The price per unit for butter and dairy spreads in Slovakia exhibited fluctuations from 2009 to 2019. Prices initially decreased from 5.44 Euros/kg in 2009 to 4.33 Euros/kg in 2015, followed by a notable rise reaching 6.53 Euros/kg in 2018 before decreasing to 5.84 Euros/kg in 2019. The year-on-year variation indicated a 10.22% increase from 2016 to 2017 and a 5.49% increase from 2017 to 2018. A decline of 10.55% was noted in 2019.
Over the last five years leading up to 2019, the compound annual growth rate (CAGR) was 6.78%. By 2023, the prices stood at 6.75 Euros/kg, reflecting a consistent growth tendency in the butter and dairy segment.
Future trends to monitor include the impact of global dairy supply fluctuations and changing consumer preferences towards plant-based alternatives, which may affect the traditional dairy market dynamics.
