Over the span from 2010 to 2020, the price per kilogram of prepared mustard in Portugal showed significant fluctuations. From a peak of 2.81 euros in 2010, prices generally trended downward until 2014, before experiencing some variability through to 2020. The year-on-year variations illustrate a period of moderately declining prices until 2014, with stabilization and slight recovery in subsequent years. Notably, the compound annual growth rate (CAGR) over the last five years prior to 2020 depicts a stable but minor increase.
Looking ahead to 2024 and beyond, the forecast suggests a continued stabilization of mustard prices, influenced by factors such as global mustard seed supply, consumer demand shifts, and evolving market preferences. It will be crucial to monitor the impact of these factors alongside potential economic volatility.
