Key Market Indicators
Latvia's hydrogen export is predicted to reach $19,800 by 2026. This figure would be an increase of 3% a year on average, compared to $16,400 in 2021. Since 2003, Latvian supply has grown by 10.5% each year. In 2021, Latvia was 48th in the world rankings. Chile overtook it with $16,400. Belgium, the Netherlands and the United States were ranked 2nd, 3rd and 4th respectively. At the same time, Latvia's hydrogen import is expected to reach $54,300 by 2026, up 2.6% year-on-year. Since 1999, Latvian demand has risen at an annual rate of 7.4%. The country was 51st in the world rankings in 2021, with Russia coming in first with $45,740. Belgium, France and the Netherlands were 2nd, 3rd and 4th respectively.
