Between 2012 and 2020, the price of cured pork bellies in Germany experienced fluctuations, with an upward trend from 2016 to 2020. The average annual increase over the past five years, the CAGR, was notable, reflecting a robust price growth. Year-on-year, particularly from 2018 to 2020, there was a significant rise in prices, highlighting a strengthening demand or possible supply constraints.
Looking ahead to 2024 and beyond, several trends could influence prices:
- Potential shifts in consumer preferences towards plant-based diets
- Regulatory changes impacting meat production
- Volatile feed costs affecting production expenses
