Report Update Mar 1, 2025

Latvia - Goat Meat - Market Analysis, Forecast, Size, Trends and Insights

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Latvia: Goat Meat Market 2025

Goat Meat Market Size in Latvia

In 2022, after two years of growth, there was significant decline in the Latvian goat meat market, when its value decreased by -25.1% to $X. In general, consumption, however, enjoyed a significant increase. Over the period under review, the market hit record highs at $X in 2021, and then contracted sharply in the following year.

Goat Meat Production in Latvia

In value terms, goat meat production shrank slightly to $X in 2022 estimated in export price. In general, production showed a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 391%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

The average yield of goat meat in Latvia dropped slightly to X kg per head in 2022, stabilizing at the previous year. Over the period under review, the yield, however, posted a significant increase. The pace of growth was the most pronounced in 2018 with an increase of 543% against the previous year. Over the period under review, the average goat meat yield reached the maximum level at X kg per head in 2021, and then fell in the following year.

The number of animals slaughtered for goat meat production in Latvia was estimated at X heads in 2022, remaining relatively unchanged against 2021. This number increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 24%. As a result, the amount of producing animals reached the peak level of X heads. From 2018 to 2022, the growth of this number remained at a somewhat lower figure.

Goat Meat Exports

Exports from Latvia

In 2022, exports of goat meat from Latvia surged to X kg, increasing by 20% on the year before. In general, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 1,844%. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, goat meat exports contracted to $X in 2022. Over the period under review, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2016 when exports increased by 1,840%. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Finland (X kg) was the main destination for goat meat exports from Latvia, accounting for a approx. 100% share of total exports.

From 2014 to 2022, the average annual rate of growth in terms of volume to Finland amounted to +31.6%.

In value terms, Finland ($X) also remains the key foreign market for goat meat exports from Latvia.

From 2014 to 2022, the average annual growth rate of value to Finland stood at +27.2%.

Export Prices by Country

The average goat meat export price stood at $X per ton in 2022, with a decrease of -24.9% against the previous year. In general, the export price showed a noticeable contraction. The pace of growth appeared the most rapid in 2021 when the average export price increased by 34% against the previous year. As a result, the export price reached the peak level of $X per ton, and then shrank sharply in the following year.

As there is only one major export destination, the average price level is determined by prices for Finland.

From 2014 to 2022, the rate of growth in terms of prices for Lithuania amounted to +4.2% per year.

Goat Meat Imports

Imports into Latvia

In 2021, imports of goat meat into Latvia shrank significantly to X kg, with a decrease of -98.3% compared with 2020. Overall, imports recorded a significant contraction. The most prominent rate of growth was recorded in 2016 when imports increased by 252%. Imports peaked at X kg in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, goat meat imports reduced notably to $X in 2021. In general, imports continue to indicate a significant decline. The most prominent rate of growth was recorded in 2016 when imports increased by 166% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Lithuania (X kg) was the main supplier of goat meat to Latvia, accounting for a approx. 100% share of total imports.

From 2014 to 2021, the average annual growth rate of volume from Lithuania was relatively modest.

In value terms, Lithuania ($X) constituted the largest supplier of goat meat to Latvia.

From 2014 to 2021, the average annual growth rate of value from Lithuania was relatively modest.

Import Prices by Country

The average goat meat import price stood at $X per ton in 2021, picking up by 100% against the previous year. Over the period under review, the import price showed strong growth. The pace of growth was the most pronounced in 2015 when the average import price increased by 212%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Lithuania.

From 2014 to 2021, the rate of growth in terms of prices for Germany amounted to -13.8% per year.

Source: IndexBox Platform

This report provides an in-depth analysis of the goat meat market in Latvia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 1017 - Goat meat

Country coverage:

Latvia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Latvia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2024
23. Production, In Value Terms, 2012–2024
24. Producing Animals Slaughtered, 2012–2024
25. Yield, 2012–2024
26. Imports, In Physical Terms, 2012–2024
27. Imports, In Value Terms, 2012–2024
28. Imports, In Physical Terms, By Country, 2024
29. Imports, In Physical Terms, By Country, 2012–2024
30. Imports, In Value Terms, By Country, 2012–2024
31. Import Prices, By Country Of Origin, 2012–2024
32. Exports, In Physical Terms, 2012–2024
33. Exports, In Value Terms, 2012–2024
34. Exports, In Physical Terms, By Country, 2024
35. Exports, In Physical Terms, By Country, 2012–2024
36. Exports, In Value Terms, By Country, 2012–2024
37. Export Prices, By Country Of Destination, 2012–2024