Key Market Indicators
Latvia's wound dressing export market is projected to decline to approximately $57,000 by 2028, down from around $60,000 in 2023. This reflects an average annual decrease of 0.7%. Since 1999, the country's supply has been shrinking by an average of 1.3% per year. In 2023, Latvia ranked 61st in global wound dressing exports, with Armenia slightly ahead at roughly the same export value. Belgium, Germany, and Austria occupied the top three positions in this market segment. On the import side, Latvia is expected to see a decline to about $1.55 million by 2028, down from $1.67 million in 2023. This marks a compound annual growth rate (CAGR) decrease of 1.4%. Latvian demand for wound dressings has been decreasing by an annual average of 1.1% since 1999.
