Australia's export of dog or cat food is projected to see a significant decline in the coming years. In 2023, the export value stood at 32.134 Million Kilograms. The forecasted data indicates a downward trend, with exports decreasing by 21.4% in 2025, 26.6% in 2026, 35.5% in 2027, and a substantial 54.0% drop by 2028. This results in a Compound Annual Growth Rate (CAGR) of -32.6% over the five-year period from 2024 to 2028.
Future trends to watch for include potential changes in global market demand, shifts in trade policies, and competitive pressures from other exporting nations. Additionally, advancements in pet food technology or changes in consumer preferences toward premium or specialized pet foods could also impact the volume of exports. Monitoring these factors will be crucial to understanding the dynamics of Australia’s pet food export market in the coming years.
