The price per unit of frozen vegetables in Portugal fluctuated between 2011 and 2020 with a general upward trend. From 2011 to 2012, the price decreased by 6.9%, followed by a rise of 13.9% in 2013. A notable increase of 13.0% occurred from 2014 to 2016. Stability was observed from 2017 to 2019 with minor annual increases of approximately 0.7%. From 2019 to 2020, the price decreased slightly by 2.7%. The compound annual growth rate (CAGR) over the last five years until 2020 was 1.0%.
Future trends to watch for:
- Potential impact of climate change on vegetable production.
- Shifting consumer preferences towards organic options.
- Supply chain disruptions due to global events.
