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Latvia Freight Industry Outlook 2022 - 2026

See how Latvia Freight performed compared to key markets such as China, the United States and Russia.

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

How much will Latvia Freight Market grow to 2026?

Forecast: Postal and Courier Services Output in Latvia
Forecast: Inland Freight Transport Volume in Latvia
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