The price per unit of condensed or evaporated milk in Germany has experienced a noticeable upward trend from 2011 to 2021, beginning at €1.74 per kilogram in 2011 and reaching €2.15 in 2021. The compound annual growth rate (CAGR) over the last five years, from 2016 to 2021, indicates a consistent average annual increase. The sharpest increases were observed in 2020 and 2021. As of 2023, it's pertinent to assess significant market factors like inflation and supply chain disruptions affecting price trends.
Future trends to watch for include:
- Potential impacts of global dairy supply fluctuations.
- Evolving consumer preferences towards plant-based milk alternatives.
- Economic factors affecting dairy production costs and retail pricing.
