Key Market Indicators
Latvian cereal products sales are projected to reach approximately €210 million by 2028, up from around €208 million in 2023. This represents an average annual growth rate of 0.1%. Since 2013, the Latvian market has seen a steady increase of 0.4% each year. In the 2023 rankings, Latvia held the 31st position, with Estonia slightly ahead at €208 million. The top positions were occupied by Germany, Italy, and the United Kingdom, respectively. On the production front, Latvian cereal products are expected to grow to about €190 million by 2028, starting from nearly €189 million in 2023. This also reflects an average annual growth rate of 0.1%. Since 2013, the supply has consistently risen by 0.4% each year. In 2023, Latvia again held the 31st position, with Estonia leading slightly at €189 million. Germany, Italy, and the United Kingdom took the top three spots in this category as well.
