Mineral and aerated waters market in Latvia

Earlier Report Observations

The mineral and aerated water market in Latvia began the period at 121.5 million liters in 2018, a year when the Competition Council initiated oversight of the retail sector affecting market structure and local producers like 'Mangaļi' and 'Venden mežavots' solidified their presence. By 2020, the COVID-19 pandemic sharply reduced demand in commercial sectors, contracting the market volume to 93.9 million liters.

A recovery to 102.5 million liters took place in 2021 amid ongoing regulatory supervision. The following year, the market faced trade restrictions and rising energy prices resulting from Russia's invasion of Ukraine, yet the total volume expanded to 124.0 million liters.

After stabilizing at 121.6 million liters in 2023, the market volume reached 137.0 million liters by 2024, demonstrating resilience through the latter part of the period.

Production mineral and aerated waters in Latvia

In value, 2018-2021, K $ US

Following two consecutive years of decline, Latvia's production of mineral and aerated waters showed signs of recovery. In 2021, output reached 13 076 thousand US dollars, marking a 7.1% increase compared to 2020. However, looking at the broader period from 2018 to 2021, production fell by 21.7%, with an average annual decline of 7.8%. The lowest point occurred in 2020, when production dropped to 12 204 thousand US dollars, representing the steepest decline of 17.8% during this timeframe.

Annual dynamics of production in Latvia in value, 2018-2021, K $ US

In kind, 2018-2021, K l

After two years of contraction, Latvia's production of mineral and aerated waters rebounded in volume terms. In 2021, the country produced 51 888 thousand liters, reflecting a year-over-year increase of 7.1%. Despite this recent uptick, production over the 2018-2021 period decreased by 28.2%, translating to an average annual decline of 10.5%. The volume hit its lowest level in 2020 at 48 461 thousand liters, which also saw the most significant drop of 25.5%.

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

Exports mineral and aerated waters from Latvia

Exports in kind, K l

Latvia's exports of mineral and aerated waters in volume terms reversed a two-year downward trend. In 2021, the country exported 4 042 thousand liters, representing a substantial 21.7% increase compared to the previous year. However, over the 2018-2021 period, exports declined by 24.6%, with an average annual decrease of 9.0%. The lowest export volume was recorded in 2020 at 3 320 thousand liters, which experienced the sharpest decline of 33.1%.

Annual dynamics of product's exports from Latvia in kind, 2018-2021, K l

From 2018 to 2021, Lithuania, Estonia, and the United Kingdom formed the core destinations for Latvia's mineral and aerated waters exports in volume terms. Lithuania accounted for 52.5% of exports, Estonia for 25.1%, and the United Kingdom for 5.1%. Together, these three countries represented 82.7% of total export flows during this period.

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

After two years of decline, Latvia's mineral and aerated waters exports in value terms saw a notable recovery. In 2021, exports amounted to 1 710 thousand US dollars, up by 32.4% compared to 2020. Despite this recent growth, exports between 2018 and 2021 decreased by 19.4%, equivalent to an average annual decline of 6.9%. The lowest value was recorded in 2020 at 1 291 thousand US dollars, which also experienced the largest drop of 33.7%.

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

Between 2018 and 2021, Lithuania, Estonia, and Russia were the principal destinations for Latvia's mineral and aerated waters exports in value terms. Lithuania accounted for 27.2% of exports, Estonia for 26.1%, and Russia for 9.0%. Collectively, these three markets represented 62.3% of total export flows during this timeframe.

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

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

Imports mineral and aerated waters to Latvia

Imports in kind, K l

Latvia's imports of mineral and aerated waters in volume terms ended a two-year decline. In 2021, imports totaled 54 643 thousand liters, reflecting a 12.0% increase compared to the previous year. The lowest import volume was recorded in 2020 at 48 770 thousand liters, while the largest decline occurred in 2019 with an 8.7% drop.

Annual dynamics of product's imports to Latvia in kind, 2018-2021, K l

From 2018 to 2021, Lithuania dominated Latvia's imports of mineral and aerated waters in volume terms, accounting for 70.4% of total flows. Other countries collectively made up the remaining share during this period.

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

Following two years of contraction, Latvia's imports of mineral and aerated waters in value terms rebounded. In 2021, imports reached 16 860 thousand US dollars, showing a significant 13.1% increase compared to 2020. Over the 2018-2021 period, imports grew by 6.2%, with an average annual increase of 2.0%. The lowest value was recorded in 2020 at 14 908 thousand US dollars, while the largest decline occurred in 2019 with a 3.8% drop.

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

Between 2018 and 2021, Lithuania remained the dominant partner for Latvia's imports of mineral and aerated waters in value terms, holding a 71.1% share of total flows. Other markets collectively formed a long tail, accounting for the remainder.

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

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