The market for preparations for animal feeds in Latvia, excluding dog or cat food, reflected steady growth with fluctuations from 2013 to 2023, reaching 299.73 million kilograms in 2023. Despite occasional declines like in 2016, the trend from 2013 showed an overall increase, highlighted by positive growth years such as 2014 and 2020. The compound annual growth rate over the last five years stood at around 1.98%, suggesting moderate expansion. Recent years, particularly 2022 and 2023, displayed slight year-on-year growth, stabilizing after previous larger variances.
Future trends to watch include:
- Impact of environmental regulations on feed production.
- Technological advancements in feed formulation.
- Potential shifts in agricultural practices influencing animal feed demands.
How does Latvia rank in Preparations for Animal Feeds (Excluding Dog or Cat Food) Market Size Volume?
| # | 21 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 27,624,000,000 | 2023 | +1.28% | +1.66% | View data |
| 2 | 2 Germany | 23,001,000,000 | 2023 | -0.74% | -0.28% | View data |
| 3 | 3 France | 19,978,000,000 | 2023 | -0.13% | -0.6% | View data |
| 4 | 4 United Kingdom | 16,104,000,000 | 2023 | +0.37% | +0.046% | View data |
| 5 | 5 Netherlands | 13,503,000,000 | 2023 | +1.6% | -0.045% | View data |
| 18 | 18 Lithuania | 458,240,000 | 2023 | -1.35% | -1.46% | View data |
| 19 | 19 Slovenia | 443,790,000 | 2023 | +1.86% | +2.59% | View data |
| 20 | 20 Latvia | 299,730,000 | 2023 | +2.18% | +1.98% | |
| 21 | 21 Estonia | 265,740,000 | 2023 | +2.49% | +2.85% | View data |
