The price of fresh bovine meat in Germany, expressed in Euros per kilogram, has seen notable fluctuations over the analysis period. From 2013 to 2020, prices initially rose, peaking in 2015, before experiencing a downward trend. Specifically, prices dropped from 5.88 euros in 2013 and 2014 to a low of 4.51 euros in 2019, then slightly rebounded in 2020.
Year-on-year variations were most significant between 2015 and 2016 with a steep decline of about 9.84%. Over the last two years analyzed, prices increased slightly from 2019 to 2020, rising by approximately 4.66%. The Compound Annual Growth Rate (CAGR) for the last five years, indicating average annual variation, depicts a slightly negative trend, suggesting overall price reductions.
For 2023, while specific data is not provided, understanding is inferred that global economic pressures, potential changes in the agricultural sector, and shifts in consumer behavior are key factors affecting prices. Future trends to watch include supply chain disruptions, regulatory changes in agricultural practices, consumer preferences towards sustainable and local produce, and macroeconomic conditions influencing disposable income in Germany.
