Key Market Indicators
Latvia's export of wound dressings is projected to decline to $57,000 by 2028, down from $60,000 in 2023. This represents an annual decrease of 0.7%. Historically, the nation's supply has seen a year-on-year drop of 1.3% since 1999. In the global ranking for 2023, Latvia placed 61st. Armenia outperformed Latvia with exports of $60,000. Leading the charts were Belgium, Germany, and Austria, securing the second, third, and fourth spots, respectively. On the import front, Latvia is expected to see a reduction as well. By 2028, imports are forecasted to fall to $1.55 million from the current $1.67 million in 2023. This marks an average annual decline of 1.4%. Since 1999, the country's demand for wound dressings has decreased by 1.1% each year.
