The frozen bovine meat market in Latvia reached 1,751.2 thousand kilograms in 2023. The market showed robust growth from 2013 to 2023, with volume consistently increasing each year. Over the last five years, the compound annual growth rate (CAGR) stood at 4.56%, with the most recent years witnessing a steady yet slowing year-on-year percentage growth, specifically 6.04% from 2020 to 2021, 5.63% from 2021 to 2022, and 5.27% from 2022 to 2023. This indicates a period of stabilization in demand.
Future trends to watch for:
- Potential shifts in consumer preferences towards plant-based alternatives, impacting demand dynamics.
- Geopolitical factors influencing trade and supply chain efficiencies.
- Technological advancements in preservation and distribution influencing market reach.
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 282,500,000 | 2023 | -2.81% | -0.1% | View data |
| 2 | 2 Ireland | 92,319,000 | 2023 | +1.71% | +1.6% | View data |
| 3 | 3 United Kingdom | 88,229,000 | 2023 | +1.5% | +1.37% | View data |
| 4 | 4 Germany | 67,612,000 | 2023 | +5.97% | +3.13% | View data |
| 5 | 5 Sweden | 40,377,000 | 2023 | -0.18% | +0.26% | View data |
| 8 | 8 Denmark | 5,862,400 | 2023 | -1.99% | -1.47% | View data |
| 9 | 9 Slovenia | 1,905,300 | 2023 | +2.73% | +1.02% | View data |
| 10 | 10 Latvia | 1,751,200 | 2023 | +5.27% | +4.56% | |
