The bacon and other cured cuts market in Latvia experienced fluctuating growth between 2013 and 2023. By 2023, the market size volume stood at 9.3031 million kilograms. Notably, 2014 and 2019 saw substantial year-on-year increases of 28.46% and 14.72%, respectively, indicating potential demand spikes. Conversely, 2016 and 2017 faced declines. The most recent two years showcased moderate growth with a 10.56% increase in 2022 and a 1.53% rise in 2023. The compound annual growth rate over the past five years was steady at 4.11%, suggesting resilience in the market.
Future trends to watch for include:
- Increasing consumer preferences for local and organic cured meat products, influencing supply and product innovation.
- Regulatory updates on health and sustainability potentially impacting production methods and market dynamics.
- Evolving export opportunities, particularly within the EU, which could stimulate production and investment in the sector.
How does Latvia rank in Bacon and Other Cured Cuts Market Size Volume?
| # | 18 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 373,410,000 | 2023 | -3.07% | -2% | View data |
| 2 | 2 Germany | 124,680,000 | 2023 | +0.016% | -0.014% | View data |
| 3 | 3 France | 92,383,000 | 2023 | +1.11% | +0.57% | View data |
| 4 | 4 Ireland | 69,290,000 | 2023 | +3.68% | +2.71% | View data |
| 5 | 5 Romania | 56,100,000 | 2023 | +1.37% | +0.6% | View data |
| 12 | 12 Slovakia | 12,309,000 | 2023 | +4.53% | -0.37% | View data |
| 13 | 13 Croatia | 9,336,300 | 2023 | +8.13% | +1.49% | View data |
| 14 | 14 Latvia | 9,303,100 | 2023 | +1.53% | +4.11% | |
| 15 | 15 Finland | 5,886,000 | 2023 | -3.88% | -2.46% | View data |
| 16 | 16 Portugal | 5,616,700 | 2023 | -4.83% | -3.9% | View data |
