The market size value for hams and cured pork shoulders in Latvia declined from €26.553 million in 2013 to €19.547 million in 2023. Over the years, the market exhibited fluctuations, with notable annual decreases between 2014 and 2019, reflecting a generally downward trend. Despite slight upticks in 2016, 2020, and 2021, the market continued to contract, with a negative CAGR of 0.93% over the last five years. Year-on-year variations indicate stabilization since 2020, culminating in a minor contraction by 2023.
Future trends to watch for:
- Consumption patterns may shift due to health trends and lifestyle changes.
- Potential impacts of economic factors on consumer spending power and purchasing habits.
- The influence of international trade policies and local production dynamics on market evolution.
How does Latvia rank in Hams and Cured Pork Shoudlers Market Size Value?
| # | 19 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 4,417,400,000 | 2023 | +2.4% | +2.81% | View data |
| 2 | 2 Spain | 2,628,100,000 | 2023 | +3.15% | +2.81% | View data |
| 3 | 3 Germany | 2,595,800,000 | 2023 | -0.94% | +0.88% | View data |
| 4 | 4 United Kingdom | 559,820,000 | 2023 | -1.14% | +0.22% | View data |
| 5 | 5 Poland | 273,030,000 | 2023 | +1.5% | -0.19% | View data |
| 15 | 15 Belgium | 25,344,000 | 2023 | -9.59% | -3.45% | View data |
| 16 | 16 Finland | 20,501,000 | 2023 | -3.41% | +4.06% | View data |
| 17 | 17 Latvia | 19,547,000 | 2023 | -0.36% | -0.93% | |
| 18 | 18 Estonia | 11,622,000 | 2023 | -6.05% | -4.92% | View data |
| 19 | 19 Luxembourg | 2,037,100 | 2023 | +0.83% | -2.08% | View data |
