Asia-Pacific: Market for Dog And Cat Food 2024

Market Size for Dog And Cat Food in Asia-Pacific

In 2021, after four years of growth, there was decline in the Asia-Pacific dog and cat food market, when its value decreased by -1.5% to $X. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020, and then declined slightly in the following year.

Production of Dog And Cat Food in Asia-Pacific

In value terms, dog and cat food production shrank 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 somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 15%. Over the period under review, production hit record highs at $X in 2020, and then shrank modestly in the following year.

Exports of Dog And Cat Food

Exports in Asia-Pacific

Dog and cat food exports surged to X tons in 2021, increasing by 24% compared with the year before. Total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +7.9% 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 +98.1% 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. Overall, exports posted a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Thailand (X tons) represented the major exporter of dog and cat food, making up 57% of total exports. It was distantly followed by China (X tons) and Australia (X tons), together comprising a 29% share of total exports. The following exporters - Vietnam (X tons), New Zealand (X tons), South Korea (X tons) and Cambodia (X tons) - together made up 12% 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, Vietnam (+33.9%), South Korea (+23.0%), Cambodia (+20.2%), New Zealand (+7.8%) and China (+7.5%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +33.9% from 2012-2021. Australia experienced a relatively flat trend pattern. Vietnam (+3.2 p.p.), Thailand (+2.8 p.p.) and South Korea (+2.1 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest dog and cat food supplying countries in Asia-Pacific were Thailand ($X), China ($X) and New Zealand ($X), together comprising 85% of total exports. Australia, South Korea, Vietnam and Cambodia lagged somewhat behind, together accounting for a further 10%.

Vietnam, with a CAGR of +37.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries 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-Pacific stood at $X per ton in 2021, growing by 3.3% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by 6%. The level of export peaked in 2021 and is likely to see gradual growth in the near future.

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 New Zealand ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+12.0%), while the other leaders experienced more modest paces of growth.

Imports of Dog And Cat Food

Imports in Asia-Pacific

In 2021, approx. X tons of dog and cat food were imported in Asia-Pacific; growing by 6.8% on the previous year. Total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +5.9% 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 +68.1% against 2012 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 14% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, dog and cat food imports totaled $X in 2021. In general, imports recorded a resilient expansion. The growth pace was the most rapid in 2020 with an increase of 22% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

The purchases of the twelve major importers of dog and cat food, namely Japan, the Philippines, Australia, Indonesia, China, New Zealand, Taiwan (Chinese), Malaysia, South Korea, India, Hong Kong SAR and Vietnam, represented more than two-thirds of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by China (with a CAGR of +38.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest dog and cat food importing markets in Asia-Pacific were Japan ($X), China ($X) and Australia ($X), together comprising 50% of total imports.

China, with a CAGR of +56.6%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, rising by 3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2019 when the import price increased by 11% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

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

Frequently Asked Questions (FAQ) :