Key Market Indicators
The country was number 50 in 2021, Belarus overtook at $45,980,000. China, Germany and Poland respectively were numbers 2, 3 and 4 in this ranking. Latvia's bus export is predicted to rise to $9.1 million by 2026, up from $8 million in 2021. This works out to a compound annual growth rate (CAGR) of 1.9%. Since 1999, Latvian bus exports have increased 16.7% year-on-year. In 2021, Latvia was in 58th place, overtaken by Kuwait at $8 million. China, Germany and Poland were numbers two, three and four respectively in the ranking. Meanwhile, Latvian bus imports are expected to reach $51.2 million by 2026, up from $46 million in 2021. This is an average year-on-year growth rate of 1.6%. Since 1999, Latvian bus imports have increased 2.5% year-on-year. In 2021, Latvia was in 50th place, overtaken by Belarus at $46 million. China, Germany and Poland were numbers two, three and four respectively in the ranking.
