Bangladesh: Market for Dog And Cat Food 2024

Market Size for Dog And Cat Food in Bangladesh

The Bangladeshi dog and cat food market declined to $X in 2021, which is down by -9.9% against the previous year. Over the period under review, consumption continues to indicate a slight slump. Dog and cat food consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Dog And Cat Food in Bangladesh

In value terms, dog and cat food production reduced to $X in 2021 estimated in export price. Over the period under review, production saw a mild decline. The growth pace was the most rapid in 2020 when the production volume increased by 25%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Dog And Cat Food

Exports from Bangladesh

In 2021, after three years of growth, there was significant decline in shipments abroad of dog and cat food, when their volume decreased by -39.7% to X tons. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 292%. Over the period under review, the exports hit record highs at X tons in 2020, and then fell markedly in the following year.

In value terms, dog and cat food exports contracted notably to $X in 2021. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 301%. The exports peaked at $X in 2020, and then contracted significantly in the following year.

Exports by Country

The United States (X tons) was the main destination for dog and cat food exports from Bangladesh, with a 94% share of total exports. Moreover, dog and cat food exports to the United States exceeded the volume sent to the second major destination, Canada (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +59.2%.

In value terms, the United States ($X) remains the key foreign market for dog and cat food exports from Bangladesh, comprising 95% of total exports. The second position in the ranking was held by Canada ($X), with a 4.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +49.3%.

Export Prices by Country

The average dog and cat food export price stood at $X per ton in 2021, which is down by -19.6% against the previous year. In general, the export price showed a noticeable decrease. The pace of growth was the most pronounced in 2019 an increase of 12% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Canada stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+1.1%).

Imports of Dog And Cat Food

Imports into Bangladesh

In 2021, after five years of growth, there was significant decline in purchases abroad of dog and cat food, when their volume decreased by -28.2% to X tons. In general, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2016 when imports increased by 495%. Over the period under review, imports attained the peak figure at X tons in 2020, and then dropped sharply in the following year.

In value terms, dog and cat food imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 233%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of dog and cat food to Bangladesh, accounting for a 47% share of total imports. Moreover, dog and cat food imports from the United States exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fivefold. Thailand (X tons) ranked third in terms of total imports with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +136.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+106.1% per year) and Thailand (+51.1% per year).

In value terms, the United States ($X) constituted the largest supplier of dog and cat food to Bangladesh, comprising 28% of total imports. The second position in the ranking was held by Malaysia ($X), with a 12% share of total imports. It was followed by Turkey, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +114.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+21.7% per year) and Turkey (+122.1% per year).

Import Prices by Country

In 2021, the average dog and cat food import price amounted to $X per ton, growing by 79% against the previous year. In general, the import price saw a temperate expansion. 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 supplying countries. In 2021, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Latvia (+66.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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