Eastern Asia: Market for Dog And Cat Food 2024

Market Size for Dog And Cat Food in Eastern Asia

In 2021, the East Asian dog and cat food market decreased by -0.1% to $X, falling for the second year in a row after three years of growth. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Dog And Cat Food in Eastern Asia

In value terms, dog and cat food production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 17% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Dog And Cat Food

Exports in Eastern Asia

In 2021, approx. X tons of dog and cat food were exported in Eastern Asia; rising by 26% compared with the previous year's figure. Overall, exports showed prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 30% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, dog and cat food exports skyrocketed to $X in 2021. Total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +100.7% against 2015 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 21%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

In 2021, China (X tons) represented the main exporter of dog and cat food, generating 82% of total exports. It was distantly followed by South Korea (X tons), committing a 12% share of total exports. Hong Kong SAR (X tons) took a relatively small share of total exports.

Exports from China increased at an average annual rate of +7.5% from 2012 to 2021. At the same time, South Korea (+23.0%) and Hong Kong SAR (+4.4%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +23.0% from 2012-2021. South Korea (+8.3 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -8.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest dog and cat food supplier in Eastern Asia, comprising 85% of total exports. The second position in the ranking was taken by South Korea ($X), with a 6.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China totaled +4.3%. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (+22.7% per year) and Hong Kong SAR (+17.6% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, with a decrease of -5.9% against the previous year. Over the period under review, the export price continues to indicate a perceptible downturn. The pace of growth was the most pronounced in 2013 an increase of 3%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+12.6%), while the other leaders experienced a decline in the export price figures.

Imports of Dog And Cat Food

Imports in Eastern Asia

In 2021, the amount of dog and cat food imported in Eastern Asia fell slightly to X tons, remaining stable against 2020. The total import volume increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 15%. As a result, imports attained the peak of X tons, and then fell in the following year.

In value terms, dog and cat food imports rose slightly to $X in 2021. Total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.1% 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 +82.7% against 2015 indices. The growth pace was the most rapid in 2020 when imports increased by 28%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

Japan was the key importer of dog and cat food in Eastern Asia, with the volume of imports amounting to X tons, which was approx. 45% of total imports in 2021. It was distantly followed by China (X tons), Taiwan (Chinese) (X tons), South Korea (X tons) and Hong Kong SAR (X tons), together creating a 55% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to dog and cat food imports into Japan stood at -3.3%. At the same time, China (+38.4%), Taiwan (Chinese) (+3.4%) and South Korea (+3.2%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +38.4% from 2012-2021. Hong Kong SAR experienced a relatively flat trend pattern. From 2012 to 2021, the share of China, Taiwan (Chinese) and South Korea increased by +18, +2.6 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X), China ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 82% share 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

In 2021, the import price in Eastern Asia amounted to $X per ton, growing by 3.1% against the previous year. Import price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, dog and cat food import price increased by +57.2% against 2016 indices. The pace of growth appeared the most rapid in 2019 when the import price increased by 18%. The level of import peaked in 2021 and is likely to see gradual growth in the near future.

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