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Latvia Metal Products Industry Outlook 2022 - 2026

See how Latvia Metal Products performed compared to key markets such as Germany, Italy and France.

Key Market Indicators

Sales of Latvian metal products are forecast to reach €520.7 million by 2026. This is an increase from €450.8 million in 2021, with an average growth rate of 2.4% year-on-year. Since 2013, the Latvian market has gone up by 8.4% annually. In 2021, the country was ranked number 29, with Bosnia and Herzegovina coming in ahead at €450.8 million. Italy, France and Spain took the top three spots in the ranking. Export of Latvian metal products is projected to reach $29,390,000 by 2026. This is up from $25,352,000 in 2021, with an average yearly growth rate of 2.5%. Since 1999, Latvian supply has increased by 3.4% each year. In 2021, the country was ranked number 56, with Chile coming in ahead at $25,352,000. Germany, the United States and Japan took the top three places in the ranking. Latvian metal product imports are expected to reach $74,353,000 by 2026. This is an increase from $66,265,000 in 2021, with an average yearly rate of growth of 1.9%. Since 1999, Latvian demand has risen by 5.3% annually. In 2021, the country was ranked number 70, with Bolivia overtaking it at $66,265,000. Germany, China and Mexico took the top three places in the ranking.

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Latvia Metal Products Market Data and Forecasts