From 2011 to 2021, the price per unit of cured pork cuts in Latvia showed notable fluctuations. Starting at €4.37 per kilogram in 2011, prices rose and fell, peaking at €5.64 in 2020. The price saw a general upward trend with a significant increase between 2018 and 2019 and peaking in 2020. The last two years showed a slight decline after the peak. The compounded annual growth rate (CAGR) over the last five years suggested an average annual increase in prices, indicating ongoing demand factors and possible supply chain constraints.
Future trends to watch for include:
- Supply chain disruptions potentially impacting price stability.
- Shifts in consumer demand for pork amid health trends.
- Trade policies affecting import/export dynamics in the region.
