The price per kilogram of condensed milk in Germany showed a fluctuating trend from 2011 to 2020. After reaching a high of €3.16 in 2011, prices dropped in subsequent years but gradually increased again after 2015, peaking in 2017 and 2018 at €3.10. A dip to €2.99 was noted in 2019, followed by a slight recovery to €3.07 in 2020. Observing the period from 2015 to 2020, prices generally showed upward pressure with a compound annual growth rate (CAGR) indicating a modest increase in this timeframe.
For future trends in 2024:
- Monitor potential impacts of global dairy supply chain disruptions.
- Observe shifts in consumer preferences towards plant-based alternatives.
- Consider economic factors that may influence consumer spending behavior in Germany.