Key Market Indicators
Latvia's wastewater generation is projected to decline slightly over the next five years. By 2028, the country is expected to produce approximately 181 million cubic meters of wastewater, down from the current 182 million cubic meters in 2023. This represents an average annual decrease of 0.1%. Despite this decline, Latvia's wastewater supply has shown a modest increase of 0.3% per year since 2003. In contrast, the revenue generated by Latvian water utilities is on an upward trajectory. By 2028, the sector's revenue is anticipated to reach €95 million, up from €89 million in 2023. This marks an annual compound growth rate of 1%. Since 2010, the market has grown at an average rate of 2.4% per year, highlighting the sector's steady expansion.
