From 2011 to 2021, the price of fermented milk products in Hungary displayed fluctuations. Notably, prices dropped from €1.8 in 2011 to €1.52 in 2016, reflecting a 15.6% decrease. Thereafter, prices picked up, hitting €1.82 in 2021. Between 2019 to 2021, the prices saw a minimal change, a mere 1.11% increase. Over the last five years, prices increased by an average annual rate of 3.73% (CAGR). In 2023, prices stood steady at around €1.88 Euros per kilogram.
Future trends to watch include potential impacts of inflation, shifts in consumer preferences towards healthier products, and the influence of sustainability practices which could affect production costs and eventually prices. Regulatory changes in dairy farming and production could also play a critical role.
