Czech Republic - Pet and VeterinaryCzech Republic - Pet and Veterinary
Overview
Unit: USD thousands
|
2015 |
2016 |
2017 |
2018 (Estimated) |
Total Local Production |
412,000 |
434,000 |
462,810 |
470,000 |
Total Exports |
243,758 |
274,357 |
339,660 |
345,000 |
Total Imports |
169,427 |
170,392 |
207,850 |
210,000 |
Imports from the US |
5,433 |
6,156 |
6,344 |
6,500 |
Total Market Size |
337,669 |
330,035 |
331,000 |
335,000 |
Exchange Rates |
24.203 |
25.045 |
20.884 |
20.158 |
Sources: Unofficial estimates (products including only HS230910, pet food); Czech Statistical Office. Exchange rates: U.S. Treasury Department.
The Czech market for pet products has seen continuous growth over the past five years. The country remains a substantial pet market for its size. In general, the sector is expected to grow by three to four percent a year in the future with a wider assortment of available products as one of the market drivers. Statistically, nearly every family owns a pet (including cats, dogs, fish, hamsters, etc.) – a guarantee for driving pet care sales, together with the revival of the economy and increasing salaries. Additionally, the status of pets (mainly cats and dogs) in the family is increasing. The ‘humanization’ of pets leads to higher spending on premium food, health supplements, entertainment and wellness. The number of animals per capita in the Czech Republic is one of the highest in Europe. U.S. products’ excellent reputation for quality and innovation provides an excellent foundation for trend setting American pet food and accessories firms to sell into this market. Major sales growth is expected in products for dogs and cats. Spending on cats is growing faster than spending on dogs. Cat owners and singles tend to spend more on their pets.
Leading Sub-Sectors
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High quality pet foods (with an emphasis on food ingredients such as holistic and natural products)
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Dental hygiene
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Pet traveling products
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Pet accessories
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Pet vitamins and supplements
-
Tech toys, smart feeders
Opportunities
The U.S. Commercial Service has been working with the FOR PETS trade fair organizer to introduce new U.S. brands to the market through catalogs and individual company presentations. The next event will be held at the April 2019 FOR PETS fair.
Event: FOR PETS (a part of FOR FAMILY fairs)
Dates: April 2019
Venue: Letnany Fairground, Prague
Organizer: ABF a.s.
Web Resources
Association of Unions of Horse Breeders
Chamber of Vets in the Czech Republic
General Directorate of Customs
Institute for the State Control of Veterinary Biologicals and Medicaments
Ministry of Agriculture
U.S. Commercial Service: Veronika.Novakova@trade.gov