In 2023, Romania topped the European Compound Feedingstuff Price Index with a value of 18.537, followed by Sweden and Belgium. The 2022 data reflects notable hikes in several countries such as Latvia (18.35%) and Hungary (18.33%). Conversely, Greece exhibited minimal growth (8.5%). Germany, one of the largest agricultural producers, stands at 15.97 in 2023, slightly down from 16.89 in 2022. The compound annual growth rate exhibited fluctuating trends with Eastern European countries generally showing stronger growth.
Future trends to monitor include:
- Geopolitical tensions impacting supply chains and feedingstuff costs in Europe.
- Impact of sustainable agricultural practices on production costs and pricing.
- Digital integration in agriculture potentially affecting pricing indices.
- Climate change effects on crop yield and subsequently feedingstuff prices.
- Continued economic stabilization and recovery post-pandemic.
Top countries in Compound Feedingstuff Price Index for Agriculture by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Romania | 185.37 | 2022 | +33.7% | +18.63% | View data |
| 2 | 2 Sweden | 174.07 | 2022 | +40.38% | +16.67% | View data |
| 3 | 3 Belgium | 173.29 | 2022 | +33.83% | +17.25% | View data |
| 4 | 4 Hungary | 172.3 | 2022 | +38.28% | +18.33% | View data |
| 5 | 5 Latvia | 163.22 | 2022 | +47.31% | +18.35% | View data |
| 6 | 6 Germany | 159.7 | 2022 | +37.79% | +16.89% | View data |
| 7 | 7 Portugal | 155.92 | 2022 | +34.68% | +17.61% | View data |
| 8 | 8 Netherlands | 155.3 | 2022 | +31.39% | +14.74% | View data |
| 9 | 9 Austria | 154.6 | 2022 | +37.18% | +15.98% | View data |
| 10 | 10 Ireland | 153.72 | 2022 | +29.12% | +11.77% | View data |
