HS Code:
The category 'Products chiefly used as food for animals or as ingredients in such food' (often classified under HS Code 2309) includes preparations used in animal feeding, such as compound feeds, premixes, and additives. These products are critical for livestock, poultry, and aquaculture industries, supporting global food production by ensuring animal nutrition and health. This category encompasses a wide range of products, from cereal-based feeds to protein concentrates and vitamin supplements, tailored for different animal species.
Total Trade Volume
USD 50 billion
Data from 2022
Source
United Nations Comtrade Database & World Trade Organization (WTO)
USD 8.5 billion
17% of total trade of total trade
Increasing
USD 6.2 billion
12.4% of total trade of total trade
Increasing
USD 5.8 billion
11.6% of total trade of total trade
Stable
USD 4.3 billion
8.6% of total trade of total trade
Increasing
USD 3.9 billion
7.8% of total trade of total trade
Increasing
Average Rate
5.2% ad valorem
Highest Rate
15% (imposed by certain developing countries to protect domestic feed industries)
Lowest Rate
0% (under free trade agreements like EU Single Market or USMCA)
Rising demand for organic and sustainable animal feed
Increased production of non-GMO and plant-based feed ingredients, driving up costs but opening new market segments.
2021-2023
Growth in aquaculture feed due to expanding fish farming
Higher exports of specialized feed for aquaculture, particularly from Southeast Asia and Europe, with a focus on sustainable sourcing.
2020-2022
Technological advancements in feed additives
Introduction of probiotics and enzymes in animal feed to enhance nutrition efficiency, boosting trade in high-value feed products.
2019-2023
The European Union introduced stricter regulations on the use of antibiotics in animal feed to combat antimicrobial resistance, requiring detailed documentation and compliance from exporters.
January 2022
Increased compliance costs for exporters to the EU, potentially reducing trade volumes from non-compliant regions while favoring producers with sustainable practices.
As part of the Phase One Trade Deal, China reduced tariffs on certain U.S. animal feed products, boosting exports of soybean meal and other feed ingredients.
February 2020
Strengthened U.S. market share in China, with a reported 15% increase in feed exports in 2021-2022, benefiting American agricultural producers.
Brazil invested in new feed processing facilities to meet rising domestic and international demand, particularly for poultry and swine feed, leveraging its soybean production advantage.
March 2023
Enhanced Brazil's position as a leading exporter, increasing competition with the U.S. and EU in Latin American and Asian markets.