Key Market Indicators
Latvia's frozen food exports are expected to reach around $5.5 million by 2026, up from $4.3 million in 2021, growing at a year-on-year compound annual growth rate of 3.9%. Since 1999, Latvia's supply has grown 18.6% on average each year. In 2021, Latvia was the 50th largest exporter, with Russia in the lead at $4.3 million. China, Spain and Mexico ranked second, third and fourth respectively. Latvia's frozen food imports are projected to reach close to $12 million by 2026, up from $10.2 million in 2021, growing at an average annual rate of 2.6%. Since 1999, Latvia's demand has increased 10.6% year on year. In 2021, Latvia was the 77th largest importer, with Lithuania ahead at $10.2 million. The United States, South Korea and Japan were second, third and fourth respectively.
