GCC: Market for Dog And Cat Food 2024

Market Size for Dog And Cat Food in GCC

The GCC dog and cat food market reduced to $X in 2021, with a decrease of -11.8% against the previous year. The total consumption indicated a buoyant increase 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, consumption increased by +70.7% against 2012 indices. As a result, consumption attained the peak level of $X, and then declined in the following year.

Production of Dog And Cat Food in GCC

In value terms, dog and cat food production contracted to $X in 2021 estimated in export price. The total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +73.1% against 2012 indices. The growth pace was the most rapid in 2020 with an increase of 31%. As a result, production attained the peak level of $X, and then reduced in the following year.

Exports of Dog And Cat Food

Exports in GCC

In 2021, approx. X tons of dog and cat food were exported in GCC; remaining stable against the previous year's figure. Over the period under review, exports saw a resilient expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 563%. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, dog and cat food exports expanded notably to $X in 2021. Overall, exports saw a significant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 370% against the previous year. The level of export peaked in 2021 and is likely to continue growth in years to come.

Exports by Country

The United Arab Emirates dominates exports structure, accounting for X tons, which was approx. 92% of total exports in 2021. It was distantly followed by Oman (X tons), making up a 6.3% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to dog and cat food exports from the United Arab Emirates stood at +15.8%. At the same time, Oman (+47.6%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +47.6% from 2012-2021. Oman (+5.5 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -5.2% from 2012 to 2021, respectively.

In value terms, the United Arab Emirates ($X) remains the largest dog and cat food supplier in GCC, comprising 95% of total exports. The second position in the ranking was taken by Oman ($X), with a 3.7% share of total exports.

In the United Arab Emirates, dog and cat food exports increased at an average annual rate of +32.1% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in GCC amounted to $X per ton, surging by 5.6% against the previous year. Overall, the export price recorded a strong increase. The growth pace was the most rapid in 2018 when the export price increased by 85% against the previous year. Over the period under review, the export prices hit record highs 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 the United Arab Emirates ($X per ton), while Oman totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+14.1%).

Imports of Dog And Cat Food

Imports in GCC

In 2021, after nine years of growth, there was significant decline in overseas purchases of dog and cat food, when their volume decreased by -16.1% to X tons. Over the period under review, imports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 37% against the previous year. As a result, imports attained the peak of X tons, and then contracted markedly in the following year.

In value terms, dog and cat food imports shrank to $X in 2021. Overall, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 39% against the previous year. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

In 2021, Saudi Arabia (X tons), distantly followed by the United Arab Emirates (X tons), Qatar (X tons), Kuwait (X tons), Oman (X tons) and Bahrain (X tons) were the major importers of dog and cat food, together generating 99.9% of total imports.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +20.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported dog and cat food in GCC, comprising 48% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 21% share of total imports. It was followed by Qatar, with a 13% share.

In Saudi Arabia, dog and cat food imports increased at an average annual rate of +24.6% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+2.5% per year) and Qatar (+20.0% per year).

Import Prices by Country

In 2021, the import price in GCC amounted to $X per ton, rising by 7.6% against the previous year. Over the last nine years, it increased at an average annual rate of +3.0%. The growth pace was the most rapid in 2013 when the import price increased by 13% against the previous year. Over the period under review, import prices reached the maximum in 2021 and is likely to see gradual growth in years to come.

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 Qatar ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+6.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform