Sweetened or flavoured mineral and aerated waters market in Latvia

Earlier Report Observations

From 2018 to 2021, the market volume for sweetened or flavoured mineral and aerated waters in Latvia grew from 25 058 thousand liters to 41 172 thousand liters. This expansion was supported by the continued production of flavoured variants, such as 'Mangaļi' with carbonation and 'Mangals' with lemon flavor, and by investments in production capacity. In 2019, the company 'Dobeles dzirnavnieks' invested €11.9 million to increase its production capabilities, signaling broader investment in the food and beverage processing sector which likely bolstered output.

The year 2022 saw a significant energy crisis drive up production costs across the industry, as sharply rising prices for natural gas and electricity affected manufacturing expenses for beverages. Concurrently, new labeling requirements mandating the display of the country of origin on food packaging began to influence product presentation. Furthermore, the competitive landscape evolved as new retail players, including LIDL and SPAR, entered the market between 2018 and 2022, intensifying competition and potentially broadening product availability for consumers.

In the following years, import and export volumes continued their upward trend, with imports reaching 50 592 thousand liters by 2025. Planned legislative amendments concerning tax administration and the ongoing enforcement of origin labeling rules remained relevant factors for the sector. Consumer choice continued to be influenced by factors such as product quality, taste, and composition, alongside broader economic conditions.

Production sweetened or flavoured mineral and aerated waters in Latvia

In value, 2018-2021, K $ US

Latvia's production of sweetened or flavoured mineral and aerated waters has increased for the third consecutive year. In 2021, output was valued at 21 490 thousand US dollars, marking a 12.0% rise compared to the previous year. Between 2018 and 2021, production grew by 34.7%, which translates to an annualized rate of 10.4%.

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

In kind, 2018-2021, K l

Production of sweetened or flavoured mineral and aerated waters in Latvia has risen for the third year in a row. In 2021, Latvia produced 33 788 thousand litres, up by 9.1% from the previous year. From 2018 to 2021, production increased by 52.7%, corresponding to an annualized growth rate of 15.2%.

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

Exports sweetened or flavoured mineral and aerated waters from Latvia

Exports in kind, K l

In 2021, Latvia exported 35 273 thousand litres of sweetened or flavoured mineral and aerated waters, showing a robust increase of 17.2% compared to 2020. Over the period from 2018 to 2021, exports grew by 26.5%, with a compound annual growth rate (CAGR) of 8.2%. The largest decline occurred in 2020, at 2.7%.

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

From 2018 to 2021, the main buyers of sweetened or flavoured mineral and aerated waters from Latvia were Lithuania (accounting for 62.3% of exports in volume), Estonia (16.8%), and Russia (5.0%). Together, these three countries comprised 84.0% of total exports in volume.

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

In 2021, Latvia exported sweetened or flavoured mineral and aerated waters worth 13 501 thousand US dollars, up by 14.1% from the prior year. Between 2018 and 2021, however, exports decreased by 10.3%, equating to an annualized decline of 3.6%. The minimum value was recorded in 2020 at 11 837 thousand US dollars, while the maximum was in 2019 at 16 974 thousand US dollars. The largest drop occurred in 2020, with a 30.3% decline.

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

Throughout 2018–2021, the key partners for Latvia's exports of sweetened or flavoured mineral and aerated waters in value terms were Lithuania (47.1% of exports), Estonia (16.0%), and Israel (8.8%). Collectively, these countries represented 72.0% of total export flows.

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

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

Imports sweetened or flavoured mineral and aerated waters to Latvia

Imports in kind, K l

Imports of sweetened or flavoured mineral and aerated waters into Latvia have increased for the second consecutive year. In 2021, imports reached 42 658 thousand litres, reflecting a strong rise of 20.1% compared to the previous year. Over the period from 2018 to 2021, imports grew by 38.4%, with a CAGR of 11.4%. The lowest volume was recorded in 2019 at 30 446 thousand litres, with the largest decline that year at 1.2%.

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

From 2018 to 2021, the main sources of sweetened or flavoured mineral and aerated waters imported into Latvia were Lithuania (36.9% of imports in volume), Estonia (27.4%), and Poland (8.6%). Together, these countries accounted for 72.9% of total imports in volume.

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

Latvia's imports of sweetened or flavoured mineral and aerated waters have increased for the third consecutive year. In 2021, imports were valued at 13 501 thousand US dollars, which is 34.0% higher than the previous year. Over the period from 2018 to 2021, imports rose by 61.3%, corresponding to a CAGR of 17.3%.

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

Over 2018–2021, the biggest contributors to Latvia's imports of sweetened or flavoured mineral and aerated waters in value terms were Lithuania (24.8% of imports), Austria (18.3%), and Estonia (14.3%). Together, these three countries made up 57.4% of total import flows.

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

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