The price of cured pork bellies in Estonia initially displayed a steady increase from 2011 to 2013, with moderate growth rates. However, from 2014 to 2016, the prices stabilized around a similar value per kilogram. A significant spike was evident in 2017, with prices maintaining elevated levels through to 2020, albeit with fluctuations. The primary surge occurred between 2017 and 2019. Over the last two years, variations suggest a slight decline from previous high points. The five-year CAGR highlights gradual increases over the period, reflecting overall upward trends.
Future trends to watch for include:
- Potential impacts of global supply chain shifts on pork prices
- Influence of climate change on feedstock costs and supply
- Changes in consumer preferences towards healthier or alternative proteins
- Regulatory changes concerning meat production and trade within the European Union