Over the period from 2010 to 2020, the price per unit of frozen chicken cuts in Portugal showed notable fluctuations. After starting at €2.86 in 2010, prices generally trended downward until 2015, reaching a low of €2.17. From 2016 onwards, there was an upward trend, peaking in 2018 at €2.69, before a slight decline by 2020. The Compound Annual Growth Rate (CAGR) for the last five years leading to 2020 suggests a mild recovery from earlier dips with short-term volatility in the yearly variations.
Future trends to watch for in 2024 include:
- Impact of inflationary pressures on food prices.
- Shifts in consumer preference towards alternative proteins.
- Global supply chain disruptions that may affect import prices.
