Rendered lard and other pig fat prices in Estonia varied from 2011 to 2021, starting at 1.55 euros per kilogram in 2011 and showing fluctuations over the years. A peak occurred in 2013 at 1.83 euros, followed by a decline through 2016 to 1.26 euros. Prices stabilized near 1.32 euros from 2017 to 2019, then fluctuated slightly upwards by 2021 at 1.4 euros.
To analyze price changes:
- Year-over-year analysis shows fluctuations with a general declining trend until 2016.
- The last two years leading to 2021 saw a relatively stable pattern with minor variations.
- The 5-year compound annual growth rate (CAGR) up to 2021 indicates a modest average annual decrease.
Future trends to watch for include the impact of supply chain fluctuations, potential market expansions, and changes in consumer preferences. External factors such as global trade policies and feedstock prices could also influence future price dynamics in Estonia's market.
