From 2011 to 2021, the price per unit of wheat groats and meal in Germany exhibited fluctuations with an initial increase from 2011 to 2012 followed by a period of stabilization. Between 2014 and 2019, prices experienced a gradual decline, reaching a low point in 2019. However, from 2020 onwards, there was a noticeable uptick as prices rose, peaking in 2021 at 0.7 euros per kilogram. The Compound Annual Growth Rate (CAGR) over the last five years has been relatively modest, indicating steady but not volatile growth.
Looking forward to 2023, forecasts indicate continued moderate price increases driven by potential supply chain adjustments, climate-induced yield changes, and evolving consumer preferences. Key trends to watch include climate impact on wheat production, shifts in EU agricultural policies, and changes in global demand dynamics. Anticipating these trends will be crucial for stakeholders in Germany's wheat market.
