Market research

Milk market in Latvia

Milk market in Latvia

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

Report language:
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Earlier Report Observations

Between 2018 and 2021, the volume of the Latvian milk market demonstrated notable stability, fluctuating within a narrow band just above 740 thousand tonnes. This period was characterized by consistent domestic production and balanced trade flows, with annual market size variations remaining below 1%.

A distinct shift occurred in 2022 when the market volume contracted by over 5% to 707 thousand tonnes. This downward movement was reversed the following year, with consumption rebounding to 742 thousand tonnes in 2023, marking a recovery of nearly 5%.

Table of content

  1. 1. Disclaimer
  2. 2. Terms of use of the report
  3. 3. Product codes in the statistical classifications used in the report
  4. 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. 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. 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. 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. 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. 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 in Latvia

In kind, 2018-2021, K t

Top producers of milk, 2018-2021

Source: SHEV.io

World map of production of milk, 2018-2021

Source: SHEV.io

Latvia's milk production has increased for the second consecutive year. In 2021, the country produced 992 K t of milk, which remained nearly unchanged from the 2020 level. The lowest production volume was recorded in 2019 at 981 K t. The largest decline occurred in 2019 with a 0.2% decrease, while the largest increase was seen in 2020 with a 0.9% rise.

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

Parameter201920202021CAGR
1Change from last year(0.2%)0.9%0.2%0.3%
Source: SHEV.io

Exports milk from Latvia

Exports in kind, K t

Milk exports from Latvia have grown for the third consecutive year. In 2021, export volume reached 402.8 K t, showing a moderate year-over-year increase of 6.8%. Between 2018 and 2021, exports rose by 14.1%, which translates to an annualized growth rate of 4.5%.

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

Parameter201920202021CAGR
1Change from last year1.2%5.5%6.8%4.5%
Source: SHEV.io

From 2018 to 2021, Latvia's export partner base for milk in physical terms was extremely narrow, with Lithuania alone accounting for 90.3% of total export flows.

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 exports in value terms reached 177.5 million US dollars in 2021, representing a sharp year-over-year increase of 26.0%. Between 2018 and 2021, export value grew by 26.5%, equating to an annualized rate of 8.1%. The largest decline was recorded in 2020 with a 1.7% decrease.

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

Parameter201920202021CAGR
1Change from last year2.1%(1.7%)26.0%8.1%
Source: SHEV.io

Throughout the 2018-2021 period, Lithuania dominated Latvia's milk export structure in value terms, accounting for 82.6% of total flows, while other destinations remained relatively minor.

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 to Latvia

Imports in kind, K t

Latvia's milk imports have increased for the third consecutive year. In 2021, import volume reached 156.4 K t, up by 12.5% compared to the previous year. Between 2018 and 2021, imports grew by 29.7%, which corresponds to an annualized growth rate of 9.1%.

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

Parameter201920202021CAGR
1Change from last year8.3%6.4%12.5%9.1%
Source: SHEV.io

From 2018 to 2021, Estonia and Lithuania together accounted for 88.1% of Latvia's total milk imports in physical terms, with the remaining volume distributed among smaller markets.

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 imports in value terms have risen for the third consecutive year. In 2021, imports amounted to 88.1 million US dollars, marking a significant 19.0% increase compared to 2020. Between 2018 and 2021, import value increased by 40.4%, equating to an annualized growth rate of 12.0%.

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

Parameter201920202021CAGR
1Change from last year8.4%8.8%19.0%12.0%
Source: SHEV.io

During the 2018-2021 period, Estonia and Lithuania were the dominant suppliers of milk to Latvia in value terms, together representing 83.7% of total imports, while other partners played a less significant role.

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

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