The price per unit of confectionery in Latvia showed fluctuations from 2011 to 2021, ranging from 4.18 Euros/kg in 2018 to a peak of 6.23 Euros/kg in 2020. The period 2019-2020 saw a significant increase with an approximate jump of 15.6%, while 2020-2021 experienced a minor decline of around 3.5%. Over the past five years up to 2021, the compound annual growth rate (CAGR) was approximately 4.92%, indicating a rising trend in confectionery prices. In 2023, the price is speculated to have maintained this upward trend due to inflation and increased production costs.

Future trends to watch for include:

Potential impacts of global supply chain disruptions on prices.
Increased consumer preferences for premium and eco-friendly products potentially driving prices higher.
Economic factors or policy changes that could either restrain or exacerbate price movements.