The sauces market in Latvia experienced fluctuating volumes from 2013 to 2023. The market size, expressed in million kilograms, stood at 24.514 in 2023. Over the last decade, there was noticeable variability, but recent years post-2019 show a consistent upwards trend. The year-on-year growth in 2022 and 2023 was 1.11% and 1.07%, respectively, indicating slowed, yet stable, growth. The five-year compound annual growth rate (CAGR) was 1.72%, suggesting moderate long-term growth.
Future trends to watch for include:
- Potential impact of health-conscious consumer choices on sauce ingredients.
- Influence of international cuisines on local sauce varieties.
- Growth of online grocery shopping affecting distribution channels.
- Changes in import-export dynamics, affecting supply chains due to geopolitical influences.
How does Latvia rank in Sauces Market Size Volume?
| # | 20 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 1,132,700,000 | 2023 | +0.27% | +0.49% | View data |
| 2 | 2 Germany | 1,003,000,000 | 2023 | +1.24% | +1.51% | View data |
| 3 | 3 France | 640,560,000 | 2023 | +1.09% | +1.61% | View data |
| 4 | 4 Spain | 576,960,000 | 2023 | +2.5% | +1.76% | View data |
| 5 | 5 Poland | 168,000,000 | 2023 | -4.28% | -3.1% | View data |
| 17 | 17 Bulgaria | 33,581,000 | 2023 | +3.45% | +3.26% | View data |
| 18 | 18 Croatia | 24,529,000 | 2023 | +2.05% | +1.83% | View data |
| 19 | 19 Latvia | 24,514,000 | 2023 | +1.07% | +1.72% | |
| 20 | 20 Slovenia | 6,116,300 | 2023 | +0.85% | +1.23% | View data |
