The Latvian market for prepared and preserved meat, meat offal, or blood showcased fluctuations over the past decade. In 2023, the market volume stood at 52.766 million kilograms, emphasizing a gradual decline. The year-on-year variations showed both increases and decreases, peaking in 2017 with a 7.73% increase, and dropping by 0.65% in 2023. Over the past five years, the compound annual growth rate (CAGR) was notably negative at -1.62%, indicating an overall downturn.
Looking ahead, potential areas of growth may include an increased focus on sustainable meat practices and consumer shifts towards alternative protein sources, which could affect market dynamics and demand.
How does Latvia rank in Prepared and Preserved Meat, Meat Offal or Blood Market Size Volume?
| # | 16 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 1,609,600,000 | 2023 | +0.49% | -0.66% | View data |
| 2 | 2 Spain | 1,194,000,000 | 2023 | +1.56% | +0.37% | View data |
| 3 | 3 Poland | 1,066,700,000 | 2023 | +0.17% | +0.15% | View data |
| 4 | 4 Netherlands | 496,520,000 | 2023 | -0.36% | -0.091% | View data |
| 5 | 5 Romania | 364,900,000 | 2023 | +0.83% | +0.17% | View data |
| 14 | 14 Estonia | 67,185,000 | 2023 | -0.37% | -0.28% | View data |
| 15 | 15 Slovenia | 53,324,000 | 2023 | +0.43% | +0.35% | View data |
| 16 | 16 Latvia | 52,766,000 | 2023 | -0.65% | -1.62% | |
