Between 2011 and 2021, the price of frozen chicken cuts in Spain showed a downward trend, with a price drop from €3.88 per kilogram in 2011 to €2.81 in 2020, only slightly recovering to €3.36 by 2021. The most significant yearly decline occurred in 2020, showing the impacts of global economic conditions and supply chain disruptions during the pandemic. From 2011 to 2021, the Compound Annual Growth Rate (CAGR) was negative, indicating a steady long-term decrease in prices.
Looking forward, the price stability in 2021 suggests potential recovery, with inflationary pressures and evolving consumer preferences as key trends to monitor in the frozen chicken market in 2024 and beyond.
