Key Market Indicators
Latvia's newspaper publishing revenue is projected to decline to €16.2 million by 2028, down from €18.9 million in 2023. This represents an average annual decrease of 2.4%. The Latvian market has been shrinking at this rate since 2015. In 2023, Latvia ranked 22nd globally, with Greece slightly ahead at €18.9 million. Leading the rankings were the United Kingdom, France, and Spain, occupying the second, third, and fourth positions respectively. In contrast, Latvian newspaper exports are expected to see a modest increase, reaching $9.7 million by 2028 from $8.7 million in 2023, growing at an average annual rate of 1.7%. Since 1999, Latvia's newspaper exports have seen a yearly increase of 2.9%. The country ranked 28th in 2023, with Ukraine just ahead at $8.7 million. Germany, the United Kingdom, and the United States were the top three exporters in this category. Latvia's newspaper imports saw a significant decline, dropping to $914,150 in 2023 from $1.26 million in 2022, a decrease of 27.3%. Since 1999, the demand for imported newspapers in Latvia has fallen by an average of 19.8% annually.
