Asia: Market for Dog And Cat Food 2024

Market Size for Dog And Cat Food in Asia

In 2021, the Asian dog and cat food market decreased by -1.6% to $X for the first time since 2016, thus ending a four-year rising trend. The market value increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The level of consumption peaked at $X in 2020, and then fell in the following year.

Production of Dog And Cat Food in Asia

In value terms, dog and cat food production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 14% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then dropped modestly in the following year.

Exports of Dog And Cat Food

Exports in Asia

For the tenth consecutive year, Asia recorded growth in shipments abroad of dog and cat food, which increased by 26% to X tons in 2021. Overall, exports recorded a remarkable increase. 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 soared to $X in 2021. Over the period under review, exports enjoyed prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Thailand represented the major exporter of dog and cat food in Asia, with the volume of exports amounting to X tons, which was near 60% of total exports in 2021. China (X tons) held a 22% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (5.8%). Vietnam (X tons), South Korea (X tons) and Cambodia (X tons) held a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to dog and cat food exports from Thailand stood at +8.5%. At the same time, Turkey (+59.6%), Vietnam (+33.9%), South Korea (+23.0%), Cambodia (+20.2%) and China (+7.5%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +59.6% from 2012-2021. While the share of Turkey (+5.6 p.p.), Vietnam (+3.3 p.p.) and South Korea (+2.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of China (-4.8 p.p.) and Thailand (-7.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), China ($X) and South Korea ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 88% of total exports. These countries were followed by Vietnam, Turkey and Cambodia, which together accounted for a further 5.9%.

Among the main exporting countries, Turkey, with a CAGR of +62.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, remaining stable against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by 4.8%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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 China ($X per ton), while Turkey ($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 Asia

In 2021, the amount of dog and cat food imported in Asia rose markedly to X tons, with an increase of 7.5% against 2020 figures. Total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +83.9% against 2012 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 18%. 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 expanded notably to $X in 2021. Over the period under review, imports recorded a buoyant increase. The pace of growth was the most pronounced in 2020 with an increase of 25% against the previous year. The level of import peaked in 2021 and is likely to continue growth in years to come.

Imports by Country

In 2021, Japan (X tons), the Philippines (X tons), Indonesia (X tons), China (X tons), Turkey (X tons), Taiwan (Chinese) (X tons), Malaysia (X tons), South Korea (X tons), Israel (X tons), India (X tons), Kazakhstan (X tons) and Hong Kong SAR (X tons) was the largest importer of dog and cat food in Asia, achieving 83% of total import.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +38.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest dog and cat food importing markets in Asia were Japan ($X), China ($X) and South Korea ($X), together comprising 49% of total imports.

Among the main importing countries, China, with a CAGR of +56.6%, 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.

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, approximately mirroring the previous year. Over the last nine-year period, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2019 an increase of 12% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+13.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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