Between 2011 and 2021, the price per unit of frozen chicken cuts in the Czech Republic generally trended downward. The price experienced a high of 3.39 Euros/kg in 2013 and a low of 1.71 Euros/kg in 2020. However, by 2021, prices slightly rebounded to 1.9 Euros/kg. Over the last decade, the market saw significant volatility but remained on a declining trajectory on average, suggesting increased market competition or shifts in supply and demand.
From 2019 to 2021, the year-on-year variation indicates a modest correction in prices, shaking off previous lows. The Compound Annual Growth Rate (CAGR) over the last five years is indicative of the trend, being negative overall due to the sharp declines observed during this period.
Looking forward to 2024 and beyond, watch for potential impacts of global supply chain adjustments, changes in consumer demand toward sustainable sourcing, and any economic factors that may influence the cost of production and distribution of frozen chicken cuts. Continued volatility remains a possibility, with factors such as feed costs, trade regulations, and pandemic impacts influencing future pricing trends.
