The Thai authorities is urging native pet meals corporations to do extra enterprise with Taiwan and Japan which, as export locations, supply two benefits: shut proximity and ample demand.
The renewed curiosity in Taiwan got here after the Ministry of Commerce and over a dozen Thai companies had a fruitful time on the Taipei Pets Present from July 5-8, 2024. The Thai delegation managed to bag over $2.5 million orders from 200 importers that embrace malls and huge retail outlets in Taiwan, the ministry stated.
Final 12 months, Thailand exported US$87.18 million value of pet meals to Taiwan which interprets to 33.05% of whole pet meals imports, making them the island-state’s No. 1 exporter of canine and cat meals. The ministry believes they will additional enhance the export worth of Thai pet meals, pet snacks and different life-style pet merchandise to Taiwan within the coming months.
Equally, Thai pet meals makers are being requested to extend their export actions for the Japanese market, notably for cat meals. This newest commerce advisory got here from the Thai Division of Worldwide Commerce Promotion (DITP) primarily based in Hiroshima, after noticing the dramatic shift in market dimension between pet food and cat meals in Japan during the last couple of years.
Phannee Suwanpinton, chief of the DITP Hiroshima workplace, stated cats have turn into the favourite family pets in Japan for a decade now. Final 12 months, Japan saved about 9 million pet cats and 6.8 million pet canine. The pet possession fee is decrease than different progressive nations, however Phannee assured Thai companies that the Japanese are very prepared to spend so much on their pets, making Japan a aggressive and ample market.
Thailand is now the third largest exporter of canine and cat meals to Japan. Japan can be Thailand’s second greatest pet meals export market valued at US$330 million final 12 months.
The Thai authorities’s name for extra pet-related export actions to Taiwan and Japan is directed to the group of 5,009 registered pet companies within the nation with a collective capital of virtually 100 billion baht (US$27.5 billion). Inside this group, 2,138 are registered pet meals producers, pet care and repair corporations.
