The price per unit of preparations for animal feeds in Latvia fluctuated between 2011 and 2020, with notable peaks in 2013 at 0.54 Euros/kg and dips such as 0.4 Euros/kg in 2017. From 2011 to 2020, the compound annual growth rate (CAGR) indicated an overall minor decline. Year-on-year variations reflect volatility, especially noticeable between 2013 and 2014.
Future trends to watch for in 2024 include:
- Potential impact of EU agricultural policies on feed prices.
- Fluctuations due to changes in raw material costs.
- Increasing demand for sustainable and organic animal feed options.
