PET Food Processing - September 2021 - 28

REGULATORY
Year
2019
2020
2021
Jan
$292,758
$1,199,161
Source: Trade Data Monitor
As pet ownership
around the world
evolves, US pet
food manufacturers
are poised to
benefit as global
market access and
competitiveness
improve.
©Porcupen - stock.adobe.com
has been driving increased demand for these products.
In February 2020, the AFIA welcomed the US-China
phase one trade agreement, which set into motion a
process that would allow for pet foods containing ruminant
and poultry ingredients to be imported, opening
the market further to US pet food manufacturers.
In the agreement's first year, US pet food exports
jumped 197% over 2019 levels. Export totals from
January through May 2021 alone stood at 445% and
136% more than during the same periods in 2019 and
2020, respectively.
As a part of China's agreement to lift the ruminant
ingredient ban on pet food, the country also consented
to updating its protocol for registering existing facilities
that export non-ruminant pet food and non-ruminant
animal-based feed into the country. China agreed to negotiate
a separate pet food protocol, which was updated
to include ruminant ingredients, that went into force
June 15, 2020.
Moving forward, the United States is still at a disadvantage
in this market due to tariffs put into place on
US imports of pet food. These tariffs were implemented
in response to the Trump administration imposing additional
tariffs on imports from China. Thus far, the Biden
administration has not indicated any interest in lifting
the existing additional tariffs on Chinese imports, leaving
any possibility of the Chinese lifting tariffs on US
28 PET FOOD PROCESSING | September 2021 | www.petfoodprocessing.net
imports remote. The AFIA continues to advocate for the
United States to resolve the tariff dispute with China,
which is inhibiting the United States' ability to truly
compete in the Chinese marketplace.
Vietnam
Vietnam is one of the fastest growing economies in Asia
and, while not a traditional market for pet food, boasts
very real, untapped potential for pet food manufacturers
in the near future.
According to Euromonitor, Vietnam's dog and cat
populations have increased 25% and 37% respectively
between 2016 and 2021. Sales of dog and cat food have
increased 103% in the same timeframe. Rising disposable
incomes and pet owners switching from feeding
table scraps to prepared pet food is leading to these increases
in Vietnam.
The Vietnamese pet food market is where China used
to be not too long ago. At a time where there is minimal
competition and variety in the marketplace, now is
the time for US pet food manufacturers to look toward
Vietnam as a real potential growth opportunity. The
country's love of the American market and products, as
well as positive attitudes toward trade, put US pet food
manufactures in an optimal position to educate on and
market the variety, efficacy, quality and safety of US pet
food products.
US PET FOOD EXPORTS TO CHINA
Mar
US PET FOOD EXPORTS TO CHINA
Feb
Apr
$638,162
$522,321
$603,595
$1,984,960 $2,183,350 $2,495,597
$1,088,558
May
$1,111,857
$1,653,339 $2,473,861 $2,776,342
$7,766,811 $5,933,946
Jan-May
Total
$3,734,930
$8,625,024
$20,364,664
http://www.petfoodprocessing.net

PET Food Processing - September 2021

Table of Contents for the Digital Edition of PET Food Processing - September 2021

PET Food Processing - September 2021 - Intro
PET Food Processing - September 2021 - 1
PET Food Processing - September 2021 - 2
PET Food Processing - September 2021 - 3
PET Food Processing - September 2021 - 4
PET Food Processing - September 2021 - 5
PET Food Processing - September 2021 - 6
PET Food Processing - September 2021 - 7
PET Food Processing - September 2021 - 8
PET Food Processing - September 2021 - 9
PET Food Processing - September 2021 - 10
PET Food Processing - September 2021 - 11
PET Food Processing - September 2021 - 12
PET Food Processing - September 2021 - 13
PET Food Processing - September 2021 - 14
PET Food Processing - September 2021 - 15
PET Food Processing - September 2021 - 16
PET Food Processing - September 2021 - 17
PET Food Processing - September 2021 - 18
PET Food Processing - September 2021 - 19
PET Food Processing - September 2021 - 20
PET Food Processing - September 2021 - 21
PET Food Processing - September 2021 - 22
PET Food Processing - September 2021 - 23
PET Food Processing - September 2021 - 24
PET Food Processing - September 2021 - 25
PET Food Processing - September 2021 - 26
PET Food Processing - September 2021 - 27
PET Food Processing - September 2021 - 28
PET Food Processing - September 2021 - 29
PET Food Processing - September 2021 - 30
PET Food Processing - September 2021 - 31
PET Food Processing - September 2021 - 32
PET Food Processing - September 2021 - 33
PET Food Processing - September 2021 - 34
PET Food Processing - September 2021 - 35
PET Food Processing - September 2021 - 36
PET Food Processing - September 2021 - 37
PET Food Processing - September 2021 - 38
PET Food Processing - September 2021 - 39
PET Food Processing - September 2021 - 40
PET Food Processing - September 2021 - 41
PET Food Processing - September 2021 - 42
PET Food Processing - September 2021 - 43
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PET Food Processing - September 2021 - 83
PET Food Processing - September 2021 - 84
https://digital.petfoodprocessing.net/sosland/pfp/pet-food-processing-september-2022
https://digital.petfoodprocessing.net/sosland/pfp/-pet-food-processing-june-2022
https://digital.petfoodprocessing.net/sosland/pfp/pet-food-processing-march-2022
https://digital.petfoodprocessing.net/sosland/pfp/pet-food-processing-december-2021
https://digital.petfoodprocessing.net/sosland/pfp/pet-food-processing-october-2021
https://digital.petfoodprocessing.net/sosland/pfp/pet-food-processing-september-2021
https://digital.petfoodprocessing.net/sosland/pfp/pet-food-processing-june-2021
https://digital.petfoodprocessing.net/sosland/pfp/pet-food-processing-march-2021
https://digital.petfoodprocessing.net/sosland/pfp/2020_12_01
https://digital.petfoodprocessing.net/sosland/pfp/2020_10_01
https://digital.petfoodprocessing.net/sosland/pfp/2020_09_01
https://digital.petfoodprocessing.net/sosland/pfp/2020_06_01
https://digital.petfoodprocessing.net/sosland/pfp/2020_03_01
https://digital.petfoodprocessing.net/sosland/pfp/2019_12_01
https://digital.petfoodprocessing.net/sosland/pfp/2019_10_01
https://digital.petfoodprocessing.net/sosland/pfp/2019_09_01
https://digital.petfoodprocessing.net/sosland/pfp/2019_06_01
https://digital.petfoodprocessing.net/sosland/pfp/2019_03_01
https://digital.petfoodprocessing.net/sosland/pfp/2018_12_01
https://digital.petfoodprocessing.net/sosland/pfp/2018_09_01
https://digital.petfoodprocessing.net/sosland/pfp/2018_06_01
https://digital.petfoodprocessing.net/sosland/pfp/2018_03_01
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