The price per unit of preparations for animal feeds (excluding dog or cat food) in Bulgaria from 2009 to 2019 showed fluctuations. After starting at 0.33 euros per kilogram in 2009, prices peaked in 2013 at 0.38 euros. Subsequently, prices decreased and hovered around 0.32 to 0.33 euros through 2019, showing relatively stable trends since 2016. This reflects a modest decline and stabilization over the decade.
Key trends and observations include:
- A slight increase between 2009 and 2013, suggesting an upward pressure on prices.
- Decreasing trend post-2013, with a decrease to 0.31 euros in 2019.
- The Compound Annual Growth Rate (CAGR), considering price from 2015 to 2019, indicates a nominal decline.
Looking ahead to 2024 and beyond, factors to monitor include changes in agricultural policies, input costs, and domestic demand which could influence pricing trends. Potential impacts of climate change on feed production and raw material costs may also be critical.
