Australia’s pet industry hits bottom, pet store owners fear the ‘death spiral’
Posted July 03, 2019 09:58:56 Australia’s Pet and Grooming Industry is facing a “death spiral” as some people stop coming into the country to buy pets, according to the country’s leading pet owner association.
Key points:The Australian Pet Industry Association (APIA) has warned there is a growing demand for pets in AustraliaPet owners have been warning of a growing pet death rateThe industry, which employs around 7,000 people, has warned that if the pet supply situation worsens the market could collapse, especially in the countrys largest cityThe APIA says that demand is also increasing in areas with low housing stock, such as the South Australian cities of Adelaide and Perth, and in Queensland and New South Wales.
The pet industry, also known as the “gold standard” of pet supplies, is already experiencing a decline in its stock, as people in other parts of the country look to invest their retirement savings in the industry, APIA chief executive officer Peter Daley said.
“We are seeing a significant increase in people choosing to stay home with their pets, rather than buying a pet for themselves,” Mr Daley told the ABC.
“And they’re also being less confident that the market will provide adequate supplies, because they’re concerned about the death rate.”
They are also being more cautious about the availability of the supplies.
“Mr Daley added that while the pet industry had been “very resilient” in the face of the commodity price crash, he feared that it would continue to be “weak” as a result.”
There’s a significant risk that we’re not going to be able to sustain this growth in the future,” he said.
Pet and Grocery Association chief executive Paul O’Neill said he was concerned that the supply shortage in the region would see some people leave the market.”
The problem with the supply chain is that there’s no longer enough supply, because there’s a shortage of pet food,” he told ABC Radio Melbourne’s Pet Breakfast.”
So there’s just been a massive reduction in the number of pet stores in Australia, and that’s caused a lot of problems.
“Pet stores, which have been in decline for years, were hit hard by the commodity crash and are now struggling to keep up with demand, Mr O’Neil said.
He said the number and type of pets in Australian households was growing rapidly, and the industry needed to invest more money in its supply chain to keep pace with the changing consumer habits.”
You have a large number of pets that are not being properly handled, and you have a big shortage of dog food and other pet foods,” Mr O”Neill said.
Mr Daly said there was a “growing concern” among Australian pet owners about the “health of the industry” and how it was “coming to terms” with the changes in the pet market.
He warned that many pet owners had already made up their minds not to buy any more pets, and were “increasingly becoming aware of the fact that this is a situation where the supply is simply not there”.
“We’ve seen a real reduction in pet supply in the past two to three years, so it’s not only the pet owner, but also the retail market that is seeing this,” Mr Cocker said.
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