Key Market Indicators
Latvian Plastic Product Sales are projected to hit €307 million by 2028, up from €267 million in 2023, indicating a 2.2% compound annual growth rate (CAGR). Since 2013, the market has grown at a consistent pace of 1.4% annually. In 2023, Latvia ranked 30th globally, with Estonia surpassing it with €267 million. Italy, France, and the United Kingdom took the second, third, and fourth spots, respectively. Latvian Plastic Exports are expected to reach $518 million by 2028 from $442 million in 2023, growing at an average annual rate of 2.6%. Since 1999, the country's supply has increased by 3% each year. Latvian Plastic Imports are forecasted to reach $866 million by 2028, up from $762 million in 2023, marking a 2.1% average annual growth. Since 1999, the demand for plastic products in Latvia has risen by 2.3% annually.
