The price per unit of fermented milk products in Bulgaria has shown notable fluctuations over the period from 2011 to 2021, with a general upward trend, particularly in recent years. The price began at 1.09 Euros per kilogram in 2011 and saw steady increases up to 1.21 Euros in 2020, before reaching 1.29 Euros in 2021. The most significant year-on-year increase occurred between 2020 and 2021, at approximately 6.6%. Over the last five years, from 2016 to 2021, the compound annual growth rate (CAGR) stood at around 3.1%, reflecting a sustained increase in pricing. In 2023, prices are expected to continue the upward trend.
Future trends to watch for include potential impacts of inflationary pressures, supply chain disruptions, and consumer demand shifts towards organic and specialty fermented milk products. Furthermore, expanding sustainability practices and eco-friendly packaging may affect production costs and prices. Keeping an eye on local and EU agricultural policies will be crucial for anticipating market shifts.