Key Market Indicators
Latvian glass fiber imports and exports are set to grow in the coming years. Imports are projected to reach 775,220 kilograms by 2026, with an average annual growth rate of 0%. This is up from 774,740 kilograms in 2021. Since 1999, Latvian demand has been increasing at a rate of 6.5% per year. Exports of glass fiber from Latvia are anticipated to reach 1,931,500 kilograms by 2026, with an average annual growth rate of 3.7%. This is up from 1,550,600 kilograms in 2021. Since 2000, Latvian supply has grown at a rate of 64.2% per year. In 2021, Latvia was ranked 31st in the world for glass fiber exports, with Portugal coming in first at 1,550,600 kilograms. Belgium, Germany and Saudi Arabia were ranked second, third and fourth, respectively.
