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
Yeoh Pei Xien: YTL’s third-gen scion with a pastor’s heart
UOB CEO’s youngest child Grant Wee turns burnout into a wellness business
Keppel H1 net profit drops 59% to S$155 million on impairments, M1 deal fallout; shares fall 4%
Singtel explores Nasdaq-SGX dual listing for data centre arm Nxera, local data centre Reit
