Latvia Freight Industry Outlook 2022 - 2026

Key Market Indicators

Latvian freight volume is expected to decrease by 2% year-on-year CAGR and reach 22.7 billion tonne-kilometres by 2026. This would be down from the 23.2 billion tonne-kilometres in 2021, and 6% lower than the year 2000. Latvia ranked 34th in the 2021 list, while Portugal was ahead at 23.2 billion tonne-kilometres. The United States, Russia and India followed in second, third and fourth place respectively. Revenue for the Latvian freight industry is set to reach €1.54 billion by 2026, growing by 1% year-on-year CAGR from €1.44 billion in 2021. This is 2.2% higher than the 2013 figure. Latvia was 26th in the 2021 list, with Croatia surpassing it at €1.44 billion. France, Germany and Poland ranked second, third and fourth respectively.

Latvia Freight Market Data and Forecasts

Improve your Knowledge with the latest Indicators and Trends

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  The sector is witnessing heightened digitalization and increased partnerships with tech firms to improve efficiency. Moreover, due to globalization and trade liberalization, cross-border trade is increasing, which raises demand for brokerage and agency services. Conversely, environmental concerns are resulting in greater regulations, pushing entities to invest in greener transport solutions.

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• Fleet Management: The Astounding Potential for Business Optimization and Innovation

  There's an astounding potential for business optimization in the management of commercial motor vehicle fleets. A pivotal resource in diverse industries - from passenger transport to supply chain logistics - these fleets are crucial for operational efficiency. Realizing this potential necessitates a firm focus on preventive maintenance, route planning, and...

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• Refrigerated Transportation: Unveiling Trends and Impacts on Global Market Dynamics

  The vitality of refrigerated transportation is underpinned by increasing global demands in sectors such as food and beverages, pharmaceuticals, and chemicals. Growth in these industries requires that products be transported under temperature-controlled conditions to maintain quality and adhere to regulatory norms. Changing dietary habits, the expanding consumption of frozen foods,...

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• Water Hauling: Unveiling the Dynamics of Vacuum Services and Trucking Industry

  Water hauling services form an indispensable part of the logistics chain in multiple industrial sectors. An invisible cog in the mechanical behemoth of the industry, water hauling operates through specially designed vacuum trucks that transport water from one location to another. The primary sectors that rely on these services include...

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• Local Freight Trucking: Insights And Trends Reshaping the Industry Landscape

  Advancements in technology are significantly impacting industries around the globe, including the regional freight trucking industry. Digital platforms for freight management are offering increased visibility and control over cargo, optimizing operational efficiency. Additionally, the industry is witnessing a rise in the use of fleet management systems, which are helping to...

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