An interesting situation has been observed in Germany, where the price of a popular product in Latvia is very different, and this is so important that it creates great uncertainty.
In fact, one could argue that Germany, as one of the largest European economies, often offers a wider range of food products by importing them from different countries.
In addition, Germany has stronger market competition and higher consumption, which often encourages competition and lowers food prices in various stores. Value added taxes (VAT) and import duties vary from country to country and this affects the final price of the product. Higher taxes and duties increase the cost of a good.
Shipping and logistics costs can vary greatly depending on the country’s geography, infrastructure and access to trade routes. Goods imported from a distance or in difficult conditions may cost more. In Latvia, where the size of the economy and consumption is smaller, prices are usually higher because there are fewer participants in the market and a limited range of products, especially for exotic or rare products, which imports cost more.
Similarly, food prices in Germany and Latvia can be greatly affected by tax rates, delivery costs and other factors. Sometimes consumers prefer shopping trips to another country because the products available there may be cheaper or more diverse.
These factors together create a complex system that determines the final price of a product in each country, so the price of the same product can vary greatly in different places. But this still does not explain this strange phenomenon, which we will look at in the sequel.
The main thing to emphasize is that price differences between these countries can be diverse and depend on several factors, not only the size of the country’s economy or the availability of products, but also consumption habits, exchange rates and the level of market competitiveness.
However, this time we are talking about a product made in Latvia, which is in a German store…
When we are abroad, it is inevitable that many of us go shopping or at least visit a store. Sometimes we accidentally come across products made in Latvia…
Price of “Selgas” cookies in Germany (Rhineland-Palatinate) 0.59 EUR. There is no discount.
The price in LV without discount is 1.19 EUR (in the Barbora store).
TWICE as expensive as in German!!!” Eric is surprised, sharing his thoughts on Facebook.
It should be noted that the prices mentioned in the post are from the beginning of September.
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2024-09-29 08:32:00
#Open #information #product #costs #Germany #Latvia
