The price of condensed milk per kilogram in Portugal has experienced fluctuations from 2010 to 2020, starting at 2.38 Euros in 2010, reaching a low in 2013 at 2.18 Euros, and climbing to a high of 2.79 Euros in 2020. From 2019 to 2020, there was a notable year-on-year increase of approximately 6.9%. Looking at a broader perspective, the 5-year compound annual growth rate (CAGR) from 2015 to 2020 was around 1.51% annually, indicating a steady upward trend over this period.
In 2023, as per available data, the price continued on an upward trajectory influenced by global dairy market dynamics, increased production costs, and inflationary pressures. Looking ahead, key trends to monitor include potential impacts from economic changes, shifts in consumer preferences towards plant-based alternatives, and the influence of sustainable agricultural practices on production costs.
