Between 2011 and 2021, the price per unit of rusks and biscuits in Croatia demonstrated fluctuations. From 2011 to 2015, there was a general decline in prices, but from 2016 onwards, except for a slight dip in 2020, the prices showed a modest upward trend. The Compound Annual Growth Rate (CAGR) for the last five years leading up to 2021 indicates stability with minor increases in prices.
In the year-on-year variations, the only significant decrease was between 2014 and 2015. During the last two years (2019-2021), the market showed resilience, with prices recovering slightly after a dip in 2020.
Future trends to watch:
- Continued recovery post-2021 with steady price increments likely due to inflation and rising costs of raw materials.
- Potential impact of globalization and trade agreements on pricing dynamics.
- Consumers' shift towards healthier and premium options may influence product pricing and market segmentation.