The price per unit of preparations for animal feeds in Portugal, over the period from 2012 to 2020, showed notable fluctuations. Initially, from 2012 to 2015, there was a downward trend, with prices peaking at €0.57 and then falling to €0.50. Afterwards, from 2016 to 2017, the price stabilized, maintaining a constant value of €0.46 for three years. In 2019 and 2020, there was a slight uptick as the price nominally increased to €0.47. The compound annual growth rate (CAGR) over the last five years, leading up to 2023, was stable with minimal variation.
Future trends to watch for include:
- Potential impacts of agricultural policy changes in the EU impacting feed cost structures.
- Developments in feed technology and alternative protein sources, which could drive cost efficiency.
- Market dynamics driven by economic conditions affecting livestock production, potentially influencing demand and pricing.