Between 2010 and 2020, the price per kilogram of chocolate sweet biscuits in Latvia showed fluctuations. From 2010 to 2014, the price rose steadily, peaking in 2014. However, a notable downward trend followed, with prices continually decreasing from 2015 onwards, reaching the lowest value in 2020 at €3.59 per kilogram. The most significant year-on-year decrease occurred between 2018 and 2019, at 6.0%.
Over the last five years leading to 2020, the compound annual growth rate (CAGR) remained negative, reflecting a general decline in the price per unit of chocolate sweet biscuits.
- 2023 estimate: Prices remained stagnant, not deviating significantly from the 2020 value.
Future trends to watch for in the Latvian market include potential impacts from rising raw material costs, changing consumer preferences towards premium or healthier options, and external economic factors influencing disposable income, which could lead to price stabilization or uplift from current levels.