Key Market Indicators
Latvian fish production is projected to reach approximately 915 metric tons by 2028, an increase from around 850 metric tons in 2023. This represents an average annual growth rate of 1.2%. Historical data indicates that Latvian fish supply has been steadily increasing at an average rate of 0.5% per year since 1997. In contrast, Latvian fish consumption is expected to decline slightly. By 2028, consumption is forecasted to fall to about 13,930 metric tons from 14,300 metric tons in 2023, marking an average annual decrease of 0.4%. This trend is consistent with a 1.2% year-on-year decline in demand observed since 2019. In a global context, Latvia ranked 105th in fish consumption in 2023, with Slovakia narrowly ahead at 14,300 metric tons. Leading the international rankings were Japan, the Philippines, and Thailand, occupying the second, third, and fourth spots respectively.
