Thai pet-food makers still top dog for US, but tariff pain could bite in 2026
There are some 317 pet-food processors in Thailand, with 36 new companies registered in 2024
[BANGKOK] Leading Thai pet-food makers may still be top dog in their biggest market – the US – even as higher tariffs threaten to bite their margins, although some players expect the relief to be short-lived.
Despite a 19 per cent levy slapped on most Thai pet-food exports as of Aug 7 this year, sales to the US are exceeding expectations.
One of Thailand’s leading pet-food exporters, i-Tail Corp (ITC), reported a 6 per cent jump in sales in the third quarter of this year to 4.72 billion baht (S$192.2 million) from the previous year. Revenue from exports to the US rose 16 per cent over the same period, accounting for 55 per cent of the total.
TRENDING NOW
ComfortDelGro’s Zig to buy S$10 million worth of BYD cars for private-hire fleet
Singapore telco price war squeezes earnings, strengthens case for StarHub-M1 deal, say analysts
Sats slides 13.6% as investors dump shares on profit-margin squeeze
When every phone becomes a satellite phone, what happens to Asia’s telcos?
