Key Market Indicators
Brazil's pet food imports are projected to decline over the next five years, dropping from approximately 2.5 million kilograms in 2023 to around 2.2 million kilograms by 2028. This represents an average annual decrease of 2.4%. The trend of declining demand has been ongoing since 1994, with a year-on-year reduction of 4.2%. In contrast, Brazil's pet food exports are expected to rise significantly. By 2028, exports are anticipated to reach about 61 million kilograms, up from nearly 53 million kilograms in 2023. This marks an average annual growth rate of 2.4%, continuing a positive trend seen since 1994, where supply increased by 5.2% year on year. In the global market, Brazil ranked 22nd in pet food exports in 2023. Russia led with nearly 53 million kilograms, while France, the United States, and Poland occupied the second, third, and fourth spots, respectively.
