Key Market Indicators
The export of styrene from Latvia is forecast to reach 25,000 kilograms by 2026, from 19,000 kilograms in 2021. This represents a 4.2% year-on-year growth rate. Since 2011, Latvian exports have grown by 13.5% per year. The country was ranked 40th in 2021, with Hungary in the lead at 19,000 kilograms. The Netherlands, Saudi Arabia and South Korea followed in second, third and fourth place respectively. Latvian imports of styrene are predicted to reach 1.6 million kilograms by 2026, from 1.2 million kilograms in 2021. This equates to an average of 4.8% year-on-year growth. Since 1999, Latvian demand has grown by 53.6% annually. The country was ranked 55th in 2021, with Jordan leading at 1.2 million kilograms. South Korea, India and Mexico came in second, third and fourth place respectively.
