Despite the expected gradual return to normality and the return of pre-pandemic chocolate snacking occasions, consumption will remain limited due to higher prices and increasing economic uncertainty. Consequently, chocolate confectionery is not expected to resume pre-pandemic volume sales until 2025.
The population of Latvia has been declining for several years and will continue to do so over the forecast period. This is a result of both negative natural growth and negative net migration as more Latvians are leaving the country than immigrants coming to it.
After being impacted the most by the pandemic, seasonal chocolate is set to drive the highest volume and value sales across the forecast period. As Christmas coincides with the beginning of the forecast period, the sales generated during the holidays will likely give seasonal chocolate a boost in 2022 overall, and this will continue throughout the forecast period.
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Understand the latest market trends and future growth opportunities for the Chocolate Confectionery industry in Latvia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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This is the aggregation of tablets, countlines, bagged selflines/softlines, boxed assortments, seasonal chocolate, chocolate with toys, alfajores and other chocolate confectionery. Note that chocolate overtly positioned for baking/cooking purposes is excluded from Euromonitor International's confectionery coverage.See All of Our Definitions
This report originates from Passport, our Chocolate Confectionery research and analysis database.
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