Key Market Indicators
Latvian Dairy Products Sales are projected to hit €419 million by 2028, a slight increase from €415 million in 2023. This growth represents an average annual increase of just 0.1%. Notably, the Latvian market has remained stagnant since 2013, showing no year-on-year growth. In 2023, Latvia ranked 27th in dairy product sales, trailing behind Estonia, which also recorded €415 million. Leading the rankings were Germany, Italy, and the Netherlands, occupying the second, third, and fourth spots, respectively. On the production front, Latvian Dairy Products Production is forecasted to reach approximately €405 million by 2028, up from €392 million in 2023. This represents an average annual growth rate of 0.5%. Unlike sales, the Latvian supply has seen a modest year-on-year increase of 1% since 2013. In terms of production rankings for 2023, Latvia stood at 28th place, again behind Estonia with €392 million. Germany, Italy, and the Netherlands maintained their positions as the second, third, and fourth largest producers, respectively.
