Key Market Indicators
Latvia's grain production is projected to rise significantly over the next five years, reaching approximately 3.77 million metric tons by 2028. This marks an increase from the current production level of around 3.29 million metric tons in 2023, reflecting an average annual growth rate of 2.1%. Historic data shows a robust upward trend in Latvian grain supply, which has grown by nearly 10% each year since 1997. As of 2023, Latvia holds the 75th position in global grain production rankings. Malawi precedes Latvia, also with a production figure of approximately 3.29 million metric tons. Leading the global rankings are major agricultural powerhouses: the United States, India, and Brazil, occupying the second, third, and fourth spots respectively.
