Key Market Indicators
**Latvian Metal Products Sales Projected to Hit €560 Million by 2028** RIGA — The sales of metal products in Latvia are expected to climb to approximately €560 million by 2028, up from around €470 million in 2023. This represents an average annual growth rate of 2.8%. Since 2013, the Latvian market has experienced a steady increase, growing at an annual rate of 4.7%. In 2023, Latvia ranked 28th in metal product sales, with Lithuania slightly ahead at €470 million. Italy, France, and Poland held the second, third, and fourth positions respectively in the rankings. **Latvian Metal Products Export Forecast to Reach $31 Million by 2028** Latvian exports of metal products are projected to reach $31 million by 2028, up from $27 million in 2023. This growth reflects a compound annual growth rate (CAGR) of 2.3%. Since 1999, Latvia's supply of metal products has shown a consistent increase, growing at an annual rate of 2.9%. **Latvian Metal Products Import Expected to Reach $78 Million by 2028** Imports of metal products into Latvia are expected to grow to $78 million by 2028, compared to $69 million in 2023. This represents an average annual growth rate of 1.8%. Latvian demand for metal products has surged by 2.2% annually since 1999.
