In 2024, the European Hay Real Price Index reveals significant disparities across countries. Cyprus leads with the highest index, indicating higher real prices compared to other countries. Italy follows, also showing strong values. Both Greece and Hungary experienced notable positive year-on-year changes, while Finland, Croatia, and Latvia faced declines in previous years, reflecting varied market dynamics.
Key trends and variations over the last two years include:
- Cyprus and Hungary showed strong positive year-on-year changes, signaling upward price pressure.
- Austria's index decreased slightly, indicating stability or slight market contraction.
- Notable declines in Croatia, Latvia, and Sweden suggest potential market corrections or impacts from external factors.
Looking ahead, expect fluctuations influenced by climatic conditions, crop yields, and market demand. Monitor policy changes impacting agricultural inputs, as these could significantly alter the index landscape. The shift towards sustainable practices and technological advancements in agriculture may also play crucial roles in future price trends.
Top countries in Hay Real Price Index by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Cyprus | 205.92 | 2022 | +53.63% | +18.61% | View data |
| 2 | 2 Italy | 173.91 | 2022 | +41.67% | +12.52% | View data |
| 3 | 3 Austria | 133.89 | 2022 | +3.85% | -0.63% | View data |
| 4 | 4 Spain | 132.17 | 2022 | +44.54% | +9.94% | View data |
| 5 | 5 Poland | 115.54 | 2022 | -0.99% | View data | |
| 6 | 6 Belgium | 115.4 | 2022 | -15.3% | +2.46% | View data |
| 7 | 7 Romania | 112.52 | 2022 | -4.02% | +3.65% | View data |
| 8 | 8 Greece | 102.37 | 2022 | +16.79% | +9.23% | View data |
| 9 | 9 Hungary | 94.68 | 2022 | -1.86% | +13.07% | View data |
| 10 | 10 Finland | 93.79 | 2022 | -0.78% | -6.65% | View data |
