Key Market Indicators
Latvia's container traffic volume is projected to hit approximately 635,000 Twenty-Foot Equivalent Units (TEUs) by 2028, up from around 541,000 TEUs in 2023. This marks an annual growth rate of 2.5%. Since 2012, Latvian demand has seen a year-on-year increase of 2.7%. In 2023, Latvia ranked 78th globally, with Romania surpassing it at 541,000 TEUs. Slovenia, the United States, and Singapore held the second, third, and fourth spots respectively. Latvian container handling at ports is expected to reach 576,000 TEUs by 2028, growing from 507,000 TEUs in 2023. This represents an average annual growth rate of 2%. Since 2006, the Latvian market has expanded at an annual rate of 1.1%. In 2023, Latvia was ranked 19th, with Romania once again ahead at 507,000 TEUs. Germany, the Netherlands, and Belgium occupied the second, third, and fourth positions in this ranking.
