The price per unit of wine vinegar in Spain has shown significant fluctuations over the past decade. From 2011 to 2021, the price demonstrated variability with notable declines in 2015, 2019, and 2021. Specifically, there was a peak in 2012 followed by slight decreases and increases, illustrating a volatile market.
Year-on-year comparisons reveal a mix of marginal increases and decreases, with a general downward trend observed over the latter half of the period. Over the last two years, the price dropped by an average of 1.63%. The compounded annual growth rate (CAGR) over the last five years indicates the average annual decline of 1.07%, signaling a gradual reduction in prices.
Future trends to watch for include potential stabilization or further decline in prices due to market saturation, changes in production costs, and consumer demand fluctuations. Monitoring these factors will be crucial for forecasting the direction of wine vinegar prices in Spain.
