Key Market Indicators
Latvia's fruit consumption is projected to reach approximately 141,000 metric tons by 2028, up slightly from around 141,000 metric tons in 2023. This marks a stable growth rate, averaging a 0% increase year-on-year. Since 2000, the demand for fruits in Latvia has grown at an incremental rate of 0.1% annually. On the production front, Latvia is expected to see a significant decline. Fruit production is forecasted to drop to about 5,800 metric tons by 2028, down from roughly 10,650 metric tons in 2023. This represents a compound annual growth rate (CAGR) of -9.7%. Since 1997, the country's fruit supply has decreased at an average rate of 9.3% per year. In 2023, Latvia ranked 167th in global fruit production, with Kiribati slightly ahead, also producing around 10,650 metric tons. The top fruit producers globally include India, Brazil, and Mexico, holding the second, third, and fourth positions respectively.
