Food industry is the largest processing sector in Latvia and it stands for the fifth part of the added value in the processing industry

Nevertheless, the economic situation and a relatively low purchasing power, the food industry is maintaining its leading position because food ranks first in the consumer basket among other goods. In 2009, the sector suffered the second sharpest reduction in turnover in EU, production volumes of food and beverages reduced by 19,3% as compared with the previous year, but since 2010, a considerable increase can be observed, in 2012 this increase in turnover was by 3% as compared with the previous year, but in 2013 – even by 9% as compared with 2012.

Added values in the food and beverages sector, its share in the total Latvia’s added value and dynamics of marketed produce values (NACE

Source: Central Statistical Bureau

In 2013, the added value of the sector was EUR 654.9 million, as compared with 2009 it increased by 30%, showing a smooth annual growth. The share of the sector in the total added value lately stayed stable with slight changes.

In 2013, in sales of food, the turnover of marketed products showed a considerable increase by 9% almost reaching the highest level of 2008.

Increase in value of sales was influenced most of all by 18.7% increase in volumes of processed fish products and increase in processing of fruits and vegetable by 16.2% and milk production by 15.2%.

Dynamics of the number of employed in food and beverages sector and the share in the total number of employed in the country (NACE; 2008-2011 –
re-calculation according to data of census 2011)

Source: Central Statistical Bureau

In 2008, the number of employed people in the food and beverages sector was 35.8 thousand followed by a considerable decrease. In 2012, a slight increase was observed - by 9.1%, as compared with 2011. However, in 2013, again the number of employed in the food and beverages sector decreased – by 9.3% as compared with the previous year, reaching the lowest indicator in the last years – 3% of the total number of employed in Latvia.

Table 3.1. Sales of food in 2011-2013, EUR mio

*Confidential data or data is not available (Data have been collected on NACE economically active enterprises, employing in their industrial production 20 and more people or the previous year’s industrial turnover was above EUR 427 thousand)

Source: Central Statistical Bureau.

The food industry is traditionally oriented to the internal market, about 70% of the products produced by the food and beverages sector is distributed on domestic market. In 2011, the value of marketing on the domestic market increased by 5% for the first time after crisis. However, in general there is a downward trend in the annual local market share against the total trade in products of the food and beverages industry and the share of exports shows a growing trend. In 2013, similar to previous years, the largest share of exports in the sector of food and beverages could be attributed to fish processing products and canned fish (75%), processed fruits and vegetables (53%) and beverages (37%).

Dynamics of the value of marketed food and beverages products (NACE

Source: Central Statistical Bureau

The structure of the marketed value of food and beverages in the latest years has not changed considerably. In 2013, the largest share has sales of dairy products – 21.9%, meat and meat products – 19.6% and beverages – 13.5%.

Structure of the marketed value of food and beverages in 2013, %

Source: Ministry of Agriculture

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