China Feed Additives (HS: 23099010) 2023 Latest Import and Export Analysis
“As of the end of November 2023, the cumulative export value for the year reached $1.182 billion, a decrease of 17.07% compared to the same period. The cumulative export volume reached 996,000 tons, with an increase of 13.04% during the same period. From this, it can be observed that although China's export volume of feed additives has increased in 2023, the market prices have seen a decrease compared to the previous year.”
Feed additives are substances added to animal feed to improve or enhance certain characteristics. They can increase the nutritional value of the feed, promote animal growth, strengthen the immune system, and improve the physical properties of the feed, among other benefits. Feed additives are generally classified into nutritional feed additives and non-nutritional feed additives. China, as one of the world's largest producers and exporters of feed additives, has maintained a relatively high level of export volume in recent years.
According to customs data, in 2022, China's total export value of feed additives reached $1.425 billion, with a growth of 25.78% compared to the same period, and the export volume reached 881,100 tons, with a growth of 1.39%. As of the end of November 2023, the cumulative export value was $1.182 billion, a decrease of 17.07% compared to the same period. The cumulative export volume reached 996,000 tons, with an increase of 13.04% compared to the same period. This indicates that although China's export volume of feed additives has increased in 2023, the market prices have seen a decrease compared to the previous year.
The feed additive products exported from China cover various types, including vitamins, minerals, amino acids, antibiotics, enzyme preparations, etc. These products are used to improve the nutritional value of animal feed, promote animal growth, and enhance production performance. The foreign trade market mainly includes some developing countries and regions such as Vietnam, Indonesia, the Philippines, India, Pakistan, Malaysia, etc. There is also trade interaction with some developed countries, including markets like the Netherlands, South Korea, Spain, Germany, etc.
The import and export foreign trade of feed additives involve an international trade process that spans multiple countries and regions. The coordination and cooperation of the entire feed additives industry chain are crucial to ensuring product quality, safety, and market competitiveness. Participants in each link, including raw material suppliers, manufacturers, sales channels, and farmers, need to collaborate closely, adhere to relevant regulations and standards, to maintain the sustainable development of the entire industry chain.
To ensure the smooth progress of the foreign trade import and export of feed additives, exporters need to closely monitor changes in international trade regulations and ensure that their products and business comply with the requirements of the target market. At the same time, it is essential to regularly update information to obtain the latest foreign trade insights.
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