The price per unit for yoghurt in Latvia showed moderate fluctuations from 2011 to 2021. Starting at €1.46 per kilogram in 2011, the price gradually increased, peaking in 2018 at €1.79. The most notable annual increase occurred from 2016 to 2017 with an approximate rise of 12.16%. In the subsequent years, the prices stabilized around €1.75 to €1.79. Over the last two years (2019-2021), the price showed stable growth with a slight recovery, indicating a healthier market trend.
The compound annual growth rate (CAGR) from 2016 to 2021 was approximately 4.00%, revealing an average annual increase in price over the last five years. The trajectory suggests a consistent but moderate growth pattern.
Future trends to watch for include the potential impact of economic factors such as inflation and supply chain challenges that could drive prices higher or stabilize them, depending on market conditions. Monitoring consumer preferences towards healthier or organic yoghurt options could also influence pricing dynamics in the coming years.
How does Latvia rank in Yoghurts Price Per Unit?
| # | 14 Countries | Euros Per Kilogram | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Finland | 2.35 | 2021 | View data | ||
| 2 | 2 Italy | 2.31 | 2021 | View data | ||
| 3 | 3 Croatia | 2.16 | 2021 | View data | ||
| 4 | 4 Slovakia | 2.09 | 2021 | View data | ||
| 5 | 5 Austria | 2.05 | 2021 | View data | ||
| 10 | 10 Lithuania | 1.83 | 2021 | View data | ||
| 11 | 11 Estonia | 1.8 | 2021 | View data | ||
| 12 | 12 Latvia | 1.79 | 2021 | |||
| 13 | 13 Hungary | 1.76 | 2021 | View data | ||
| 14 | 14 Poland | 1.44 | 2021 | View data | ||
