From 2012 to 2020, the price per unit of oil-cake resulting from the extraction of sunflower seed fats or oils in Croatia demonstrated notable fluctuations. The price initially rose from 2012 to 2013, reaching 0.38 Euros per kilogram, and then experienced a decline, hitting a low of 0.27 Euros in 2017 before showing a slight upward trend to 0.29 Euros by 2020.
Key observations:
- From 2018 to 2019, the price remained stable at 0.28 Euros per kilogram.
- A slight increase of 3.57% was observed from 2019 to 2020.
- The compound annual growth rate (CAGR) over the five-year period from 2015 to 2020 was -1.32%, indicating an overall decrease.
Looking towards the future, key trends to watch include potential price volatility due to market demand shifts, changes in sunflower seed production levels, and geopolitical factors influencing trade relationships in the region. Monitoring these elements could indicate future price stability or fluctuations. Also, sustainable and organic production could influence pricing trends moving forward.
