In current Worldwide Agriculture Commerce Stories, the U.S. Division of Agriculture’s (USDA) International Agriculture Service made particular point out of pet meals as a high-potential agricultural export for 3 international locations: Spain, Portugal and Taiwan. Spain is the third largest European Union (EU) vacation spot for U.S. agricultural exports, with Portugal rating 11th, whereas Taiwan is the seventh largest vacation spot for U.S. agricultural exports globally.
Extra premium pet meals merchandise for Spain
When it comes to canine and cat meals, the USDA report famous that Spain has seen constant development in its import demand during the last 5 years, with imports valued at US$511 million in 2021, up 27% from 2020. The U.S. is among the many prime exporters of pet meals to Spain already, alongside different EU international locations and Canada.
The Spanish pet inhabitants continues to develop, with 28 million registered pets presently; it’s fifth within the EU by way of pet populations. USDA seeks to focus on extra premium classes of pet meals and pet care merchandise, because the Spanish inhabitants turns into extra conscious of their pets’ dietary wants.
US pet meals imports rising in worth in Portugal
Portugal is a web importer of pet meals (valued at US$243 million in 2021) for its 2.1 million canine and 1.5 million cat populations, receiving the lion’s share (64%) from Spain. The U.S. has a market share of two% within the Portuguese import market, at a worth of US$5.3 million in 2022. This has greater than doubled since 2017, when the U.S. canine and cat meals share was valued at solely US$2 million.
Whereas the U.S. faces stiff competitors within the Portuguese import market from EU international locations, one other level to think about is the rising native pet meals trade. In 2020, the highest 9 Portuguese pet meals producers had mixed annual gross sales of US$61.3 million, up 470% from a decade prior. Native manufacturing now represents 20% of the Portuguese pet meals market. USDA’s report emphasised the profit to U.S. exporters of premiumization and innovation from their manufacturers and personal labels.
Taiwan pet meals importers ought to concentrate on premium components
Taiwan stays one of many steadfast commerce companions for the U.S. and an necessary marketplace for consideration by pet meals exporters. With a strong and extremely diversified economic system, Taiwan didn’t see important affect from the COVID-19 pandemic by way of its imports in meals and agricultural merchandise classes. USDA famous that general agricultural imports symbolize nearly 50% of the U.S. market share in Taiwan, indicating that U.S. exporters have a chance to proceed exploring high-value client items within the Taiwanese economic system.
For U.S.-based pet meals producers, the report indicated the Taiwanese pet meals market is to rise to US$1 billion in 2022, with a concentrate on industrial pet meals and using human-grade, premium components. Taiwanese canine and cat meals imports stood at US$226.4 million in 2021, greater than doubling in a decade, at a constant development price of 8.5% yearly.
Sipra is a researcher and author. He writes and evaluations local weather, setting, enterprise and administration articles for educational and trade publications, similar to GreenBiz.
