The price per kilogram of hams and cured pork shoulders in Latvia showed a fluctuating trend from 2010 to 2020. Initially, prices increased from €4.07 in 2010 to €4.98 in 2012 and then decreased to €4.27 by 2019. An uplift is observed in 2020, reaching €4.56. This volatility can be attributed to changes in market demand, supply chain disruptions, and economic conditions. Observing year-on-year percentage changes, the last two years have reflected minor fluctuations. The compound annual growth rate over the last five years has shown a slight declining trend.
Future trends to watch for include potential impacts from inflation, consumer preference shifts towards more sustainable options, and implications of global trade policies that might affect the pork market. Additionally, monitoring supply chain resilience and cost of production changes will be vital for anticipating price variations.
