Between 2010 and 2020, processed milk prices in Greece per kilogram showed a general decreasing trend, starting from €1.29 in 2010 and stabilizing at €1.19 from 2018 to 2020. This corresponds to a 2.3% year-on-year average decrease from 2015 to 2020. Over the last five years leading up to 2020, the compound annual growth rate (CAGR) indicated a 1.2% decline annually. By 2023, if the trend has continued, adjustments for inflation and shifts in market dynamics could be factors for higher pricing.
Future trends to watch for include:
- Impact of inflationary pressures on production costs and consumer prices.
- Changes in consumer preferences towards plant-based milk alternatives.
- Potential governmental regulations impacting dairy product pricing.
