The price per unit of animal feeds (excluding dog or cat food) in Estonia has seen fluctuations over the past decade. After a gradual increase from 2011 to 2013, peaking at 0.61 Euros/Kg, there was a noticeable decline by 2017, reaching 0.48 Euros/Kg. The trend stabilized in subsequent years, lingering around 0.49 to 0.50 Euros/Kg through 2020.
Looking at more recent trends, between 2019 and 2020, the price decreased marginally by 2%, and the compound annual growth rate (CAGR) from 2015 to 2020 was negative, indicating a downward pressure over these years.
Future trends to watch for include:
- The impacts of global supply chain disruptions and environmental factors on feed ingredient costs.
- The potential influence of technological advancements in feed production and efficiency improvements.
- Market dynamics such as trade policies and demand for alternative proteins might affect prices.