Key Market Indicators
Latvia's container traffic volume is expected to reach 550,000 Twenty-Foot Equivalent Units by 2026. This is a 2% year-on-year average growth rate from 2021, where the country had 482,000 Twenty-Foot Equivalent Units. Since 2012, Latvia has seen a 4.4% year-on-year increase. In 2021, Latvia was placed 81st in the world rankings, with Tunisia being ahead with 481,830 Twenty-Foot Equivalent Units. The United States, Singapore, and South Korea were placed 2nd, 3rd, and 4th respectively. Latvia's container traffic handling at ports is projected to reach 534,000 Twenty-Foot Equivalent Units by 2026. This is a 2% year-on-year average growth rate from 2021, where the country had 462,000 Twenty-Foot Equivalent Units. Since 2006, Latvia has seen an increase of 3.4% year-on-year. In 2021, Latvia was placed 19th in the world rankings, with Romania being ahead with 461.7 Thousand Twenty-Foot Equivalent Units. Germany, the Netherlands, and Belgium were placed 2nd, 3rd, and 4th respectively.
