Brazilian pet sector discusses next steps after export growth

A study conducted by the Brazilian pet market sector pointed out that exports should see a 20% hike in 2022 over last year. The project was created by the IPB institute to stimulate the development of the pet market in the country in partnership with ApexBrasil (Brazilian Trade and Investment Promotion Agency).

Brazil‘s share in this market has grown annually. In recent years, between 2019 and 2021, the years that correspond to the pandemic, the increase was 40%, jumping from BRL 295.11 million to BRL 412.46 million. Since 2020, the export volume has increased by 33%, with a total of BRL 310.57 million.

See below the track record – in terms of TEUs – of Brazilian exports of pet products, animal feed, and other pet industry-related goods between Jan 2019 and Sep 2022. The data is from DataLiner.

Exports of pet products | Jan 2019 – Sep 2022 | teu

Source: DataLiner (click here to request a demo)

“Despite the difficulties imposed by Covid-19, the international pet market sector is heating up. Now is the time for reopening. Companies in our industry frequently miss out on opportunities to cross new borders due to a lack of market knowledge. But I guarantee that it is easier to do business with companies from other countries than you might think,” highlights Caio Villela, president of the IPB.

Source: BNews

To read the full original article, please go to: https://www.bnews.com.br/noticias/bnews-pet/setor-pet-brasileiro-discute-novas-fronteiras-apos-crescimento-em-exportacoes-saiba-detalhes.html

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