Key Market Indicators
Latvian fuel import is projected to rise to 61,600 cubic meters by 2028, up from 58,300 cubic meters in 2023. This marks an average annual growth rate of 0.9%. However, it is notable that since 2005, the country's fuel demand has decreased by 13.6% annually. On the export front, Latvian fuel shipments are expected to reach 898,000 cubic meters by 2028, up from 713,000 cubic meters in 2023. This represents an average annual growth rate of 3.7%. Since 1997, Latvia's fuel supply has seen a significant annual increase of 17.4%.
