Key Market Indicators
Latvia's antibiotics import is projected to decline to approximately $74,640 by 2028, down from around $92,260 in 2023. This represents an average annual decrease of 3.5%. Despite this downward trend, Latvian demand for antibiotics has seen a significant increase of 43.8% per year since 1999. In terms of exports, Latvia's antibiotics market has also experienced a notable downturn. In 2018, the country exported nearly $12,270 worth of antibiotics, a sharp decrease from the $15,450 recorded in 2017. This 20.6% drop reflects a broader trend, with Latvian supply shrinking by an average of 36.9% per year since 2000.
