Between 2013 and 2023, the cheese and curd market in Latvia showed a fluctuating pattern, eventually reaching a value of 218.5 million Euros in 2023. The market saw significant growth in 2017 and 2020, with year-on-year increases of over 13% and 17%, respectively, indicating a strong demand surge during these years. From 2018 onwards, while growth continued, it stabilized with moderate year-on-year variations. The Compound Annual Growth Rate over the last five years stands at about 3.23%, reflecting a steady upward trend despite occasional declines.
Future trends to watch for include:
- Potential impacts of economic shifts or regulations affecting dairy imports and exports
- Growing consumer interest in specialty and gourmet cheese products
- Increasing focus on sustainable and organic dairy production
How does Latvia rank in Cheese and Curd Market Size Value?
| # | 20 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 11,715,000,000 | 2023 | +1.8% | +2.97% | View data |
| 2 | 2 Italy | 10,839,000,000 | 2023 | -8.64% | -5.02% | View data |
| 3 | 3 United Kingdom | 6,120,000,000 | 2023 | +1.29% | +2.24% | View data |
| 4 | 4 Poland | 3,560,800,000 | 2023 | +1.84% | +2.83% | View data |
| 5 | 5 Greece | 1,479,000,000 | 2023 | +1.45% | +0.66% | View data |
| 16 | 16 Lithuania | 353,280,000 | 2023 | +2.82% | +4.24% | View data |
| 17 | 17 Croatia | 333,570,000 | 2023 | +1.84% | +2.08% | View data |
| 18 | 18 Latvia | 218,500,000 | 2023 | +2.81% | +3.23% | |
| 19 | 19 Estonia | 203,060,000 | 2023 | +1.85% | +1.37% | View data |
| 20 | 20 Slovenia | 197,800,000 | 2023 | +1.37% | +0.99% | View data |
