The European Forage Plants Price Index shows significant variability across countries. In 2023, Portugal and Cyprus lead with values exceeding 22, followed by Italy and Estonia above 19. France, Hungary, and the Netherlands hover around a 15-16 range, while Malta concludes the list at about 10.25. The year-over-year variations for 2022 revealed notable increases for Portugal, Hungary, Cyprus, and Estonia, with Portugal seeing the most substantial rise at 33.89%. Meanwhile, Sweden and Finland experienced declines. Over the past five years, the Compound Annual Growth Rate (CAGR) varied, with countries like Portugal and Hungary likely outpacing others in growth.
Future trends to watch include potential price corrections in countries experiencing the highest increases and how macroeconomic factors, climate variability, and agricultural policy will influence the forage plant market in Europe. Monitoring price stabilization efforts and technological advancements in agriculture could also provide insights into future price movements.
Top countries in Forage Plants Price Index by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Portugal | 229.89 | 2022 | +83.76% | +33.89% | View data |
| 2 | 2 Cyprus | 222.49 | 2022 | +65.73% | +22.04% | View data |
| 3 | 3 Italy | 202.9 | 2022 | +41.1% | +17.34% | View data |
| 4 | 4 Estonia | 191.94 | 2022 | +52.49% | +21.42% | View data |
| 5 | 5 France | 163.66 | 2022 | +29.92% | +11.66% | View data |
| 6 | 6 Hungary | 153.89 | 2022 | +23.43% | +23.74% | View data |
| 7 | 7 Netherlands | 153.5 | 2022 | +22.7% | +8.46% | View data |
| 8 | 8 Spain | 151.19 | 2022 | +55.43% | +13.28% | View data |
| 9 | 9 Austria | 150.2 | 2022 | +23.83% | +5.98% | View data |
| 10 | 10 Romania | 144.63 | 2022 | +7.97% | +10.14% | View data |
