Key Market Indicators
Latvia’s gas turbine imports and exports are both set to rise over the next five years. Imports are projected to reach $683 million by 2026, up from $507 million in 2021 – an average annual growth rate of 5%. This is an increase of 149.8% since 1999. In 2021, Latvia was ranked 35th in the world for imports, with Romania taking the lead at $507 million. The UK, France and Singapore followed in second, third and fourth place respectively. Exports are projected to reach $546 million by 2026, up from $401 million in 2021 – an average annual growth rate of 5.2%. This is an increase of 171.6% since 1999. In 2021, Latvia ranked 27th in the world for exports, with Norway again taking the lead at $401 million. France, Singapore and Germany followed in second, third and fourth place respectively.
