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Latvia Pump Industry Outlook 2022 - 2026

See how Latvia Pump performed compared to key markets such as China, the Netherlands and Germany.

Key Market Indicators

Latvia's pump exports are forecast to increase to over half a million kilograms by 2026. Since 1999, the country has seen an average yearly growth of 4.7%. Last year, Latvia was ranked 49th in the world for exports, with Iran ahead with 447,920 kilograms. The Netherlands, Germany, and the United States came in second, third, and fourth respectively. Meanwhile, Latvia's pump imports are predicted to reach over 1.2 million kilograms by 2026. Since 1999, the country's demand has gone up 6% year on year. In 2021, Latvia was ranked 74th, with Guatemala just ahead at 1,119,300 kilograms. The United States, Russia, and South Africa came in second, third, and fourth in this ranking.

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