Key Market Indicators
Latvia is poised to see a rise in milk powder exports over the next five years. In 2021, the country was number 34 in the global rankings, with 5,549,900 kilograms of milk powder exported. This is expected to grow by 1.3% year-on-year up to 2026, totalling 6,007,800 kilograms. Since 1999, Latvia has seen an average 1.8% year-on-year growth in milk powder exports. Meanwhile, milk powder imports are less significant. In 2021, Latvia imported 775,060 kilograms, coming in at number 96 in the global rankings. This is expected to rise only slightly over the next five years, growing 0.1% year-on-year to reach 780,540 kilograms by 2026. Since 1999, Latvia has seen a decrease of 11.2% year-on-year in milk powder imports. Mongolia was the top milk powder importer to Latvia in 2021, followed by the Philippines, Indonesia and Algeria.
