Key Market Indicators
Latvia's meat sales are projected to climb to €463 million by 2028, up from €443 million in 2023. This represents an annual growth rate of 0.7%. The Latvian meat market has been on an upward trajectory, increasing by 2.6% annually since 2013. In 2023, Latvia ranked 28th globally in meat sales, with Bosnia and Herzegovina slightly ahead, also reporting €443 million. France, Spain, and Italy secured the top three spots in this ranking. In terms of consumption, Latvia's meat intake is expected to reach 146,000 metric tons by 2028, up from 141,000 metric tons in 2023. This indicates a yearly growth rate of 0.6%. Latvian meat demand has been rising consistently, with a 0.6% annual increase since 2019. On the production front, Latvia is forecasted to produce 93,570 metric tons of meat by 2028, up from 92,220 metric tons in 2023. This signifies a modest annual growth rate of 0.2%. Latvian meat supply has been gradually increasing, with a yearly growth rate of 0.4% since 1997.
