The cured pork cuts market in Latvia experienced fluctuating volumes over the past decade, peaking in 2014 and gradually declining through 2020. Since 2021, the volume has stabilized, with a slight increase noted in 2022 and 2023, ultimately reaching 11.529 million kilograms by 2023. The market underwent significant fluctuations with a peak in 2014, followed by a general downward trend marked by negative year-on-year growth, particularly steep in 2020, and stabilizing thereafter. The compounded annual growth rate (CAGR) over the last five years has been negative, indicative of the market's slow recovery.
Future trends to watch for include:
- Potential impacts of changing consumer preferences towards healthier and plant-based diets.
- Possible market changes due to regulatory shifts and trade policies affecting pork products.
- Technological advancements in meat processing and preservation that could influence production efficiency.
How does Latvia rank in Cured Pork Cuts Market Size Volume?
| # | 23 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 695,000,000 | 2023 | -0.31% | -0.052% | View data |
| 2 | 2 Italy | 687,330,000 | 2023 | +0.76% | +4.1% | View data |
| 3 | 3 United Kingdom | 505,630,000 | 2023 | -2.15% | -1.58% | View data |
| 4 | 4 Spain | 262,980,000 | 2023 | -0.37% | -0.5% | View data |
| 5 | 5 France | 229,680,000 | 2023 | +0.89% | +0.68% | View data |
| 18 | 18 Greece | 17,391,000 | 2023 | +1.63% | +0.14% | View data |
| 19 | 19 Bulgaria | 13,824,000 | 2023 | +0.47% | +0.89% | View data |
| 20 | 20 Latvia | 11,529,000 | 2023 | +0.1% | -2.52% | |
| 21 | 21 Finland | 10,998,000 | 2023 | -2.9% | -2.47% | View data |
| 22 | 22 Slovenia | 7,800,200 | 2023 | +4.93% | +5.6% | View data |
