Key Market Indicators
Latvia's wheat consumption is expected to reach around 113,000 metric tons by 2026. This is down from 119,000 metric tons in 2021, representing an average decrease of 0.9% year-on-year. Since 2017, Latvian demand has been decreasing by 0.3% year-on-year. In 2021, Latvia was ranked 125th in terms of wheat consumption, with Moldova ranking ahead at 119,000 metric tons. India, the United States, and Pakistan ranked 2nd, 3rd, and 4th respectively in this ranking. Latvia's wheat production is expected to reach 2.7 million metric tons by 2026, up from 2.3 million metric tons in 2021, with an average growth year-on-year of 2.7%. Since 1997, Latvian supply has been increasing at a rate of 2.6% year-on-year. In 2021, Latvia was ranked 36th in terms of wheat production, with Belarus overtaking at 2.3 million metric tons. India, Russia and the United States respectively ranked 2nd, 3rd, and 4th in this ranking.