Key Market Indicators
Latvian wood product sales are projected to hit €1.7 billion by 2028, rising from €1.5 billion in 2023. This growth translates to an annual compound growth rate of 2.2%. Since 2013, the Latvian market has seen a steady increase of 3.1% annually. In 2023, Latvia ranked 18th in global wood product sales, with Estonia overtaking it at the same €1.5 billion mark. The United Kingdom, Italy, and Poland secured the second, third, and fourth positions, respectively, in this market ranking.
