Latvia: Meat Market 2025

Meat Market Size in Latvia

The Latvian meat market surged to $X in 2022, jumping by X% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Meat Production in Latvia

In value terms, meat production shrank modestly to $X in 2022 estimated in export price. In general, production showed a slight shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Meat production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The average yield of meat in Latvia reduced modestly to X kg per head in 2022, with a decrease of X% on the year before. Overall, the yield, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X kg per head, and then reduced modestly in the following year.

In 2022, the number of animals slaughtered for meat production in Latvia was estimated at X heads, almost unchanged from the year before. Overall, the number of producing animals, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, this number reached the peak level at X heads in 2019; however, from 2020 to 2022, producing animals remained at a lower figure.

Meat Exports

Exports from Latvia

After two years of growth, overseas shipments of meat decreased by X% to X tons in 2022. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of X tons, and then contracted in the following year.

In value terms, meat exports expanded significantly to $X in 2022. Overall, total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons), Lithuania (X tons) and Estonia (X tons) were the main destinations of meat exports from Latvia, with a combined X% share of total exports. Finland, Germany, Norway and Poland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Lithuania ($X) and Estonia ($X) constituted the largest markets for meat exported from Latvia worldwide, together accounting for X% of total exports. Finland, Germany, Norway and Poland lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Norway, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average meat export price amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (X%), while the prices for the other major destinations experienced more modest paces of growth.

Meat Imports

Imports into Latvia

After two years of growth, supplies from abroad of meat decreased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, meat imports soared to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Denmark (X tons), Poland (X tons) and Lithuania (X tons) were the main suppliers of meat imports to Latvia, together accounting for X% of total imports. Estonia, Belgium, Germany and the Netherlands lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest meat suppliers to Latvia were Lithuania ($X), Poland ($X) and Estonia ($X), with a combined X% share of total imports. Denmark, Belgium, Germany and the Netherlands lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, the Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average meat import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price continues to indicate modest growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform