South-Eastern Asia: Market for Dog And Cat Food 2024

Market Size for Dog And Cat Food in South-Eastern Asia

After four years of growth, the Southeast Asian dog and cat food market decreased by -7.3% to $X in 2021. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when the market value increased by 9.1%. As a result, consumption reached the peak level of $X, and then declined in the following year.

Production of Dog And Cat Food in South-Eastern Asia

In value terms, dog and cat food production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 13% against the previous year. As a result, production reached the peak level of $X, and then reduced in the following year.

Exports of Dog And Cat Food

Exports in South-Eastern Asia

For the tenth year in a row, South-Eastern Asia recorded growth in overseas shipments of dog and cat food, which increased by 20% to X tons in 2021. Total exports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +9.4% 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 +125.2% against 2012 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 soared to $X in 2021. Overall, exports enjoyed a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Thailand dominates exports structure, recording X tons, which was approx. 90% of total exports in 2021. It was distantly followed by Vietnam (X tons), mixing up a 6% share of total exports. Cambodia (X tons) followed a long way behind the leaders.

Exports from Thailand increased at an average annual rate of +8.5% from 2012 to 2021. At the same time, Vietnam (+33.9%) and Cambodia (+20.2%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +33.9% from 2012-2021. Vietnam (+5 p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by -7.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest dog and cat food supplier in South-Eastern Asia, comprising 93% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 4.4% share of total exports.

In Thailand, dog and cat food exports expanded at an average annual rate of +10.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Vietnam (+37.2% per year) and Cambodia (+26.4% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, rising by 4.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2020 when the export price increased by 8.8%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cambodia (+5.1%), while the other leaders experienced more modest paces of growth.

Imports of Dog And Cat Food

Imports in South-Eastern Asia

In 2021, dog and cat food imports in South-Eastern Asia stood at X tons, growing by 8.4% against 2020 figures. Overall, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2015 when imports increased by 29%. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, dog and cat food imports expanded significantly to $X in 2021. In general, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 23% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

The Philippines (X tons) and Indonesia (X tons) represented roughly 62% of total imports in 2021. Malaysia (X tons) took a 16% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (7.8%) and Thailand (5.2%). The following importers - Singapore (X tons) and Myanmar (X tons) - together made up 5.7% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Philippines (with a CAGR of +29.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest dog and cat food importing markets in South-Eastern Asia were the Philippines ($X), Indonesia ($X) and Malaysia ($X), with a combined 69% share of total imports.

In terms of the main importing countries, the Philippines, with a CAGR of +28.5%, recorded the highest rates of growth with regard to 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 South-Eastern Asia amounted to $X per ton, growing by 4% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 12% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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 Singapore ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+4.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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