Milk powder with fat content of >1.5% market in Latvia

Earlier Report Observations

The market volume for milk powder with over 1.5% fat in Latvia experienced a notable increase in 2019, rising to 5 467 tons from 3 694 tons the previous year. After this peak, the market size gradually declined over the following three years, bottoming out at 4 566 tons in 2022, before recovering slightly to 4 895 tons in 2023.

This trajectory was influenced by shifts in domestic production, which mirrored the market's rise and fall, and by volatile trade patterns. Imports reached their highest point in 2022, while exports showed a general upward trend until 2022 before decreasing in 2023. Preliminary trade data for 2024 and 2025 indicates ongoing variability in both import and export volumes.

Production milk powder with fat content of >1.5% in Latvia

In kind, 2018-2021, K t

Top producers of milk powder with fat content of >1.5%, 2018-2021

World map of production of milk powder with fat content of >1.5%, 2018-2021

Latvia's production of milk powder with a fat content exceeding 1.5% declined for the second year in a row. In 2021, the country produced 5 thousand tons, marking a slight decrease of 0.7% compared to the previous year. Looking at the broader period from 2018 to 2021, production actually grew by 29%, which translates to an average annual increase of 8.9%. The peak was reached in 2019 with 5 thousand tons. The most significant drop occurred in 2020, when production fell by 10.2%, while the largest surge was recorded in 2019 with a 44.7% increase.

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

Exports milk powder with fat content of >1.5% from Latvia

Exports in kind, t

Latvia's exports of milk powder with a fat content over 1.5% rose for the third consecutive year. In 2021, export volumes totaled 574.8 tons, up 19.8% from the previous year. Over the four-year span from 2018 to 2021, exports expanded by 144.2%, reflecting a compound annual growth rate of 34.7%.

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

From 2018 to 2021, Estonia, Kazakhstan, and Lithuania remained the primary destinations for Latvia's milk powder exports with a fat content above 1.5%. Estonia accounted for 55.1% of export volumes, Kazakhstan for 15.3%, and Lithuania for 11.1%. Together, these three countries made up 81.5% of Latvia's total exports in this category.

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

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

Exports in value, K $ US

Latvia's exports of milk powder with a fat content exceeding 1.5% increased for the third year in a row. In 2021, the export value reached 1 616 thousand US dollars, a 38.4% rise compared to the previous year. Between 2018 and 2021, export value surged by 221.5%, equating to an average annual growth rate of 47.6%.

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

During the period from 2018 to 2021, Estonia, Kazakhstan, and Lithuania were the key partners for Latvia's milk powder exports by value, with fat content over 1.5%. Estonia held a 54.8% share of export value, Kazakhstan 23.3%, and Lithuania 8.9%. Collectively, these three countries represented 87.1% of Latvia's total export flows in this segment.

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

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

Imports milk powder with fat content of >1.5% to Latvia

Imports in kind, t

Following two years of growth, Latvia's imports of milk powder with a fat content above 1.5% declined. In 2021, import volumes stood at 593.8 tons, showing a sharp decrease of 19.3% compared to 2020. Over the 2018-2021 period, imports overall increased by 89.9%, which corresponds to an average annual rate of 23.8%. The highest import volume was recorded in 2020 at 735.7 tons, while the largest increase occurred in 2019 with a 65.4% jump.

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

From 2018 to 2021, Germany and Lithuania were the main sources for Latvia's imports of milk powder with a fat content over 1.5%, together accounting for 89.2% of total import volumes. Other countries played a relatively minor role in this trade.

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

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

Imports in value, K $ US

After a two-year upward trend, Latvia's imports of milk powder with a fat content exceeding 1.5% decreased. In 2021, the import value was 1 339 thousand US dollars, down 2.4% from the previous year. Over the 2018-2021 timeframe, import value grew by 85.9%, with a compound annual growth rate of 23.0%. The peak value was observed in 2020 at 1 371 thousand US dollars, and the most substantial increase happened in 2019 with a 47.8% rise.

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

In the years 2018 to 2021, Latvia's imports of milk powder with a fat content above 1.5% were primarily sourced from Germany and Lithuania. These two countries combined for 85.1% of total import value, while other origins had a more limited presence in the market.

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

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