Did You Know? Thailand's vibrant pet food industry ranks as the 4th largest exporter globally and leads in ASEAN

     Thailand has emerged as the world's 4th largest exporter of pet food, leading the ASEAN region and following the European Union, United States, and China. Over the past 10 years (2012-2021), the global market for pet food exports has continuously grown, averaging 1,522 million US dollars per year and increasing at an average rate of 13% per year.

     According to data from the Department of International Trade Promotion, Ministry of Commerce, the export of Thai pet food to the global market in 2021 was valued at 2,847 million US dollars, an increase of 15% compared to the same period of the previous year. Notably, the markets showing significant growth were the United States (up 30%), ASEAN (up 12%), European Union (up 17%), and Australia (up 22%).

     Significant pet food products exported include food for dogs and cats, which account for 86% of total pet food exports, while other types of pet food account for the remaining 13%.

     At present, 15 of Thailand's Free Trade Agreement (FTA) partners, including ASEAN, China, Australia, New Zealand, Chile, Peru, and Hong Kong, have eliminated import taxes on all types of Thai pet food products. Only three countries, namely Japan, South Korea, and India, still impose import taxes on some products, with Japan taxing supplementary pet food at 12.8%, South Korea at 40.4%, and India taxing other types of pet food (excluding dogs and cats) at 30%.

     As for the RCEP agreement, South Korea will gradually reduce import taxes on supplementary pet food from Thailand to 0% by the year 2036.

 

Source: Department of Trade Negotiations, Ministry of Commerce

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