Key Market Indicators
Latvian Forestry Revenue is projected to expand significantly in the coming years. By 2028, it is expected to cover approximately 509,000 hectares, up from around 482,000 hectares in 2023. This marks an average annual growth rate of 0.9%. The sector has witnessed steady growth over the past decades. Since 1997, the supply of Latvian forestry has increased at an average rate of 1.2% per year. This upward trend underscores the continued expansion and importance of the forestry industry in Latvia's economy.
