The price of cured bovine meat in Bulgaria showed a fluctuating trend from 2010 to 2020, starting at 6.23 Euros/kg in 2010 and peaking at 9.07 Euros/kg in 2012. After a decrease from 2013 to 2017, prices gradually rose again, reaching 9 Euros/kg in 2020. This represents a 10.6% increase over the last two years (2018-2020). Over the last five years, the compound annual growth rate (CAGR) is around 2.5%, indicating a moderate upward trend.
Future trends to watch for include:
- Potential impacts of economic conditions and inflation on meat prices.
- Livestock diseases or climate change affecting supply chains.
- Shifts in consumer preferences toward alternative proteins impacting demand.
