The Thai authorities is urging native pet meals corporations to do extra enterprise with Taiwan and Japan which, as export locations, provide two benefits: shut proximity and considerable demand.
The renewed curiosity in Taiwan got here after the Ministry of Commerce and over a dozen Thai companies had a fruitful time on the Taipei Pets Present from July 5-8, 2024. The Thai delegation managed to bag over $2.5 million orders from 200 importers that embody shops and huge retail outlets in Taiwan, the ministry stated.
Final yr, Thailand exported US$87.18 million price of pet meals to Taiwan which interprets to 33.05% of complete pet meals imports, making them the island-state’s No. 1 exporter of canine and cat meals. The ministry believes they will additional enhance the export worth of Thai pet meals, pet snacks and different life-style pet merchandise to Taiwan within the coming months.
Equally, Thai pet meals makers are being requested to extend their export actions for the Japanese market, notably for cat meals. This newest commerce advisory got here from the Thai Division of Worldwide Commerce Promotion (DITP) based mostly in Hiroshima, after noticing the dramatic shift in market measurement between pet food and cat meals in Japan during the last couple of years.
Phannee Suwanpinton, chief of the DITP Hiroshima workplace, stated cats have develop into the favourite family pets in Japan for a decade now. Final yr, Japan saved about 9 million pet cats and 6.8 million pet canine. The pet possession charge is decrease than different progressive international locations, however Phannee assured Thai companies that the Japanese are very prepared to spend so much on their pets, making Japan a aggressive and considerable market.
Thailand is now the third largest exporter of canine and cat meals to Japan. Japan can be Thailand’s second largest pet meals export market valued at US$330 million final yr.
The Thai authorities’s name for extra pet-related export actions to Taiwan and Japan is directed to the group of 5,009 registered pet companies within the nation with a collective capital of just about 100 billion baht (US$27.5 billion). Inside this group, 2,138 are registered pet meals producers, pet care and repair corporations.
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