The price per unit of grain mill products in Bulgaria demonstrated a general upward trend from 2011 to 2019. Initially experiencing a decline from 2011 to 2014, with a low of 0.36 Euros per kilogram by 2014, prices then surged, reaching 0.54 Euros per kilogram by 2019. This reflects a compound annual growth rate (CAGR) indicating a positive recovery in the latter years.
Key Trends:
- The largest year-on-year increase occurred between 2016 and 2017, followed by stable growth.
- From 2018 to 2019, there was a slight decrease suggesting volatility within the market.
Future Outlook:
- Watch for changes in climate affecting grain yields, EU agricultural policy shifts, and local economic factors influencing production costs and market prices.
- Technological advancements and sustainability efforts may also significantly impact future pricing trends post-2023.
