Key Market Indicators
Latvia's bioenergy consumption is projected to climb to nearly 6 million metric tons by 2028, up from approximately 5.8 million metric tons in 2023. This increase represents an average annual growth rate of 0.3%. Since 2000, however, Latvia has experienced a slight annual decline in bioenergy demand, averaging a 0.3% decrease each year. In 2023, Latvia ranked 28th globally in bioenergy consumption. Notably, Estonia surpassed Latvia with its bioenergy consumption also standing at around 5.8 million metric tons. The leading countries in this sector include France, the United Kingdom, and Poland, which hold the second, third, and fourth spots respectively.
