The dairy products market size value per capita in Latvia has shown a consistent increase from 2013 to 2023, starting at €136.27 in 2013 and reaching €194.5 in 2023. From 2022 to 2023, the growth was approximately 1.84%, while from 2021 to 2022, it was around 2.03%. Over the last five years, the compound annual growth rate (CAGR) stands at an estimated 1.89%. This trend indicates a steady increase in consumer spending on dairy products over the past decade, reflecting both an inflationary impact and potentially increased demand.
Future trends to watch for:
- Impact of EU agricultural policies on dairy pricing and production in Latvia.
- Shifts in consumer preferences towards plant-based alternatives affecting dairy demand.
- Evolving economic conditions and their influence on consumer spending patterns.
- Technological advancements in dairy processing and their effects on market value.
How does Latvia rank in Dairy Products Market Size Value Per Capita?
| # | 19 Countries | Euros Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Finland | 433.47 | 2023 | View data | ||
| 2 | 2 France | 398.35 | 2023 | View data | ||
| 3 | 3 Italy | 395.54 | 2023 | View data | ||
| 4 | 4 Lithuania | 372.35 | 2023 | View data | ||
| 5 | 5 Austria | 273.47 | 2023 | View data | ||
| 13 | 13 Denmark | 217.63 | 2023 | View data | ||
| 14 | 14 Slovakia | 204.01 | 2023 | View data | ||
| 15 | 15 Latvia | 194.5 | 2023 | |||
| 16 | 16 Czech Republic | 192.04 | 2023 | View data | ||
| 17 | 17 Bulgaria | 179.81 | 2023 | View data | ||
