From 2011 to 2021, the price per unit of frozen bovine meat in Spain experienced fluctuations. Initially increasing from 6.42 Euros/kg in 2011 to a peak in 2012, prices declined by 2014 before rebounding. By 2021, the price was 6.94 Euros/kg, indicating a general upward trend over the decade.
The recent price variation from 2019 to 2021 shows a notable increase, enhancing consumer and industry interest. The five-year compound annual growth rate (CAGR) reflects this upward tendency in the market.
Future trends to watch for include the impact of global supply chain disruptions and changing consumer preferences toward plant-based alternatives, potentially affecting pricing dynamics in 2024.
