Key Market Indicators
Latvian mining and quarrying production is projected to reach approximately €540 million by 2028, up from around €420 million in 2023. This marks an annual growth rate of 3.8%. Since 2000, Latvia's supply in this sector has increased by 7.6% each year. In 2023, Latvia ranked 26th globally, with Slovakia slightly ahead at €423 million. The United Kingdom, Poland, and the Netherlands took the 2nd, 3rd, and 4th spots, respectively. Revenue in Latvia's mining and quarrying industry is also on the rise, expected to hit around €400 million by 2028, up from €350 million in 2023. This indicates an annual growth rate of 2.4%. Since 2010, the market has grown by 4.1% each year. Latvia held the 26th position in revenue rankings for 2023, with Estonia leading at €346 million. The United Kingdom, Germany, and Poland secured the 2nd, 3rd, and 4th positions, respectively.