The bread market in Latvia has experienced a consistent decline in volume per capita since 2013, reaching 33.83 kilograms per capita in 2023. The year-on-year decrease from 2022 to 2023 was approximately 2.23%. Analyzing the last five years from 2018 to 2023, the compound annual growth rate (CAGR) indicates an annual decline of around 3.06%.
Future trends to watch for include shifts in consumer preferences towards healthier or alternative bread options, potential impacts from economic changes affecting purchasing power, and evolving competition within the market. Innovations in product offerings may also influence future consumption levels.
How does Latvia rank in Bread Market Size Volume Per Capita?
| # | 23 Countries | Kilograms Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Ireland | 77.31 | 2023 | View data | ||
| 2 | 2 Germany | 55.94 | 2023 | View data | ||
| 3 | 3 Portugal | 52.1 | 2023 | View data | ||
| 4 | 4 Romania | 51.79 | 2023 | View data | ||
| 5 | 5 Netherlands | 51.56 | 2023 | View data | ||
| 13 | 13 Lithuania | 37.43 | 2023 | View data | ||
| 14 | 14 Estonia | 37.16 | 2023 | View data | ||
| 15 | 15 Latvia | 33.83 | 2023 | |||
| 16 | 16 Denmark | 33.1 | 2023 | View data | ||
| 17 | 17 Belgium | 32.97 | 2023 | View data | ||
