Over the last decade, Lithuania's non-chocolate sweet biscuits market demonstrated fluctuating prices per unit. Between 2010 and 2013, there was a gradual increase from €2.15 to €2.55. A drop occurred in 2014 to €2.05, followed by a mild recovery from 2015 onwards. Between 2016 and 2020, the trend shifted upwards significantly, peaking at €3.74 in 2020. Key market shifts likely contributed to these trends, reflecting changes in consumer preferences, production costs, and supply chain factors.
Looking forward to 2023, the price continued its upward trajectory, with the final value influenced by evolving market dynamics, including inflation and raw material costs.
Future trends to watch for:
- Potential stabilization or further increase in prices due to economic recoveries post-pandemic.
- Impact of sustainable practices and ingredient sourcing on production costs.
- The role of consumer behavior shifts towards healthier or premium biscuit options.