The non-processed cheese market in Latvia, as of 2023, stood at approximately 14.444 million kilograms. Over the recent years, the market experienced fluctuations with a notable increase in 2015 and downturns in 2014 and 2021. The period from 2019 to 2023 saw a compounded annual growth rate (CAGR) of just 0.25%, indicating a relatively stable market with slight growth. The year-on-year variations highlight significant fluctuations, with a notable recovery in 2022.
Future trends to watch include potential shifts in consumer preferences towards locally sourced products and health-conscious options. Additionally, market dynamics may be influenced by changes in import-export regulations and regional economic conditions. Monitoring these factors can provide insights into potential growth areas and demand shifts within the cheese market.
How does Latvia rank in Non-Processed Cheese Market Size Volume?
| # | 20 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 1,017,300,000 | 2023 | +1.57% | -0.44% | View data |
| 2 | 2 United Kingdom | 523,280,000 | 2023 | +0.37% | +0.46% | View data |
| 3 | 3 Poland | 353,160,000 | 2023 | +1.98% | +2.33% | View data |
| 4 | 4 Greece | 186,100,000 | 2023 | +1.86% | -0.27% | View data |
| 5 | 5 Sweden | 168,630,000 | 2023 | +1.08% | +2.04% | View data |
| 17 | 17 Slovenia | 20,200,000 | 2023 | +0.13% | -0.7% | View data |
| 18 | 18 Lithuania | 17,875,000 | 2023 | +1.59% | +3.39% | View data |
| 19 | 19 Latvia | 14,444,000 | 2023 | +1.11% | +0.25% | |
| 20 | 20 Luxembourg | 8,035,600 | 2023 | +4.39% | +5.49% | View data |
