From 2010 to 2020, the fresh pastry price per unit in Lithuania increased steadily from 3.43 to 5.31 Euros per kilogram. Over the last two years (2019 to 2020), the unit price increase was modest with a year-on-year growth of approximately 0.95%. Analyzing the last five-year period (2015 to 2020), the compound annual growth rate (CAGR) stands at approximately 4.43%, indicating consistent upward momentum in pricing.
Looking forward to 2024, watch for trends such as the impact of inflationary pressures on ingredient costs, consumer demand shifts towards healthier options, and potential effects of economic conditions on purchasing power to guide price trajectories. Sustainability trends may also influence packaging and production costs.
