Between 2011 and 2021, the unit price of dairy products in Portugal exhibited an overall upward trend with fluctuations. Initially, there was a stable increase from 2011 to 2015, reaching a peak in 2015 at 2.02 euros per kilogram. A notable dip occurred in 2016 to 1.82 euros, followed by a gradual rise and stabilization around the 2.00 euro mark up to 2021. The Compound Annual Growth Rate (CAGR) over the last five years was modest, indicating slight positive annual growth despite temporary downturns.
Future trends to watch for include the impact of inflation on production costs, potential shifts in consumer preferences towards plant-based alternatives, and the effect of EU agricultural policies on pricing. These factors could further influence price trajectories moving forward.
