The price for fresh pastry in Latvia has shown a general upward trend from 2012 to 2020, with minor fluctuations. The most notable increase occurred from 2018 to 2019, growing by 9.4%, and from 2019 to 2020, with a rise of 5.5%. Over the last five years leading up to 2020, the compound annual growth rate (CAGR) was approximately 4.5%. In 2023, the price stood at 8.32 Euros per kilogram, reflecting a continued upward trajectory over recent years.
Future trends to watch for include:
- Potential impacts of inflation on price increases.
- The effect of consumer demand changes post-pandemic on pricing strategies.
- Supply chain adjustments in response to global economic conditions.
