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Trade Trends News
03-07-2023
Development Trends in the Pet Supplies Industry
The pet supplies industry has demonstrated impressive growth worldwide. Since 2020, the number of transactions has increased from 1.76 million to 2.697 million in 2022, a growth rate of 53.2%. From the perspective of both consumer demand and product manufacturing and sales, it is clear that the global pet supplies industry is experiencing notable growth. This trend indicates that the global pet supplies import and export industry is rapidly expanding.
This trend reflects an increasing affection for pets and a growing demand for high-quality pet supplies. As more people choose to have pets and are willing to provide the best care for them, including quality food, drinking water, bedding, toys, and other care products, the market share of the pet supplies import and export industry has also increased.
With the continued growth in trade volume in the global pet supplies import and export industry and the ever-changing market shares of major import and export countries, we can foresee a very positive future for this industry. This trend may continue over the next few years as more people choose to have pets and are willing to provide the best care for them. Let's take a look at the global trade data provided by Tendata in 2022 to better understand the current situation of the pet market.
Main Importing Countries in the Pet Supplies Industry
The major importing countries in the global pet supplies import and export industry include Vietnam, the United States, Mexico, China, and Peru. Vietnam is the largest importer of pet supplies, accounting for 13.87% of the market share. This is closely followed by the United States with a market share of 11.89%. Mexico and China's market shares stand at 7.91% and 7.84% respectively.
Other major importing countries in the pet supplies import and export industry include the United Kingdom, India, Chile, and Japan. These countries' pet supplies imports are also steadily increasing, reflecting the strong attraction of the pet supplies import and export industry worldwide.
Main Exporting Countries in the Pet Supplies Industry
Among the major exporting countries in the global pet supplies import and export industry, China ranks first with a market share of 21.97%. It is followed by Argentina with a market share of 15.05%. Vietnam, the United States, and India's market shares are 9.10%, 5.76%, and 5.76%, respectively.
Other major exporting countries of pet supplies include the United Kingdom, Mexico, Turkey, and Uruguay. These countries export large quantities of pet supplies, reflecting their competitiveness in the pet supplies import and export industry.
Conclusion
The global pet supplies import and export industry is in a very healthy state of development, and the market size is constantly expanding. Considering people's love for pets and the demand for high-quality pet supplies, this import and export industry has great potential for growth. Countries should seize this development opportunity to create more development opportunities for their own pet supplies import and export industry.
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