Key Market Indicators
Latvian chemicals manufacturing production is predicted to reach €433.57 million by 2026. This is an increase of 2.6 percent year-on-year, up from €365.38 million in 2021. Since 2000, the country has seen an annual growth rate of 9.1 percent. In 2021, Latvia was ranked 16th, with Luxembourg surpassing it with a production value of €365.38 million. France, Italy and the Netherlands came in second, third and fourth respectively. The Latvian chemicals manufacturing revenue is set to reach 3.24 percent of manufacturing value added by 2026, from 3.1 percent in 2021. This is an increase of 0.8 points on average each year since 1998, and an overall increase of 7.4 points.
