Key Market Indicators
Latvia's fertilizer import is projected to reach around 274,000 metric tons by 2026. That figure is up 2.2% year-on-year from 2021's 239,000 metric tons. Since 2007, demand has grown at an average yearly rate of 3.9%. In 2021, Latvia ranked 24th in the world, overtaken by Zambia. Brazil, Spain and Thailand came in 2nd, 3rd and 4th respectively. Exports of fertilizer from Latvia are expected to reach almost 60,000 metric tons by 2026, up 1.6% year-on-year from 2021's 54,000 metric tons. Since 2007, Latvian supply has increased at a rate of 0.2% per year. In 2021, Latvia ranked 32nd in the world, overtaken by India. Norway, Belgium and Finland were ranked 2nd, 3rd and 4th.