From 2010 to 2019, the price per unit of frozen fish in Bulgaria experienced a noticeable upward trend, starting at €1.72 in 2010 and reaching €2.47 by 2019. There were oscillations during this period, with significant price increases noted after 2015. The highest year-on-year increase occurred in 2019. The Compound Annual Growth Rate (CAGR) for the five years leading up to 2019 indicates steady growth in pricing.
By 2023, industry expectations suggest stabilization with moderate price enhancements due to inflation, increased demand, and supply chain factors.
Future trends to watch for include:
- Impact of global seafood market fluctuations on Bulgaria.
- Potential regulatory changes in fishing quotas and sustainability measures.
- Consumer shifts towards alternative protein sources.
- Technological innovations in supply chain management that may affect costs.
