The European Forage Plants Real Price Index showcases substantial variation across countries. In 2023, higher indices were notable in Portugal (20.339) and Cyprus (20.195), indicating pronounced price levels. Other countries, like Italy (17.767) and France (14.351), displayed moderate indices. Variations from 2022 reveal significant price growth in Portugal (30.1%) and Hungary (14.76%), whereas Sweden (-9.48%) and Latvia (-7.25%) experienced declines. Additionally, the Compound Annual Growth Rate (CAGR) over the past five years highlights ongoing shifts in price dynamics.
Future trends to monitor include:
- The potential impact of climate change and policy adjustments on forage production costs.
- Shifts in demand driven by livestock farming practices and alternative feed solutions.
- Economic fluctuations and geopolitical factors possibly affecting trade and pricing stability.
Top countries in Forage Plants Real Price Index by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Portugal | 203.39 | 2022 | +69.97% | +30.1% | View data |
| 2 | 2 Cyprus | 201.95 | 2022 | +53.32% | +18.47% | View data |
| 3 | 3 Italy | 177.67 | 2022 | +29.73% | +13.44% | View data |
| 4 | 4 France | 143.51 | 2022 | +22.67% | +8.61% | View data |
| 5 | 5 Estonia | 140.07 | 2022 | +27.66% | +13.01% | View data |
| 6 | 6 Spain | 130.39 | 2022 | +43.49% | +9.34% | View data |
| 7 | 7 Netherlands | 125.02 | 2022 | +9.91% | +3.21% | View data |
| 8 | 8 Austria | 124.06 | 2022 | +13.99% | +1.69% | View data |
| 9 | 9 Sweden | 113.02 | 2022 | -3.53% | -9.48% | View data |
| 10 | 10 Hungary | 112.15 | 2022 | +7.07% | +14.76% | View data |
