Key Market Indicators
Latvian Meat Sales are projected to climb to approximately €463 million by 2028, up from around €443 million in 2023, reflecting a compound annual growth rate (CAGR) of 0.7%. Over the past decade, the Latvian market has experienced a consistent annual increase of 2.6%. In 2023, Latvia held the 28th position globally, with Bosnia and Herzegovina surpassing it at €443 million. France, Spain, and Italy occupied the second, third, and fourth spots, respectively. Latvian Meat Consumption is expected to reach 146,000 metric tons by 2028, rising from 141,000 metric tons in 2023. This growth represents an average annual rate of 0.6% since 2019, marking a steady increase in demand. Latvian Meat Production is anticipated to grow to 93,570 metric tons by 2028, up from 92,220 metric tons in 2023, with an average yearly growth rate of 0.2%. Since 1997, the supply has seen an annual increase of 0.4%.
