The price per unit of milk drinks in Hungary has shown notable fluctuations over the years, starting from 0.97 Euros per liter in 2010, with relatively minor changes until a significant rise observed from 2013 onwards. By 2020, the price reached 1.43 Euros per liter, demonstrating a strong upward trend, particularly between 2017 and 2019. Over the last two years of available data (2019 to 2020), the price saw a moderate increase. The compound annual growth rate (CAGR) for the last five years up to 2020 indicates a consistent growth trend in milk drink prices in Hungary.
Future trends to watch for:
- Monitor any potential impacts of inflationary pressures on commodity prices.
- Observe consumer price sensitivity and potential shifts in demand.
- Assess the influence of global trade dynamics and supply chain disruptions on local pricing.
- Explore innovations in dairy alternatives which could affect traditional milk drink consumption.