Key Market Indicators
Latvian Sweeteners Sales are projected to decline to 91,000 metric tons by 2028, down from 96,000 metric tons in 2023. This represents an average annual decrease of 0.9%. Since 2019, the Latvian market has seen a consistent annual decline of 1.6%. Meanwhile, Latvian Sweeteners Production is also expected to fall, reaching 3,500 metric tons by 2028, a drop from 4,000 metric tons in 2023. This marks an annual compound average growth rate (CAGR) decrease of 2.1%. Since 2019, Latvian supply has been decreasing at a rate of 4.4% per year. In 2023, Latvia ranked 121st in sweetener production globally. Suriname ranked just ahead with 4,000 metric tons. Leading the global ranking were Brazil, the United States, and Thailand, occupying the second, third, and fourth spots respectively.
