From 2010 to 2018, the price per kilogram of Tomato Ketchup and other tomato sauces in Latvia experienced fluctuations with an overall upward trend. Starting at €1.62 in 2010, it dipped to €1.52 by 2013 but recovered to €1.73 by 2017 before slightly decreasing to €1.66 in 2018. The compound annual growth rate (CAGR) over the last five years was modest, reflecting a stable market with slight price increases.
Future trends to watch for:
- Potential impacts of inflation on consumer goods pricing.
- Shifts in consumer preferences towards organic or premium products, possibly affecting average price per unit.
- Supply chain efficiencies or disruptions that could influence pricing.