The preserved vegetables market in Latvia reached a value of 29.795 million euros in 2023. Over the last two years, the market has experienced modest fluctuations with year-on-year variations of 0.66% in 2022 and 0.59% in 2023. This indicates a relatively stable market environment. Looking at the longer-term trend, the compound annual growth rate (CAGR) over the past five years has been 1.77%, reflecting moderate growth.
Future trends to watch for in the Latvian preserved vegetables market include:
- Changes in consumer preferences towards healthier preserved vegetable options.
- The impact of sustainability and organic labeling on market demand.
- Potential growth influenced by product innovations and expanding distribution channels.
- Fluctuations due to economic conditions impacting consumer spending.
How does Latvia rank in Preserved Vegetables Market Size Value?
| # | 19 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 5,027,800,000 | 2023 | +3.11% | +3.52% | View data |
| 2 | 2 France | 3,258,500,000 | 2023 | +1.31% | +0.8% | View data |
| 3 | 3 Spain | 2,538,400,000 | 2023 | +1.71% | +1.24% | View data |
| 4 | 4 Germany | 2,486,100,000 | 2023 | +0.35% | +0.52% | View data |
| 5 | 5 Netherlands | 1,568,700,000 | 2023 | +2.54% | +2.13% | View data |
| 17 | 17 Slovakia | 35,835,000 | 2023 | -3.61% | -1.03% | View data |
| 18 | 18 Slovenia | 35,773,000 | 2023 | +3.5% | +4.08% | View data |
| 19 | 19 Latvia | 29,795,000 | 2023 | +0.59% | +1.77% | |
