From 2010 to 2019, the price per unit of dog and cat foods in Portugal saw a modest increase from 0.96 to 1.03 Euros per kilogram, indicating a steady market with slight year-to-year fluctuations. The year-on-year variations were minimal, reflecting stable pricing in this sector. The Compound Annual Growth Rate (CAGR) over the past five years leading up to 2019 was very low, showing that prices remained relatively flat without significant upward or downward trends.
As of 2023, the price per unit likely continued this stability, suggesting that the market for pet food in Portugal maintains consistency in pricing. For future trends, watch for:
- Impact of inflationary pressures on food costs
- Consumer shift towards premium and organic pet food products
- Potential price adjustments due to supply chain disruptions or new trade agreements