The decaffeinated or roasted coffee market in Latvia has shown a dynamic trend over the past decade, with values fluctuating from 35.733 million euros in 2013 to 51.855 million euros in 2023. The market saw significant growth particularly between 2017 to 2020. However, 2021 experienced a decline, followed by a recovery in subsequent years. The compound annual growth rate over the last five years was 3.48%, reflecting moderate but steady growth.
Future trends to watch for include:
- Potential shifts in consumer preferences towards specialty and sustainable coffee options.
- Impact of economic factors and potential regulation changes within the EU.
- Technological advancements in coffee processing and serving methods.
- Increased focus on online retailing post-pandemic, enhancing accessibility and convenience for consumers.
How does Latvia rank in Decaffeinated or Roasted Coffee Market Size Value?
| # | 17 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 4,503,300,000 | 2023 | +1.53% | +2.46% | View data |
| 2 | 2 France | 2,839,600,000 | 2023 | -1.51% | -1.17% | View data |
| 3 | 3 Spain | 2,397,100,000 | 2023 | +3.99% | +3.84% | View data |
| 4 | 4 Netherlands | 798,210,000 | 2023 | -2.94% | -1.57% | View data |
| 5 | 5 United Kingdom | 765,620,000 | 2023 | +2.29% | +2.67% | View data |
| 14 | 14 Croatia | 187,140,000 | 2023 | +2.43% | +1.69% | View data |
| 15 | 15 Lithuania | 104,330,000 | 2023 | +2.53% | +1.14% | View data |
| 16 | 16 Latvia | 51,855,000 | 2023 | +2.13% | +3.48% | |
| 17 | 17 Estonia | 50,079,000 | 2023 | +2.32% | +1.29% | View data |
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