Thailand: Market for Dog And Cat Food 2025

Market Size for Dog And Cat Food in Thailand

In 2021, the Thai dog and cat food market decreased by -21.1% to $X for the first time since 2016, thus ending a four-year rising trend. In general, consumption continues to indicate a slight downturn. As a result, consumption attained the peak level of $X, and then declined significantly in the following year.

Production of Dog And Cat Food in Thailand

In value terms, dog and cat food production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 29%. As a result, production attained the peak level of $X, and then shrank in the following year.

Exports of Dog And Cat Food

Exports from Thailand

In 2021, the amount of dog and cat food exported from Thailand soared to X tons, rising by 18% compared with 2020. Overall, total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +8.5% 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 +108.3% against 2012 indices. As a result, the exports attained 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. In general, exports enjoyed resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), Japan (X tons) and Malaysia (X tons) were the main destinations of dog and cat food exports from Thailand, together accounting for 47% of total exports. The Philippines, Indonesia, Australia, India, Taiwan (Chinese), Italy, Germany, China, Vietnam and the UK lagged somewhat behind, together comprising a further 41%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +43.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for dog and cat food exports from Thailand, comprising 30% of total exports. The second position in the ranking was taken by Japan ($X), with a 15% share of total exports. It was followed by Malaysia, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +17.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-0.5% per year) and Malaysia (+13.2% per year).

Export Prices by Country

The average dog and cat food export price stood at $X per ton in 2021, with an increase of 4.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2020 an increase of 8.7% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Dog And Cat Food

Imports into Thailand

Dog and cat food imports into Thailand expanded significantly to X tons in 2021, growing by 10% on 2020. Over the period under review, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +8.0% 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 +99.1% against 2012 indices. The growth pace was the most rapid in 2014 with an increase of 17% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, dog and cat food imports soared to $X in 2021. In general, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.3% 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 +32.1% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 33% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

South Korea (X tons), the United States (X tons) and France (X tons) were the main suppliers of dog and cat food imports to Thailand, together accounting for 69% of total imports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +313.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest dog and cat food suppliers to Thailand were South Korea ($X), China ($X) and the United States ($X), with a combined 74% share of total imports.

South Korea, with a CAGR of +278.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average dog and cat food import price amounted to $X per ton, growing by 9.5% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 27% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for Australia ($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 (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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