Latvia Meat Industry Outlook 2022 - 2026

Key Market Indicators

Sales of meat in Latvia are expected to reach €467 million by 2026, compared to €433 million in 2021. This represents an average annual growth rate of 1.2% since 2013. Latvia was ranked 28th in 2021, but Bosnia and Herzegovina overtook with €432.8 million. France, Spain and Italy were the second, third and fourth largest markets in this ranking. Latvian meat consumption is projected to reach 144,000 metric tons by 2026, up from 139,000 metric tons in 2021. This corresponds to a 0.6% average annual growth rate since 2017. Latvia was ranked 118th in 2021, while Sri Lanka overtook at 139,000 metric tons. The United States, Brazil and Russia were second, third and fourth in this ranking respectively. Latvian meat production is forecasted to reach 93,000 metric tons by 2026, a slight increase from 91,690 metric tons in 2021. This corresponds to an average annual growth rate of 0.2% since 1997. Latvia was ranked 128th in 2021, with Togo ahead at 91,690 metric tons. The United States Virgin Islands, Brazil and Russia followed in second, third and fourth place in this ranking.

Latvia Meat Market Data and Forecasts

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