Key Market Indicators
Latvia's passenger ship fleet is set to reach 1,070 units by 2026, up from 970.2 units in 2021 – a year-on-year growth rate of 0.3%. Since 2009, the country's supply has grown at an average of 4.4% year on year. In 2021, Latvia came in at number 9, with Portugal overtaking them with 970.2 units. Spain, Italy and Greece respectively came in at numbers 2, 3 and 4. Latvian sea transportation expenditure is set to reach €32.64 million by 2026, up from €28.8 million in 2021 – a year-on-year growth rate of 1.5%. Since 2013, Latvia's demand has increased by an average of 7.6% year on year. In 2021, they were in sixth place, with Italy overtaking them at €28.8 million. Finland, Estonia and Belgium respectively ranked numbers 2, 3 and 4.
Latvia Maritime Passenger Transport Market Data and Forecasts
How much will Latvia Maritime Passenger Transport Market grow to 2026?
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