The price per unit for bacon and other cured cuts in Latvia saw fluctuations from 2011 to 2021, starting at €4.49 in 2011 and reaching €4.97 by 2021. The notable changes include a peak in 2019 at €4.99 followed by a dip in 2020 to €4.73, then a recovery in 2021. The year-on-year variation shows modest increases and decreases, reflecting market volatility. The 5-year compound annual growth rate (CAGR) indicates a slight upward trend, signifying a steady increase in prices.
Future trends to watch for include:
- Inflationary pressures impacting food prices globally.
- Consumer preference shifts towards healthier or alternative protein sources.
- Sustainability and local production's influence on pricing.
