The Latvian beer market volume experienced fluctuations over the past decade, reaching 160.75 million liters in 2023. Notably, there was an upward swing in 2017, followed by a decline, and an impressive recovery in 2022 with a 16.04% increase. The year 2023 saw minimal growth with a modest 0.39% increase. Over the past 5 years, the CAGR was slightly negative at -0.22%, indicating a minor overall downturn.
Future trends to watch include:
- Consumer shift towards premium and craft beers, driving value over volume growth.
- The impact of health trends, with potential demand for low-alcohol options.
- Influence of sustainability on production and packaging choices in the beer industry.
How does Latvia rank in Beer Market Size Volume?
| # | 21 Countries | Liters | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 6,778,400,000 | 2023 | -0.89% | -2.54% | View data |
| 2 | 2 United Kingdom | 5,034,600,000 | 2023 | -0.46% | -0.18% | View data |
| 3 | 3 Spain | 4,436,500,000 | 2023 | +1.85% | +1.95% | View data |
| 4 | 4 Poland | 3,482,100,000 | 2023 | -1.17% | -1.83% | View data |
| 5 | 5 France | 2,527,800,000 | 2023 | +1.58% | +1.7% | View data |
| 18 | 18 Croatia | 337,040,000 | 2023 | +0.0099% | -0.33% | View data |
| 19 | 19 Lithuania | 265,380,000 | 2023 | -1.5% | -0.45% | View data |
| 20 | 20 Latvia | 160,750,000 | 2023 | +0.39% | -0.22% | |
| 21 | 21 Estonia | 95,529,000 | 2023 | -0.89% | -1.97% | View data |
