Key Market Indicators
Latvian Passenger Ship Fleet is set to reach 1,070 Units by 2026 from 970.2 Units in 2021, growing 0.3% year on year CAGR. Since 2009, Latvian supply grew 4.4% year on year. The country ranked number 9 in 2021, Portugal overtook with 970.2 Units. Spain, Italy and Greece respectively came in numbers 2, 3 and 4 in this ranking.
Latvian Sea Transportation Expenditure is set to reach €32.64 Million by 2026 from €28.8 Million in 2021, growing 1.5% year on year on average. Since 2013, Latvian demand rose 7.6% year on year. The country came in number 6 in 2021, Italy overtook at €28.8 Million. Finland, Estonia and Belgium respectively ranked numbers 2, 3 and 4 in this ranking.