Up to $900 for feeding your pet in Asia and Oceania
The purchase of pet food is a headache for users due to the high cost of buying pet food, which ranges from $300 to $900 per year. This is a discovery made by the company CashtNetUSA, which offers on-line loans. The survey was based on the cost of annual dog food consumption based on the price of the cheapest dry dog food in local supermarkets (using U.S. dollar exchange rates in October 2023).
The distance between a country and major pet food exporters has a significant impact on retail prices. This is especially true in Oceania countries such as Australia and New Zealand, where freight costs to obtain dog food can be up to three times higher due to their distant location from major suppliers in countries such as Thailand and the United States.
A total of 14 nations in Asia and Oceania report annual expenditures on dog food. Japan spends $205 per year per pet, Australia $955, Sri Lanka $913, Singapore $838, Thailand $817, Fiji $791, New Zealand $785, Pakistan $612, South Korea $498, Brunei $490, Taiwan $419, Malaysia $403, Philippines $340 and Vietnam $307.
In some cases, these prices are related to the cost of living in each place. Travel to Australia can cost up to $955.09, based on average prices for flights, accommodation and additional expenses in the country. This tourist destination is known for its natural beauty and unique wildlife, as well as its interesting culture and delicious cuisine. However, high demand and the high cost of living can make travel to Australia a luxury for many travelers.
According to the 2021 price survey, Sri Lanka has an average cost of $913.23 in its major cities.The city-state of Singapore has a high cost of living, averaging $838.33 per person. The average cost of a trip to Thailand is $817.31.
The country of Fiji has a GDP per capita of $791.79, which places it among the lower middle-income countries. In addition, its economy is based mainly on tourism, as it has beautiful beaches and a great natural diversity that attracts visitors from all over the world.
The fare for travel to New Zealand is $785.25. The country of Pakistan, located in South Asia, currently has a gross domestic product per capita of $612.32.
The country of South Korea ranks number one in terms of GDP per capita, with a value of $498.27. This economic indicator is used to measure the level of development and welfare of a country, calculating the average income per capita. In the case of South Korea, this value reflects a strong and prosperous economy, which has made the country one of the most developed and advanced in the world.
Brunei’s pricing structure is relatively high, as the local currency is the Brunei dollar and the average cost per day for a traveler is $490.78. This figure includes lodging, transportation and other basic expenses. However, because of its beautiful beaches and rich culture, many tourists are willing to pay this price to visit this Southeast Asian country.
The cost of travel to Taiwan is currently $419.82, which includes the cost of transportation, lodging and meals in Taiwan. It is a popular tourist destination for its rich culture, beautiful scenery and delicious food.
The cost of living in Malaysia is quite high, averaging $403.44 per person. The Asian country of the Philippines costs $340.59 per person on average. he country of Vietnam has an average cost of $307 to cover expenses during a stay there.
Despite this, the report did not include data on dog food consumption in China and India. He also mentioned other countries that are in Asia according to the United Nations Development Program, as part of the Middle East and Central Asia.
According to a study, Japan has the highest annual dog food budget in Asia and worldwide. Dog owners in this country tend to buy super premium and gourmet food regardless of cost. On average, a Japanese owner will spend approximately $2,057 on feeding their canine pet.
The cost of imported dog food can have a major impact on pet food spending in different countries. Imported food tends to be more expensive than locally produced food, which may explain why dog owners in Sri Lanka spend more ($913.23) per year feeding their pets than those in wealthier countries such as Singapore ($838.33) and South Korea ($498.27).
Although China and India were not mentioned in the report, statistics were provided on dog food consumption in nearby countries such as Pakistan ($612.32) and Taiwan ($419.82).
A study by CashNetUSA revealed that the Philippines, the country with the largest number of dogs in East Asia and the seventh largest in the world, has the second lowest annual dog food budget in the region at $340.59. It is estimated that there are more than 17 million dogs in the Philippines and this number is expected to increase to 21.1 million by 2026.
According to the research, Vietnam has the smallest budget for dog food, at only $307.