Industry · municipality
The Pet Shop Industry in Tromsø: An Analysis of Companies, Statistics, and Outlooks
A detailed assessment of the pet shop industry in Tromsø, focusing on economic trends, company structure, and future opportunities for entrepreneurs and local decision-makers in the municipality.
Brief Overview of the Pet Shop Industry in Tromsø
The pet shop industry in Tromsø shows a mix of stability and variation. Over the past few years, the number of employees has increased from 9 in 2016 to 31 in 2024, although there was a decline to 27 in 2026. Sales have shown a significant increase from 7.8 million NOK in 2016 to 58.8 million NOK in 2024, before recording a decline to 45.1 million NOK in 2025. The industry has a high average gross profit margin of over 1400%, indicating potential for profitability. However, data from the past year suggests there may be challenges related to the outlook of the market economy.
Economic Overview
Sales Development
| Year | Sales (NOK) | Year-over-Year Change |
|---|---|---|
| 2016 | 7.8M | - |
| 2017 | 14.5M | +85.1% |
| 2018 | 14.6M | +0.9% |
| 2019 | 18.8M | +29.0% |
| 2020 | 26.1M | +38.4% |
| 2021 | 35.1M | +34.7% |
| 2022 | 40.1M | +14.1% |
| 2023 | 47.2M | +17.7% |
| 2024 | 58.8M | +24.7% |
| 2025 | 45.1M | -23.3% |
Employee Development
| Year | Number of Employees | Year-over-Year Change |
|---|---|---|
| 2016 | 9 | - |
| 2017 | 12 | +33.3% |
| 2018 | 19 | +58.3% |
| 2019 | 11 | -42.1% |
| 2020 | 17 | +54.5% |
| 2021 | 20 | +17.6% |
| 2022 | 23 | +15.0% |
| 2023 | 29 | +26.1% |
| 2024 | 31 | +6.9% |
| 2025 | 27 | -12.9% |
| 2026 | 27 | +0.0% |
Sales have grown strongly up to 2024, but there was a significant decline in 2025. The number of employees has shown a more stable development, with a short-term decline in 2019 before an increase in the following years.
Companies in the Industry
Registered Companies in the Industry
| Company | Address | Company Structure | Employees | Sales (NOK) | EBITDA (NOK) |
|---|---|---|---|---|---|
| Aquatica As | Karlsøyvegen 18, Tromsø | AS | 10 | 21.9M | 2.1M |
| Musti Tromsø Jekta | Karlsøyvegen 12, Tromsø | AS | 9 | 14.5M | 790.0K |
| Musti Tromsø Pyramiden | Solstrandvegen 47, Tromsdalen | AS | 8 | 10.0M | 547.0K |
| K9shop As | Gaupevegen 17, Tromsø | AS | 0 | 0 | 0 |
| K9shop As | Gaupevegen 17, Tromsø | AS | 0 | 0 | 0 |
| Ravolainen Fôrformidling | Vasstrandvegen 353, Kvaløya | ENK | 0 | 0 | 0 |
Company Structure Statistics
| Company Structure | Number of Companies | Number of Employees | EBITDA (NOK) |
|---|---|---|---|
| AS | 3 | 27 | 3.4M |
Most companies in the industry are organized as AS, and there are several companies with zero employees, which may indicate newly established or inactive companies.
Business Geography
Distribution of Activity in the Municipality
| Location | Number of Companies | Number of Employees | Sales (NOK) | EBITDA (NOK) |
|---|---|---|---|---|
| Tromsø | 2 | 19 | 36.4M | 2.9M |
| Tromsdalen | 1 | 8 | 10.0M | 547.0K |
Most companies and employees are concentrated in Tromsø, while Tromsdalen has a smaller but still significant presence. Sales and EBITDA are higher in Tromsø compared to Tromsdalen.
Business Dynamics and Bankruptcy Statistics
Economic Dynamics and Bankruptcy Statistics
| Year | Number of Bankruptcies | Comment |
|---|---|---|
| 2025 | 0 | No companies in the industry have gone bankrupt. |
The industry has shown relative stability regarding bankruptcies, even though there has been a decline in sales and number of employees in 2025. This may indicate that companies have been able to adjust operations to handle economic challenges.
Outlook for Entrepreneurs
- Stable foundation: The industry has shown strong economic development up to 2024, with high sales growth and increasing number of employees.
- High profit margin: An average gross profit margin of over 1400% indicates potential for profitability.
- Development in 2025: The sharp decline in sales and number of employees in 2025 may be a signal of market economic challenges or focus on efficiency improvements.
- Bankruptcy-free: There are no bankruptcies in the industry, indicating that companies have been able to handle economic pressures.
For entrepreneurs, it may be a good idea to consider opportunities in the industry, but it is important to be aware of the developments in the past year and possible market changes. Tromsø's infrastructure and economic conditions can provide a good foundation for new companies, but careful financial planning is necessary.
Conclusion
The pet shop industry in Tromsø shows a mix of stability and variation. With a high profit margin and a relatively bankruptcy-free history, the industry can be an attractive choice for entrepreneurs. However, data from the past year suggests there may be challenges related to the market economy. Entrepreneurs should consider both the opportunities and challenges in the industry, and use SmartGrunder to explore potential locations and strategies in Tromsø.