Observation of the processed herrings market in Latvia over the past decade shows a gradual increase in per capita consumption. As of 2023, the market size volume per capita stood at 2.21 kilograms. Notably, there was considerable growth from 2013 to 2023, peaking in 2019 at 2.19 kg before slight fluctuations. Recent year-on-year variations show a modest increase of 1.4% from 2022 to 2023 and 0.7% from 2021 to 2022, while the five-year compound annual growth rate (CAGR) is approximately 1.5%.
Looking ahead, market trends suggest cautious optimism as dietary and lifestyle changes continue to influence consumption. However, variables such as price sensitivity and evolving consumer preferences may impact growth trajectories. Monitoring economic factors and shifts in dietary trends will be crucial to understanding future market dynamics.
How does Latvia rank in Processed Herrings, Whole or in Pieces (Excluding Minced Products and Prepared Meals and Dishes) Market Size Volume Per Capita?
| # | 5 Countries | Kilograms Per Capita | Last Year | |
|---|---|---|---|---|
| 1 | 1 Poland | 3.02 | 2023 | View data |
| 2 | 2 Latvia | 2.21 | 2023 | |
| 3 | 3 Germany | 0.94 | 2023 | View data |
| 4 | 4 Belgium | 0.5 | 2023 | View data |
| 5 | 5 Romania | 0.25 | 2023 | View data |
