Latin America and the Caribbean: Market for Dog And Cat Food 2024

Market Size for Dog And Cat Food in Latin America and the Caribbean

The Latin American dog and cat food market fell to $X in 2021, with a decrease of -4.2% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2020, and then shrank slightly in the following year.

Production of Dog And Cat Food in Latin America and the Caribbean

In value terms, dog and cat food production reduced to $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 15% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then declined in the following year.

Exports of Dog And Cat Food

Exports in Latin America and the Caribbean

In 2021, overseas shipments of dog and cat food increased by 34% to X tons, rising for the second consecutive year after two years of decline. Total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +6.5% 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 +53.7% against 2019 indices. 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 surged to $X in 2021. Total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.8% 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 +65.8% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Argentina (X tons), distantly followed by Brazil (X tons), Honduras (X tons), Mexico (X tons) and Guatemala (X tons) represented the largest exporters of dog and cat food, together creating 86% of total exports. The following exporters - El Salvador (X tons) and Costa Rica (X tons) - each resulted at a 7.9% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Guatemala (with a CAGR of +23.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest dog and cat food supplying countries in Latin America and the Caribbean were Argentina ($X), Brazil ($X) and Honduras ($X), with a combined 62% share of total exports. Mexico, Guatemala, Costa Rica and El Salvador lagged somewhat behind, together comprising a further 28%.

Among the main exporting countries, Guatemala, with a CAGR of +27.1%, recorded the highest growth rate of the value of exports, 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 Latin America and the Caribbean stood at $X per ton in 2021, growing by 11% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

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 Brazil ($X per ton), while El Salvador ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guatemala (+2.9%), while the other leaders experienced more modest paces of growth.

Imports of Dog And Cat Food

Imports in Latin America and the Caribbean

Dog and cat food imports skyrocketed to X tons in 2021, rising by 21% against the previous year. Total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +8.9% 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 +114.8% against 2012 indices. 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 skyrocketed to $X in 2021. Over the period under review, imports posted a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Chile (X tons), distantly followed by Mexico (X tons), Panama (X tons), Uruguay (X tons), Costa Rica (X tons), El Salvador (X tons), Guatemala (X tons), Honduras (X tons), Peru (X tons) and Nicaragua (X tons) represented the main importers of dog and cat food, together comprising 79% of total imports. Colombia (X tons), Bolivia (X tons) and the Dominican Republic (X tons) followed a long way behind the leaders.

Imports into Chile increased at an average annual rate of +6.7% from 2012 to 2021. At the same time, Panama (+94.7%), El Salvador (+14.1%), the Dominican Republic (+13.8%), Colombia (+13.4%), Costa Rica (+12.6%), Honduras (+12.5%), Bolivia (+11.9%), Guatemala (+11.7%), Peru (+10.1%), Nicaragua (+8.1%), Uruguay (+7.8%) and Mexico (+4.7%) displayed positive paces of growth. Moreover, Panama emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +94.7% from 2012-2021. Panama (+7.4 p.p.), El Salvador (+2.1 p.p.) and Costa Rica (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Mexico and Chile saw its share reduced by -4% and -4.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X), Mexico ($X) and Panama ($X) constituted the countries with the highest levels of imports in 2021, with a combined 46% share of total imports.

Panama, with a CAGR of +89.4%, saw the highest rates of growth with regard to the value of imports, among 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 Latin America and the Caribbean amounted to $X per ton, surging by 11% against the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($X per ton), while Nicaragua ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+3.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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