The Detergents and Cleaning Compound Market in Latvia has grown significantly from 2013 to 2023, with the market value standing at 57.791 million Euros in 2023. The market experienced fluctuations, notably an 18.55% increase in 2019 and a 12.83% rise in 2020, followed by a slight dip in 2021. Despite this, the market showed resilience, recording a 4.34% increase in 2022 and a 4.12% rise in 2023, with a 5-year CAGR of 6.71%.
Future trends to watch for include:
- Growing consumer preference for environmentally friendly and sustainable cleaning products.
- Technological advancements in cleaning formulations enhancing efficiency.
- An increasing focus on hygiene could further drive market growth, especially post-pandemic.
How does Latvia rank in Detergents and Cleaning Coumpound Market Size Value?
| # | 13 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 2,083,400,000 | 2023 | -0.21% | +2.35% | View data |
| 2 | 2 United Kingdom | 936,370,000 | 2023 | -5.98% | -5.03% | View data |
| 3 | 3 Portugal | 410,230,000 | 2023 | -0.71% | +1.76% | View data |
| 4 | 4 Ireland | 311,890,000 | 2023 | +5.05% | +7.76% | View data |
| 5 | 5 Greece | 308,620,000 | 2023 | -0.77% | -0.76% | View data |
| 11 | 11 Lithuania | 84,992,000 | 2023 | +1.27% | +0.77% | View data |
| 12 | 12 Estonia | 72,001,000 | 2023 | +4.87% | +2.19% | View data |
| 13 | 13 Latvia | 57,791,000 | 2023 | +4.12% | +6.71% | |
