In 2024, Montenegro leads the European margarine and other vegetable fats market with an HICP value of 20.872, marking the highest amongst the analyzed countries. Kosovo and Hungary follow with values of 18.749 and 18.047 respectively. Central European countries such as the Czech Republic (16.97) and Poland (16.4) show significant values as well, positioning them in the upper tier. Italy and Greece are in the lower range with values of 12.78 and 12.565 respectively. Notably, Slovenia and Spain register the lowest values, approximately around 10.58.
Year-on-year variation analysis from 2022 highlights substantial changes in several countries. Montenegro experienced the highest variability at 26.9%, reflecting high market volatility or significant changes in prices or consumption patterns. Hungary (18.27%) and the Czech Republic (17.35%) also saw considerable increases. In contrast, many other countries like Kosovo, Slovakia, and Estonia show no year-on-year change, indicating market stability.
Future trends to monitor include potential market stabilization in countries with high fluctuations, like Montenegro. Additionally, the impact of economic policies in Central and Eastern Europe may influence future variations. With environmental concerns rising, shifts towards sustainable and plant-based products could also significantly affect the HICP values across Europe.
Top countries in Margarine and Other Vegetable Fats HICP by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Montenegro | 208.72 | 2022 | +62.57% | +26.9% | View data |
| 2 | 2 Kosovo | 187.49 | 2022 | +56.76% | View data | |
| 3 | 3 Hungary | 180.47 | 2022 | +49.66% | +18.27% | View data |
| 4 | 4 Czech Republic | 169.7 | 2022 | +37.3% | +17.35% | View data |
| 5 | 5 Poland | 164 | 2022 | +50.05% | +16.85% | View data |
| 6 | 6 Slovakia | 154.69 | 2022 | +53.54% | View data | |
| 7 | 7 Portugal | 153.26 | 2022 | +25.09% | +12.52% | View data |
| 8 | 8 Sweden | 151.98 | 2022 | +22.39% | +6.86% | View data |
| 9 | 9 Denmark | 149.4 | 2022 | +25.97% | +6.84% | View data |
| 10 | 10 Estonia | 148.14 | 2022 | +29.7% | View data |
