China: Market for Dog And Cat Food 2024

Market Size for Dog And Cat Food in China

The Chinese dog and cat food market declined modestly to $X in 2023, remaining stable against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Dog and cat food consumption peaked at $X in 2020; however, from 2021 to 2023, consumption remained at a lower figure.

Production of Dog And Cat Food in China

In value terms, dog and cat food production fell to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Dog and cat food production peaked at $X in 2020; however, from 2021 to 2023, production remained at a lower figure.

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Exports of Dog And Cat Food

Exports from China

After seven years of growth, shipments abroad of dog and cat food decreased by X% to X tons in 2023. Overall, exports, however, recorded a strong expansion. The growth pace was the most rapid in 2021 with an increase of X%. The exports peaked at X tons in 2022, and then reduced modestly in the following year.

In value terms, dog and cat food exports reduced modestly to $X in 2023. In general, total exports indicated a measured expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked at $X in 2022, and then dropped in the following year.

Exports by Country

Indonesia (X tons), the Philippines (X tons) and the United States (X tons) were the main destinations of dog and cat food exports from China, with a combined X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for the Philippines (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Japan ($X) appeared to be the largest markets for dog and cat food exported from China worldwide, together accounting for X% of total exports. South Korea, the UK, the Netherlands, Indonesia, the Philippines, Thailand, Russia, Canada, Sweden and Malaysia lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Indonesia, with a CAGR of X%, saw 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 average dog and cat food export price stood at $X per ton in 2023, almost unchanged from the previous year. Over the period under review, the export price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Dog And Cat Food

Imports into China

In 2023, the amount of dog and cat food imported into China shrank rapidly to X tons, which is down by X% compared with 2022 figures. Overall, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2023, imports remained at a lower figure.

In value terms, dog and cat food imports declined to $X in 2023. In general, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2017 when imports increased by X%. Imports peaked at $X in 2022, and then shrank in the following year.

Imports by Country

In 2023, the United States (X tons) constituted the largest supplier of dog and cat food to China, accounting for a X% share of total imports. Moreover, dog and cat food imports from the United States exceeded the figures recorded by the second-largest supplier, Canada (X tons), sixfold. Thailand (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and Thailand (X% per year).

In value terms, the United States ($X) constituted the largest supplier of dog and cat food to China, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with a X% share of total imports. It was followed by Thailand, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and Thailand (X% per year).

Import Prices by Country

The average dog and cat food import price stood at $X per ton in 2023, surging by X% against the previous year. Over the period under review, the import price recorded prominent growth. The pace of growth was the most pronounced in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform