Key Market Indicators
**Australian Pet Food Export Decline Expected by 2028** Australia's pet food export market is projected to experience a significant decline by 2028. The volume is anticipated to drop to approximately 5.5 million kilograms, down from 39.2 million kilograms in 2023. This marks a substantial yearly decrease of nearly 30%. Since 1993, Australian pet food exports have been steadily falling at an average annual rate of around 12%. In 2023, Australia ranked 24th in the global market, with Portugal surpassing the country by exporting 39.2 million kilograms. France, the United States, and Poland secured the 2nd, 3rd, and 4th spots respectively in the same ranking. **Increasing Demand for Imported Pet Food** Contrasting with the decline in exports, the demand for imported pet food in Australia is on the rise. By 2028, imports are expected to reach about 163.4 million kilograms, up from 144.9 million kilograms in 2023. This represents an average annual growth rate of nearly 2%. Since 1993, the country's pet food import demand has been increasing at an average rate of 1.4% per year. This growing demand underscores a significant shift in the Australian pet food market, reflecting changing consumer preferences and possibly domestic production challenges.
