Market research

Milk and cream market in Latvia

Release date: Mar 27, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The market volume for not concentrated, not sweetened milk and cream in Latvia decreased from 987 thousand tonnes in 2018 to 957 thousand tonnes in 2020. New dairy processing companies, including SIA 'Nīcas siers', entered the market in 2019, but the onset of the COVID-19 pandemic in 2020 created operational challenges and contributed to the closure of small processors like Dundagas pienotava.

From 2021 to 2022, the market volume continued to decline, reaching a low of 883 thousand tonnes in 2022. This sharp drop was primarily driven by high raw material and energy costs, which increased production expenses and affected pricing. In response, state and EU support programs for school milk distribution raised subsidy rates to help offset these rising costs.

In 2023, the market volume recovered to 925 thousand tonnes, supported by growing consumer demand for fresh milk and cream products. Dairy processors adapted by seeking new export markets and collaborating with larger food producers. For the later years, planned changes in tax regulation and continued investment in production capacity and sustainable technologies are noted factors for the sector.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Latvia
  1. 5.1.1. In kind, 2018-2023, K t
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, K t
  2. 5.2.2. In value, 2018-2024, M $ US
3. 5.3. Global production by Country, 2018-2023
  1. 5.3.1. Global Production by Country in kind
    1. 5.3.1.1. Annual dynamics of production by country in kind, 2018-2023, K t
    2. 5.3.1.2. Structure of production by countries in kind, 2018-2023
    3. 5.3.1.3. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, K t
    1. 6.1.2.1. Annual dynamics of product's imports to Latvia in kind, 2018-2025, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to Latvia by countries, 2018-2025, K t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.1.3. Imports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Latvia in value, 2018-2025, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Latvia by countries, 2018-2025, M $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Latvia, 2018-2025, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Latvia by countries, 2018-2025, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K t
    1. 6.2.2.1. Annual dynamics of product's imports to Latvia in kind, 2018-2025, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to Latvia by countries, 2018-2025, K t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.2.3. Imports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Latvia in value, 2018-2025, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Latvia by countries, 2018-2025, M $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Latvia, 2018-2025, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Latvia by countries, 2018-2025, $ US/t
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K t
    1. 7.1.2.1. Annual dynamics of product's exports from Latvia in kind, 2018-2025, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from Latvia by countries, 2018-2025, K t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.1.3. Exports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Latvia in value, 2018-2025, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Latvia by countries, 2018-2025, M $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Latvia, 2018-2025, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Latvia by countries, 2018-2025, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K t
    1. 7.2.2.1. Annual dynamics of product's exports from Latvia in kind, 2018-2025, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from Latvia by countries, 2018-2025, K t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.2.3. Exports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Latvia in value, 2018-2025, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Latvia by countries, 2018-2025, M $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Latvia, 2018-2025, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Latvia by countries, 2018-2025, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K t
  2. 8.2.2. In value, M $ US
9. Top buying and selling countries, 2018-2025
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production milk and cream in Latvia

In kind, 2018-2021, K t

Top producers of milk and cream, 2018-2021

Source: SHEV.io

World map of production of milk and cream, 2018-2021

Source: SHEV.io

In 2019, Latvia's milk and cream production reached its lowest point at 1 189 K t, declining by 2.2% from the previous year. Production then rebounded in 2020 with a 0.6% increase. In 2021, output remained relatively stable at 1 194 K t, showing little change compared to 2020.

Annual dynamics of production in Latvia in kind, 2018-2021, K t

Parameter		2019	2020	2021	CAGR
1	Change from last year	(2.2%)	0.6%	(0.2%)	(0.6%)

Source: SHEV.io

Exports milk and cream from Latvia

Exports in kind, K t

Latvia's milk and cream exports have grown for three consecutive years. In 2021, shipments abroad reached 400.5 K t, marking a 7.0% increase from the previous year. Over the 2018-2021 period, exports rose by 15.6%, with an average annual growth rate of 4.9%.

Annual dynamics of product's exports from Latvia in kind, 2018-2021, K t

Parameter		2019	2020	2021	CAGR
1	Change from last year	0.9%	7.1%	7.0%	4.9%

Source: SHEV.io

From 2018 to 2021, Lithuania was the overwhelmingly dominant market for Latvia's milk and cream exports in kind, accounting for 91.4% of the total.

Structure of product's exports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Latvia in kind, 2018-2021

Source: SHEV.io

Exports in value, M $ US

Latvia's milk and cream exports in value terms have increased for two consecutive years. In 2019, exports hit their lowest point at 126.6 M $ US, declining by 2.2% from the previous year. By 2021, exports surged to 171.6 M $ US, a sharp 27.3% rise from 2020. Overall, between 2018 and 2021, exports grew by 32.6%, with an average annual rate of 9.9%.

Annual dynamics of product's exports from Latvia in value, 2018-2021, M $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	(2.2%)	6.4%	27.3%	9.9%

Source: SHEV.io

During 2018-2021, Lithuania dominated Latvia's milk and cream exports in value terms, absorbing 87.8% of total flows, while numerous smaller partners made up the remainder.

Structure of product's exports in value by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Latvia in value, 2018-2021

Source: SHEV.io

Imports milk and cream to Latvia

Imports in kind, K t

Latvia's milk and cream imports in kind have risen for three straight years. In 2021, import volumes stood at 152.6 K t, up 12.9% from the previous year. From 2018 to 2021, imports increased by 30.1%, with an average annual growth rate of 9.2%.

Annual dynamics of product's imports to Latvia in kind, 2018-2021, K t

Parameter		2019	2020	2021	CAGR
1	Change from last year	8.4%	6.3%	12.9%	9.2%

Source: SHEV.io

Between 2018 and 2021, Estonia and Lithuania were the dominant suppliers of milk and cream to Latvia in kind, together accounting for 88.5% of total imports, while other partners played a less significant role.

Structure of product's imports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Latvia in kind, 2018-2021

Source: SHEV.io

Imports in value, M $ US

Latvia's milk and cream imports in value terms have grown for three consecutive years. In 2021, imports totaled 78.8 M $ US, a strong 19.7% increase year-over-year. Over the 2018-2021 period, imports rose by 38.8%, with an average annual rate of 11.5%.

Annual dynamics of product's imports to Latvia in value, 2018-2021, M $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	7.0%	8.4%	19.7%	11.5%

Source: SHEV.io

From 2018 to 2021, Estonia and Lithuania remained the key partners for Latvia's milk and cream imports in value terms, together representing 84.5% of total flows, with other countries accounting for the rest.

Structure of product's imports in value by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Latvia in value, 2018-2021

Source: SHEV.io