A study by the Agricultural Economics Research Institute reported that Hungarian petfood turnover is expected to expand at a more moderate rate than in other central and eastern European countries as a result of the economy, according to the Budapest Business Journal .
Petfood manufacturers in Hungary earned an export revenue of HUF 44.7 billion (US$244.3 million) in 2008, nearly two-thirds of their total 2008 revenue, according to the study.
High exportation rates are due to the small percentages of pets (20% of dogs and 30% of cats) being fed manufactured petfood in Hungary.
New shelter data casts doubt on whether the pet population and pet ownership are truly growing.
While the pandemic caused unprecedented suffering worldwide in 2020, the disruptions to dogs, cats and other pets adoption numbers may normalize in 2021.