ASEAN: Market for Dog And Cat Food 2024

Market Size for Dog And Cat Food in ASEAN

After four years of growth, the ASEAN dog and cat food market decreased by -7.3% to $X in 2021. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when the market value increased by 9.1%. As a result, consumption attained the peak level of $X, and then declined in the following year.

Production of Dog And Cat Food in ASEAN

In value terms, dog and cat food production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 13%. As a result, production attained the peak level of $X, and then fell in the following year.

Exports of Dog And Cat Food

Exports in ASEAN

For the tenth consecutive year, ASEAN recorded growth in overseas shipments of dog and cat food, which increased by 20% to X tons in 2021. Total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +9.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +125.2% against 2012 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, dog and cat food exports surged to $X in 2021. In general, exports continue to indicate a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Thailand dominates exports structure, resulting at X tons, which was approx. 90% of total exports in 2021. It was distantly followed by Vietnam (X tons), committing a 6% share of total exports. Cambodia (X tons) followed a long way behind the leaders.

Exports from Thailand increased at an average annual rate of +8.5% from 2012 to 2021. At the same time, Vietnam (+33.9%) and Cambodia (+20.2%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +33.9% from 2012-2021. From 2012 to 2021, the share of Vietnam increased by +5 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest dog and cat food supplier in ASEAN, comprising 93% of total exports. The second position in the ranking was held by Vietnam ($X), with a 4.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Thailand stood at +10.5%. In the other countries, the average annual rates were as follows: Vietnam (+37.2% per year) and Cambodia (+26.4% per year).

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per ton, growing by 4.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2020 when the export price increased by 8.8%. The level of export peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cambodia (+5.1%), while the other leaders experienced more modest paces of growth.

Imports of Dog And Cat Food

Imports in ASEAN

In 2021, approx. X tons of dog and cat food were imported in ASEAN; surging by 8.4% against 2020 figures. Overall, imports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2015 when imports increased by 29% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, dog and cat food imports rose sharply to $X in 2021. In general, imports posted a resilient increase. The most prominent rate of growth was recorded in 2013 when imports increased by 23% against the previous year. The level of import peaked in 2021 and is likely to continue growth in the near future.

Imports by Country

The Philippines (X tons) and Indonesia (X tons) represented roughly 62% of total imports in 2021. Malaysia (X tons) held a 16% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (7.8%) and Thailand (5.2%). Singapore (X tons) and Myanmar (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +29.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), Indonesia ($X) and Malaysia ($X) were the countries with the highest levels of imports in 2021, with a combined 69% share of total imports.

Among the main importing countries, the Philippines, with a CAGR of +28.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2021, rising by 4% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 12%. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+4.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform