Key Market Indicators
Latvian Fish Production is projected to reach approximately 915 metric tons by 2028, up from an estimated 850 metric tons in 2023. This represents a compound annual growth rate (CAGR) of 1.2%. Historical data reveals that since 1997, Latvia's fish supply has seen a modest annual increase of 0.5%. In 2023, Latvia ranked 128th globally in fish production, having been overtaken by Lebanon, which produced around 850 metric tons. Leading the global rankings were Indonesia, India, and Bangladesh, occupying the second, third, and fourth positions, respectively. On the consumption side, Latvian fish consumption is expected to decline slightly, reaching roughly 13.9 thousand metric tons by 2028, down from about 14.3 thousand metric tons in 2023. This decline translates to a CAGR of -0.4%. Since 2019, the country's fish demand has decreased by 1.2% annually.
