The price per unit of dog and cat food in Finland displayed notable changes from 2011 to 2021. Starting at 1.85 Euros per kilogram in 2011, there was a slight decrease in 2012 to 1.83 Euros. From 2013 onwards, the price per unit showed a rising trend, reaching 2 Euros and further escalating over the next years. By 2020, the price stood at 2.38 Euros per kilogram, with 2021 witnessing an ascent to 2.51 Euros per kilogram.
Analyzing the year-on-year variation for the last two years reveals:
- 2020 to 2021: 5.46% increase
- 2019 to 2020: 0.42% decrease
The Compound Annual Growth Rate (CAGR) over the last five years from 2016 to 2021 is approximately 3.21%, indicating a consistent upward trajectory.
Future trends to watch for include potential further price increases driven by factors such as inflation, evolving pet nutrition standards, and rising production costs. Additionally, market shifts due to sustainable and organic product preferences might also influence pricing dynamics in the pet food industry in Finland.
