Republic of Korea - Dog And Cat Food - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Dog and Cat Food in South Korea - 2022
Contents:
- Price for Dog and Cat Food in South Korea (CIF) - 2022
- Price for Dog and Cat Food in South Korea (FOB) - 2022
- Imports of Dog and Cat Food in South Korea
- Exports of Dog and Cat Food in South Korea
Price for Dog and Cat Food in South Korea (CIF) - 2022
The average dog and cat food import price stood at $5,006 per ton in December 2022, rising by 7.8% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in May 2022 when the average import price increased by 11% against the previous month. As a result, import price attained the peak level of $5,386 per ton. From June 2022 to December 2022, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($6,431 per ton), while the price for Austria ($3,350 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Australia (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Dog and Cat Food in South Korea (FOB) - 2022
The average dog and cat food export price stood at $2,459 per ton in December 2022, rising by 8% against the previous month. In general, the export price recorded a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $2,702 per ton in February 2022; however, from March 2022 to December 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In December 2022, the country with the highest price was Taiwan (Chinese) ($3,568 per ton), while the average price for exports to Vietnam ($1,613 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Dog and Cat Food in South Korea
In 2022, after three years of growth, there was decline in purchases abroad of dog and cat food, when their volume decreased by -4.2% to 62K tons. The total import volume increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 9.2%. As a result, imports attained the peak of 65K tons, and then shrank modestly in the following year.
In value terms, dog and cat food imports fell to $290M in 2022. The total import value increased at an average annual rate of +6.2% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 14% against the previous year. As a result, imports attained the peak of $308M, and then contracted in the following year.
| Import of Dog and Cat Food in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 73.1 | 84.0 | 89.1 | 83.4 | 4.5% |
| United States | 55.1 | 61.0 | 63.7 | 59.6 | 2.7% |
| Thailand | 26.9 | 33.0 | 39.6 | 37.0 | 11.2% |
| Canada | 18.7 | 18.1 | 26.6 | 24.9 | 10.0% |
| Japan | 15.5 | 18.2 | 21.0 | 19.6 | 8.1% |
| France | 14.7 | 10.0 | 11.3 | 11.0 | -9.2% |
| Australia | 8.1 | 9.3 | 10.4 | 9.7 | 6.2% |
| Others | 30.0 | 37.0 | 46.9 | 44.2 | 13.8% |
| Total | 242 | 271 | 308 | 290 | 6.2% |
Top Suppliers of Dog and Cat Food to South Korea in 2022:
- United States (17.5K tons)
- China (12.7K tons)
- Thailand (9.2K tons)
- Canada (6.2K tons)
- France (3.8K tons)
- Australia (3.5K tons)
- Japan (1.6K tons)
Exports of Dog and Cat Food in South Korea
In 2022, shipments abroad of dog and cat food decreased by -17.7% to 32K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 93% against the previous year.
In value terms, dog and cat food exports fell remarkably to $84M in 2022. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 83%.
| Export of Dog and Cat Food in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 23.1 | 24.5 | 31.1 | 30.5 | 9.7% |
| Thailand | 4.4 | 17.8 | 18.8 | 18.5 | 61.4% |
| Vietnam | 2.4 | 5.7 | 10.3 | 10.1 | 61.4% |
| Taiwan (Chinese) | 1.2 | 1.7 | 9.9 | 9.7 | 100.7% |
| Hong Kong SAR | 1.9 | 5.0 | 5.8 | 5.7 | 44.2% |
| New Zealand | N/A | 1.0 | 2.7 | 2.7 | 64.3% |
| Malaysia | 1.9 | 1.9 | 2.2 | 2.2 | 5.0% |
| Indonesia | 0.7 | 1.1 | 1.4 | 1.4 | 26.0% |
| Australia | N/A | 7.2 | 14.7 | N/A | 104.2% |
| Others | 1.1 | 1.5 | 3.0 | 2.9 | 38.1% |
| Total | 36.8 | 67.5 | 99.9 | 83.7 | 31.5% |
Top Export Markets for Dog and Cat Food from South Korea in 2022:
- Japan (12.0K tons)
- Thailand (6.5K tons)
- Vietnam (5.9K tons)
- Taiwan (Chinese) (2.9K tons)
- Hong Kong SAR (1.8K tons)
- Malaysia (0.9K tons)
- New Zealand (0.9K tons)
- Indonesia (0.8K tons)
This report provides an in-depth analysis of the market for dog and cat food in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10921030 - Dog or cat food, p.r.s.
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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