position in this ranking was held by India (58K units), with an 8.8% share.
In China, feedstuff preparing machinery production expanded at an average annual rate of +6.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (-0.6% per year) and India (+2.9% per year).
Imports
World Imports of Machinery For Preparing Animal Feedstuffs
Global feedstuff preparing machinery imports shrank markedly to 96K units in 2022, with a decrease of -23.8% on 2021 figures. Overall, total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +3.2% 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 +6.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 40% against the previous year. As a result, imports attained the peak of 127K units, and then fell dramatically in the following year.
In value terms, feedstuff preparing machinery imports reduced to $1.1B in 2022. The total import value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when imports increased by 25%. Over the period under review, global imports attained the maximum at $1.2B in 2021, and then dropped in the following year.
Imports By Country
The purchases of the twelve major importers of machinery for preparing animal feedstuffs, namely China, the United States, Thailand, the UK, France, Canada, Germany, Russia, India, Indonesia, Poland and Bangladesh, represented more than half of total import. Australia (1.6K units) took a little share of total imports.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Thailand (with a CAGR of +35.0%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($102M) constitutes the largest market for imported machinery for preparing animal feedstuffs worldwide, comprising 9.2% of global imports. The second position in the ranking was held by Germany ($47M), with a 4.3% share of global imports. It was followed by Canada, with a 4% share.
From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at +4.2%. In the other countries, the average annual rates were as follows: Germany (-3.8% per year) and Canada (+10.6% per year).
Import Prices By Country
The average feedstuff preparing machinery import price stood at $11,452 per unit in 2022, increasing by 24% against the previous year. In general, the import price, however, continues to indicate a slight shrinkage. Over the period under review, average import prices attained the peak figure at $13,754 per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Bangladesh ($17,580 per unit), while China ($1,243 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+6.0%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Machinery For Preparing Animal Feedstuffs
In 2022, global feedstuff preparing machinery exports was estimated at 177K units, with an increase of 6% against the year before. In general, exports recorded a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 63%. The global exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, feedstuff preparing machinery exports contracted modestly to $1.1B in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 24% against the previous year. As a result, the exports attained the peak of $1.1B; afterwards, it flattened through to 2022.
Exports By Country
China prevails in exports structure, amounting to 104K units, which was near 59% of total exports in 2022. It was distantly followed by Italy (8.1K units), constituting a 4.6% share of total exports. Germany (7.9K units), the Netherlands (7.8K units), Turkey (7.5K units), Canada (6.6K units), the United States (4.5K units), France (4.2K units), Poland (3.5K units) and Ireland (2.8K units) held a relatively small share of total exports.
China was also the fastest-growing in terms of the machinery for preparing animal feedstuffs exports, with a CAGR of +28.1% from 2012 to 2022. At the same time, Turkey (+22.0%), Poland (+8.9%), France (+4.1%) and Canada (+3.7%) displayed positive paces of growth. Italy and the Netherlands experienced a relatively flat trend pattern. By contrast, the United States (-1.5%), Germany (-2.7%) and Ireland (-9.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and Turkey increased by +48 and +3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the largest feedstuff preparing machinery supplying countries worldwide were China ($134M), Germany ($115M) and the Netherlands ($110M), with a combined 33% share of global exports. Italy, the United States, Canada, Turkey, France, Poland and Ireland lagged somewhat behind, together comprising a further 39%.
Among the main exporting countries, Turkey, with a CAGR of +18.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
In 2022, the average feedstuff preparing machinery export price amounted to $6,060 per unit, reducing by -7.9% against the previous year. Over the period under review, the export price recorded a deep downturn. The pace of growth appeared the most rapid in 2018 an increase of 11%. The global export price peaked at $13,399 per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($20,243 per unit), while China ($1,292 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+5.4%), while the other global leaders experienced mixed trends in the export price figures.
This report provides an in-depth analysis of the global feedstuff preparing machinery market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28308300 - Machinery for preparing animal feedstuffs
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
This report provides an in-depth analysis of the global feedstuff preparing machinery market.
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