Key Market Indicators
Export of jewelry from Latvia is projected to drop 8.4% year on year to €3.91 million by 2026, from €5.82 million in 2021. Since 2009, Latvian supply decreased by 30.8%. In 2021, Latvia was ranked 23rd, with Malta ahead at €5.82 million. Italy, France and the UK respectively ranked 2nd, 3rd and 4th. Import of jewelry to Latvia is predicted to reduce 0.7% year on year to €27.08 million by 2026, from €23.89 million in 2021. Since 2009, Latvian demand declined by 18.4%. In 2021, Norway overtook Latvia at €23.89 million, with France, the UK and Italy respectively ranking 2nd, 3rd and 4th. Sales of jewelry in Latvia are expected to rise 2.5% year on year to €3.12 million by 2026, from €2.7 million in 2021. Since 2013, the Latvian market has increased by 9.7%. By 2026, sales of jewelry in Latvia are projected to reach €2.77 million, growing 2.5% year on year CAGR from €2.4 million in 2021. Since 2015, the Latvian market has grown by 7.1%.
