The price per kilogram of frozen chicken cuts in Bulgaria fluctuated between 2009 and 2018, starting at 1.71 Euros and showing a general decline over the years. The lowest point was reached in 2017 at 1.26 Euros, with a slight recovery to 1.45 Euros by 2018. From 2017 to 2018, there was a significant increase of 15.08%. Over the last five years observed, the compound annual growth rate (CAGR) was approximately 2.92%. In 2023, the price stabilized around the past few years' average.
Future trends to watch for include:
- Potential impacts of inflation or economic changes in Bulgaria on food prices.
- Effects of global supply chain disruptions or enhancements on chicken import/export dynamics.
- Consumer shifts towards alternative protein sources impacting demand for frozen chicken.