Between 2009 and 2019, the price per unit of prepared or preserved nuts in Portugal fluctuated, showing a significant increasing trend from 2013 onwards. After a steady price in 2011, a notable decrease in 2012 was followed by a sharp rise, peaking in 2019 at over twice the price seen in 2009. The compound annual growth rate (CAGR) over five years leading up to 2019 presents a strong upward trend.
In 2023, continuing from the 2019 peak, the market showed further growth, reflecting increasing consumer demand and possibly rising input costs. Looking ahead into 2024 and beyond, key trends to monitor include shifts in consumer preferences towards healthy and organic options, which could further influence pricing dynamics. Additionally, global supply chain fluctuations and agricultural outputs due to climate changes may impact pricing stability in the nuts market.
