From 2010 to 2020, the price per unit of stuffed pasta in Latvia saw slight fluctuations, with prices generally rising from €2.3/kg in 2010 to reaching a peak of €2.56/kg in 2015, followed by a decline to €2.19/kg in 2020. Notable year-on-year variations occurred: prices increased by 10.3% from 2012 to 2013, 5.1% from 2014 to 2015, and decreased by 8.2% from 2015 to 2016, showing market volatility. Over the five years leading to 2020, the CAGR was -1.4%, indicating a gradual decrease in prices.
Looking ahead to 2024, trends to watch include potential impacts from inflationary pressures, changes in consumer preferences, and potential supply chain adjustments post-pandemic affecting pricing structures for stuffed pasta in the Latvian market.
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