* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.
Currency conversion factor: (EUR -> USD) = 1.186
The industry classification is based on the NACE Rev.2 - system in Latvia. The industry “operation of dairies and cheese making“ has the code “C1051“.
After witnessing a period of steady growth between 2011-2014, revenues generated from operation of dairies and cheese making are projected to decline from *** million U.S. dollars in 2014 to *** million U.S. dollars by 2023. In fact, this holds true for the country’s dairy products manufacturing industry as a whole. Amongst key reasons include a decline in the consumption of dairy products, a trend observed in majority of the countries in the EU and a decline in the number of registered dairy cows. As of 2018, there were ** dairy cows in the country, compared to over ** in 2017, as per data from balticnews.com. Additionally, dairy exports have also witnessed a marked decline, after the EU’s decision to cease subsidizing exports to third countries.
The outbreak of the corona virus has further added to the industry’s woes, as majority of the factories and manufacturing units have been shut for an indefinite period of time.
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Eurostat. (April 1, 2019). Industry revenue of »operation of dairies and cheese making« in Latvia from 2011 to 2023 (in million U.S. Dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved August 01, 2026, from /forecasts/393513/operation-of-dairies-and-cheese-making-revenue-in-latvia/
Eurostat. "Industry revenue of »operation of dairies and cheese making« in Latvia from 2011 to 2023 (in million U.S. Dollars)." Chart. April 1, 2019. ÌÇÐÄÆƽâ°æ. Accessed August 01, 2026. /forecasts/393513/operation-of-dairies-and-cheese-making-revenue-in-latvia/
Eurostat. (2019). Industry revenue of »operation of dairies and cheese making« in Latvia from 2011 to 2023 (in million U.S. Dollars). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: August 01, 2026. /forecasts/393513/operation-of-dairies-and-cheese-making-revenue-in-latvia/
Eurostat. "Industry Revenue of »operation of Dairies and Cheese Making« in Latvia from 2011 to 2023 (in Million U.S. Dollars)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 1 Apr 2019, /forecasts/393513/operation-of-dairies-and-cheese-making-revenue-in-latvia/
Eurostat, Industry revenue of »operation of dairies and cheese making« in Latvia from 2011 to 2023 (in million U.S. Dollars) ÌÇÐÄÆƽâ°æ, /forecasts/393513/operation-of-dairies-and-cheese-making-revenue-in-latvia/ (last visited August 01, 2026)
Industry revenue of »operation of dairies and cheese making« in Latvia from 2011 to 2023 (in million U.S. Dollars) [Graph], Eurostat, April 1, 2019. [Online]. Available: /forecasts/393513/operation-of-dairies-and-cheese-making-revenue-in-latvia/
