The Cake and Pastry Products price per unit in Latvia has shown a clear upward trend from 2012 to 2020, increasing from 5.63 to 7.72 Euros per kilogram. A significant year-on-year increase occurred from 2018 to 2019, as well as from 2019 to 2020. The Compound Annual Growth Rate (CAGR) over the last five years, 2015 to 2020, reflects a moderate yet consistent increase.

Future trends to watch for:

Potential impacts of raw material cost fluctuations on product prices.
Consumer demand shifts influenced by health trends and dietary preferences.
Emergence of sustainable and eco-friendly production practices affecting pricing.