Australia and Oceania: Market for Dog And Cat Food 2024

Market Size for Dog And Cat Food in Australia and Oceania

The dog and cat food market in Australia and Oceania declined to $X in 2021, falling by -6.3% against the previous year. The market value increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2020, and then shrank in the following year.

Production of Dog And Cat Food in Australia and Oceania

In value terms, dog and cat food production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when the production volume increased by 15% against the previous year. As a result, production attained the peak level of $X, and then declined in the following year.

Exports of Dog And Cat Food

Exports in Australia and Oceania

In 2021, dog and cat food exports in Australia and Oceania skyrocketed to X tons, jumping by 48% compared with 2020. The total export volume increased at an average annual rate of +1.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached 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. In general, exports enjoyed strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia was the largest exporting country with an export of around X tons, which reached 72% of total exports. It was distantly followed by New Zealand (X tons), mixing up a 28% share of total exports.

Australia experienced a relatively flat trend pattern with regard to volume of exports of dog and cat food. At the same time, New Zealand (+7.8%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +7.8% from 2012-2021. From 2012 to 2021, the share of New Zealand increased by +12 percentage points.

In value terms, New Zealand ($X) and Australia ($X) were the countries with the highest levels of exports in 2021.

New Zealand, with a CAGR of +20.7%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, with an increase of 26% against the previous year. Over the period under review, the export price posted a resilient increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Australia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+12.0%).

Imports of Dog And Cat Food

Imports in Australia and Oceania

In 2021, dog and cat food imports in Australia and Oceania expanded sharply to X tons, with an increase of 15% against the previous year's figure. The total import volume increased at an average annual rate of +5.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, dog and cat food imports surged to $X in 2021. Total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +90.8% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia represented the key importing country with an import of about X tons, which resulted at 60% of total imports. It was distantly followed by New Zealand (X tons), achieving a 35% share of total imports. New Caledonia (X tons) took a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for New Caledonia (with a CAGR of +13.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) constitutes the largest market for imported dog and cat food in Australia and Oceania, comprising 66% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 31% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia totaled +8.9%. In the other countries, the average annual rates were as follows: New Zealand (+8.3% per year) and New Caledonia (+14.9% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, rising by 13% against the previous year. Over the last nine years, it increased at an average annual rate of +2.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Australia ($X per ton), while New Caledonia ($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 (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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