The data on meat price per kilogram in Latvia from 2010 to 2020 shows a general upward trend with some fluctuations. In 2012 and 2013, prices surged, followed by a decline in 2014. From 2015, prices gradually increased, peaking in 2018. Recent years showed moderate stability, with 2020 ending at slightly higher levels than 2019. The year-on-year variation over the last two years was minimal, with a five-year CAGR displaying steady moderate growth.
Looking ahead, watch for potential impacts of climate change on livestock farming costs, shifts in consumer preferences toward sustainable meat, and global market volatility as significant influencers on future meat prices in Latvia.
