Between 2011 and 2021, the price per unit for cake and pastry products in the Czech Republic fluctuated, starting at €4.4/kg and showing a peak of €5.11/kg in 2013 before a declining trend has mostly persisted towards €4.03/kg in 2021.
Observing a decreasing trend from 2018 to 2019 of around 12.8%, showing some recovery post-2020 from €3.92/kg, the average compound annual growth rate (CAGR) from 2017 to 2021 reveals a decline. The slight resurgence in 2020 and 2021 indicates a potential stabilization but still below the starting trend of the decade. In 2023, these prices are expected to remain around the same level as 2021.
Future trends to watch include shifts in consumer preferences towards healthier or alternative baked goods, potential changes in production costs, and economic impacts affecting the spending power of consumers. This could either propel gradual growth or continue to pressure pricing.
