From 2010 to 2020, the Prepared Pet Foods Price Per Unit in Spain showed a general upward trend with minor fluctuations. The price per kilogram increased from €0.97 in 2010 to €1.35 in 2020. The period with the most significant growth was between 2014 and 2019, particularly notable is the escalation between 2014 and 2015, which registered a peak increase. In the most recent years, despite variances, the price consistently hovered above €1.30.
Key variations:
- Between 2018 and 2019: 0.76% increase
- Between 2019 and 2020: 1.50% increase
- 5-year CAGR (from 2015 to 2020): approximately 1.89%
Future trends to watch for include escalating ingredient costs, shift towards premium products, and potential inflation impacts in 2024 and beyond. Additionally, a keen interest in sustainable and organic options could reshape consumer preferences, potentially driving up unit prices further.
