The price per unit of frozen vegetables and vegetable mixtures in Portugal showed variable trends from 2011 to 2020. Notable peaks and troughs occurred, with an overall increase from €1.16/kg in 2011 to €1.45/kg in 2020. The year-on-year analysis from 2019 to 2020 showed a slight decline of 2.68%, while the five-year Compound Annual Growth Rate (CAGR) from 2015 to 2020 indicated a modest increase, averaging 2.84% annually.
Going forward, we expect factors such as climate change, agricultural practices, and consumer shifts towards healthier options to influence frozen vegetable prices. Monitoring these elements will be crucial in projecting future price dynamics in this sector.
