Key Market Indicators
Latvia's aromatic imports are projected to surge to roughly $194,000 by 2028, up from approximately $153,000 in 2023. This marks an average annual growth rate of 3.7%. Since 2001, the demand for aromatics in Latvia has shown a consistent year-on-year increase of 3.9%. On the export front, Latvia saw a dramatic rise in aromatic exports, climbing to $8,420 in 2017 from just $828 in 2016. This represents an astounding 918% increase in just one year.
