Key Market Indicators
Latvian forestry revenue is projected to hit nearly 500,000 hectares by 2026. The supply of timber has been rising steadily since 1997, increasing by an average of 1.2% each year. This year, it is estimated that there will be 469,000 hectares of forestry revenue and this figure is expected to reach nearly 500,000 hectares by 2026. The growth rate of 0.8% annually is expected to remain steady over the next five years.