Key Market Indicators
Latvia's freight volume is projected to decline to 18,400 million tonne-kilometers by 2028, down from 21,500 million tonne-kilometers in 2023. This represents an average annual decrease of 2.5%. Since 2000, the country's supply has seen a yearly reduction of 8.8%. On the financial front, Latvian freight revenue is expected to rise to €1,840 million by 2028, up from €1,640 million in 2023. This marks an average annual growth rate of 1.9%. Since 2013, the market has grown by 2.5% each year. In 2023, Latvia ranked 26th in freight revenue, with Serbia overtaking it at €1,640 million. France, Poland, and Germany held the 2nd, 3rd, and 4th positions, respectively.
