In 2023, the Butter and Dairy Spreads market in Latvia reached a value of 54.684 million euros. Over the past decade, the market displayed significant variability, with a notable surge in 2017 followed by stability and smaller fluctuations. Year-on-year growth in 2023 was 4.11%, with a five-year CAGR of 2.32%, indicating modest growth trends.
Looking ahead, watch for:
- Consumer demand shifts towards healthier and innovative dairy product options.
- Impacts of potential economic changes and policy shifts within the EU on dairy prices.
- Technological advancements in dairy processing and packaging.
How does Latvia rank in Butter and Dairy Spreads Market Size Value?
| # | 16 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 1,073,200,000 | 2023 | -0.87% | -0.24% | View data |
| 2 | 2 Austria | 417,950,000 | 2023 | +2.9% | +1.3% | View data |
| 3 | 3 Czech Republic | 399,910,000 | 2023 | +2.58% | +1.38% | View data |
| 4 | 4 Ireland | 292,460,000 | 2023 | -5.05% | -4.6% | View data |
| 5 | 5 Romania | 231,970,000 | 2023 | +4.62% | +5.36% | View data |
| 12 | 12 Croatia | 87,352,000 | 2023 | +2.69% | +1.9% | View data |
| 13 | 13 Bulgaria | 78,058,000 | 2023 | +5.91% | +5.44% | View data |
| 14 | 14 Latvia | 54,684,000 | 2023 | +4.11% | +2.32% | |
| 15 | 15 Slovenia | 44,769,000 | 2023 | +6.82% | +2.34% | View data |
| 16 | 16 Estonia | 43,149,000 | 2023 | +5.52% | +1.21% | View data |
