Southern Asia: Market for Dog And Cat Food 2024

Market Size for Dog And Cat Food in Southern Asia

After five years of growth, the South Asian dog and cat food market decreased by -4% to $X in 2021. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2020, and then fell in the following year.

Production of Dog And Cat Food in Southern Asia

In value terms, dog and cat food production fell slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.7% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 24% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then dropped in the following year.

Exports of Dog And Cat Food

Exports in Southern Asia

In 2021, approx. X tons of dog and cat food were exported in Southern Asia; jumping by 33% against the previous year's figure. Total exports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +49.6% against 2017 indices. The pace of growth appeared the most rapid in 2015 with an increase of 37%. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, dog and cat food exports surged to $X in 2021. Overall, exports enjoyed a resilient expansion. The growth pace was the most rapid in 2013 when exports increased by 47% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.

Exports by Country

India prevails in exports structure, amounting to X tons, which was approx. 93% of total exports in 2021. It was distantly followed by Nepal (X tons), creating a 6.4% share of total exports.

Exports from India increased at an average annual rate of +6.4% from 2012 to 2021. At the same time, Nepal (+30.3%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +30.3% from 2012-2021. From 2012 to 2021, the share of Nepal increased by +5.3 percentage points.

In value terms, India ($X) remains the largest dog and cat food supplier in Southern Asia, comprising 81% of total exports. The second position in the ranking was taken by Nepal ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in India stood at +13.0%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, increasing by 8.9% against the previous year. Export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +7.4% 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 export price increased by +59.0% against 2016 indices. The pace of growth appeared the most rapid in 2013 an increase of 53% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in years to come.

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 Nepal ($X per ton), while India amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+6.2%).

Imports of Dog And Cat Food

Imports in Southern Asia

For the tenth year in a row, Southern Asia recorded growth in overseas purchases of dog and cat food, which increased by 48% to X tons in 2021. In general, imports posted significant growth. As a result, imports attained 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. Overall, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

India dominates imports structure, amounting to X tons, which was near 83% of total imports in 2021. It was distantly followed by Pakistan (X tons), generating a 9.5% share of total imports. Sri Lanka (X tons) and Bangladesh (X tons) followed a long way behind the leaders.

Imports into India increased at an average annual rate of +26.0% from 2012 to 2021. At the same time, Bangladesh (+43.1%), Pakistan (+23.2%) and Sri Lanka (+10.3%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +43.1% from 2012-2021. From 2012 to 2021, the share of India and Bangladesh increased by +8.4 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported dog and cat food in Southern Asia, comprising 89% of total imports. The second position in the ranking was held by Pakistan ($X), with a 3.9% share of total imports. It was followed by Sri Lanka, with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in India stood at +26.6%. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (+30.6% per year) and Sri Lanka (+12.8% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, with an increase of 12% against the previous year. In general, the import price recorded a modest increase. 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 Sri Lanka ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+6.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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