The European Dairy Products HICP for 2024 reveals significant variations among countries. Hungary leads with the highest index, followed by Lithuania and Latvia, indicating strong inflationary pressures in their dairy markets. Conversely, countries like Switzerland, Ireland, and Cyprus demonstrate relatively moderate indices, suggesting price stability. Year-on-year data from 2023 shows Hungary experienced the largest value increase, while countries like Kosovo and Albania remained unchanged. Over the past five years, Hungary, Lithuania, and Latvia have shown the most significant growth in their HICP values.
Future trends to watch include:
- The impact of geopolitical tensions on dairy trade and prices.
- Climate change and its effect on dairy production consistency and costs.
- Technological advancements in dairy farming potentially stabilizing or reducing production costs.
Top countries in Dairy Products HICP by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 166.07 | 2022 | +42.09% | +10.42% | View data |
| 2 | 2 Lithuania | 162.08 | 2022 | +38.16% | +8.28% | View data |
| 3 | 3 Latvia | 153.18 | 2022 | +28.4% | +6.67% | View data |
| 4 | 4 Bulgaria | 150.98 | 2022 | +27.67% | +7.89% | View data |
| 5 | 5 Iceland | 140.7 | 2022 | +9.6% | +5.72% | View data |
| 6 | 6 Poland | 139.1 | 2022 | +18.48% | +6.01% | View data |
| 7 | 7 Germany | 138.2 | 2022 | +19.55% | +5.63% | View data |
| 8 | 8 Montenegro | 137.35 | 2022 | +27.21% | +9.39% | View data |
| 9 | 9 Estonia | 137.12 | 2022 | +24.63% | +5.33% | View data |
| 10 | 10 Kosovo | 136.92 | 2022 | +21.95% | View data |
