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Australia - Dog And Cat Food - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

Australia - Dog And Cat Food - Market Analysis, Forecast, Size, Trends And Insights

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Mar 31, 2023

Rising Demand and Increased Costs Drive Dog and Cat Food Prices up to $3,269 per Ton in Australia

Australia Dog And Cat Food Import Price in December 2022

In December 2022, the dog and cat food price amounted to $3,269 per ton (CIF, Australia), growing by 6.9% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.3%. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 17% m-o-m. As a result, import price reached the peak level of $3,542 per ton. From September 2022 to December 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was New Zealand ($12,829 per ton), while the price for Italy ($1,563 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Hungary (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Australia Dog And Cat Food Imports

Dog and cat food imports into Australia dropped sharply to 11K tons in December 2022, with a decrease of -21.7% on the previous month. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in May 2022 with an increase of 58% m-o-m. As a result, imports attained the peak of 17K tons. From June 2022 to December 2022, the growth of imports remained at a lower figure.

In value terms, dog and cat food imports shrank notably to $36M (IndexBox estimates) in December 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 when imports increased by 58% against the previous month. Over the period under review, imports hit record highs at 53K tons in May 2022; however, from June 2022 to December 2022, imports stood at a somewhat lower figure.

Australia Dog And Cat Food Imports by Country

Thailand (4.5K tons), France (2.5K tons) and the United States (1.9K tons) were the main suppliers of dog and cat food imports to Australia, with a combined 82% share of total imports. These countries were followed by Hungary, Austria, South Korea, Italy and New Zealand, which together accounted for a further 15%.

From December 2021 to December 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +7.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($13M), France ($7.1M) and the United States ($6.9M) were the largest dog and cat food suppliers to Australia, with a combined 77% share of total imports. These countries were followed by New Zealand, Hungary, Austria, South Korea and Italy, which together accounted for a further 17%.

Among the main suppliers, Hungary, with a CAGR of +8.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Australians' Growing Love for Pets Drives up Demand and Prices of High-Quality Pet Food

Over the past few years, Australians have been spending more and more money on their pets, and the trend shows no signs of slowing down. As pet ownership becomes more widespread and pet owners become more informed and health-conscious, the demand for high-quality, nutritious food for dogs and cats has grown significantly. This demand, combined with rising production costs and a weaker Australian dollar, has led to a significant increase in the price of dog and cat food in Australia.

The increase in pet ownership in Australia is partly due to changing demographics. As more Australians opt to live alone or delay starting families, pets are filling the gap and becoming important companions. Additionally, an increasing awareness of the physical and emotional benefits of pet ownership has led more people to take the plunge and get a pet of their own.

However, as previously mentioned, the increased demand for quality pet food is not the only factor driving prices up. The cost of raw materials, including meat and grains, has also risen in recent years due to global supply and demand. Additionally, the declining value of the Australian dollar has made importing ingredients and finished products more expensive for Australian businesses.

Despite these challenges, the pet food industry in Australia remains highly competitive, with a wide range of brands and products available to consumers. Some companies have responded to the rising prices by introducing more affordable options, while others have focused on innovation and premiumization to differentiate themselves from the competition.

Looking ahead, it remains to be seen whether prices will continue to rise at the same pace or if the industry will find ways to offset the various cost pressures. However, one thing is certain: Australians' love for their pets shows no signs of waning, and the demand for high-quality pet food is likely to keep growing in the years to come.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for dog and cat food in Australia. 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 10921030 - Dog or cat food, p.r.s.

Country coverage:

  • Australia

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Australia
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 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. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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