The pet food export from Taiwan to China has shown significant growth over the years, especially from 2016 onwards. In 2023, the volume stood at 768 Unit Metric Tons. The years 2022 and 2023 saw substantial increases of 36.02% and 26.32%, respectively. From 2019 to 2023, the Compound Annual Growth Rate (CAGR) was 27.94%, indicating a steady upward trend. The forecasted period from 2024 to 2028 anticipates a CAGR of 9.49% with a forecasted 57.35% growth rate over these five years.
Future trends to watch for:
- Potential impact of policy changes in both Taiwan and China.
- Shifts in consumer preferences and demand in the pet food market.
- Global market conditions that could affect supply chains and pricing.
- Innovation and new product development in the pet food industry.
