The market for processed salmon in Latvia, measured in Euros per capita, has exhibited a declining trend in recent years. Over the last two years, values decreased from 2.11 in 2021 to 1.94 in 2023, representing a decline of approximately 8.06%. The compound annual growth rate (CAGR) over the past five years indicates an average yearly decline of around 4.03%. Such trends suggest a reduced consumer interest or economic shifts affecting purchasing power in the processed salmon category.
Future trends to observe include potential changes in consumer preferences towards healthier or alternative protein sources, as well as any economic factors that might influence disposable income and spending on premium food products like processed salmon. Additionally, any policy changes around fisheries or import tariffs could impact the market dynamics.
