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Learn moreJan 2021
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Tea will largely benefit as a result of the pandemic in 2020, with both current value and volume sales rising impressively. Although the Latvian government has not imposed a strict lockdown, many consumers have chosen to stay at home throughout 2020 as to avoid possible contagion of the virus.
In response to the pandemic, on-trade volume sales of tea will plummet overall. Despite the Latvian government not implementing a strict lockdown, many consumers have been avoiding crowded places throughout 2020.
Unit prices have remained steady in 2020 as producers have wanted to continue generating sales throughout the pandemic. If manufacturers were to raise their prices, they risk losing consumers, especially those who have been financially impacted by the pandemic.
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Overview
Discover the latest market trends and uncover sources of future market growth for the Tea industry in Latvia with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Tea industry in Latvia, our research will save you time and money while empowering you to make informed, profitable decisions.
The Tea in Latvia market research report includes:
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Why buy this report?
This industry report originates from Passport, our Hot Drinks market research database.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.