| Product Code: ETC5381367 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Latvia continued to rely on Lithuania, Germany, and Netherlands as its top sheep meat import partners. Despite a high concentration with a high Herfindahl-Hirschman Index (HHI), the market experienced a significant decline with a Compound Annual Growth Rate (CAGR) of -6.74% from 2020 to 2024. The growth rate in 2024 plummeted by -53.96%, indicating a challenging year for sheep meat imports in Latvia. Continued monitoring and strategic adjustments may be necessary to navigate the changing landscape of the market.

In the Europe region, the Sheep Meat market in Latvia is projected to expand at a stable growth rate of 4.27% by 2027. The largest economy is Germany, followed by United Kingdom, France, Italy and Russia.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Latvia Sheep Meat Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Sheep Meat Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Sheep Meat Market - Industry Life Cycle |
3.4 Latvia Sheep Meat Market - Porter's Five Forces |
3.5 Latvia Sheep Meat Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Sheep Meat Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Latvia Sheep Meat Market Revenues & Volume Share, By Offering, 2021 & 2031F |
3.8 Latvia Sheep Meat Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Latvia Sheep Meat Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the health benefits of sheep meat |
4.2.2 Growing demand for organic and locally sourced food products |
4.2.3 Government support and initiatives to promote sheep farming industry in Latvia |
4.3 Market Restraints |
4.3.1 Seasonal fluctuations in sheep meat production and supply |
4.3.2 Competition from other meat products like pork and poultry |
4.3.3 Price volatility in the sheep meat market due to factors like feed costs and weather conditions |
5 Latvia Sheep Meat Market Trends |
6 Latvia Sheep Meat Market Segmentations |
6.1 Latvia Sheep Meat Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Sheep Meat Market Revenues & Volume, By Organic, 2021-2031F |
6.1.3 Latvia Sheep Meat Market Revenues & Volume, By Conventional, 2021-2031F |
6.2 Latvia Sheep Meat Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Sheep Meat Market Revenues & Volume, By Fresh, 2021-2031F |
6.2.3 Latvia Sheep Meat Market Revenues & Volume, By Frozen, 2021-2031F |
6.2.4 Latvia Sheep Meat Market Revenues & Volume, By Processed, 2021-2031F |
6.3 Latvia Sheep Meat Market, By Offering |
6.3.1 Overview and Analysis |
6.3.2 Latvia Sheep Meat Market Revenues & Volume, By Neck, 2021-2031F |
6.3.3 Latvia Sheep Meat Market Revenues & Volume, By Shoulder, 2021-2031F |
6.3.4 Latvia Sheep Meat Market Revenues & Volume, By Rib, 2021-2031F |
6.3.5 Latvia Sheep Meat Market Revenues & Volume, By Breast, 2021-2031F |
6.3.6 Latvia Sheep Meat Market Revenues & Volume, By Leg, 2021-2031F |
6.3.7 Latvia Sheep Meat Market Revenues & Volume, By Foreshank, 2021-2031F |
6.4 Latvia Sheep Meat Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Latvia Sheep Meat Market Revenues & Volume, By Direct, 2021-2031F |
6.4.3 Latvia Sheep Meat Market Revenues & Volume, By Indirect, 2021-2031F |
7 Latvia Sheep Meat Market Import-Export Trade Statistics |
7.1 Latvia Sheep Meat Market Export to Major Countries |
7.2 Latvia Sheep Meat Market Imports from Major Countries |
8 Latvia Sheep Meat Market Key Performance Indicators |
8.1 Average price per kilogram of sheep meat |
8.2 Number of sheep farms and farmers in Latvia |
8.3 Consumer demand for organic and locally sourced sheep meat |
9 Latvia Sheep Meat Market - Opportunity Assessment |
9.1 Latvia Sheep Meat Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Sheep Meat Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.3 Latvia Sheep Meat Market Opportunity Assessment, By Offering, 2021 & 2031F |
9.4 Latvia Sheep Meat Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Latvia Sheep Meat Market - Competitive Landscape |
10.1 Latvia Sheep Meat Market Revenue Share, By Companies, 2024 |
10.2 Latvia Sheep Meat Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |