Key Market Indicators
Sales of fungicides in Latvia are expected to hit 329 metric tons by 2026, up from 292 metric tons in 2021. This represents a 2% year-on-year growth rate. Since 2016, the Latvian market has seen a 2.2% year-on-year increase. Latvia was ranked 33rd in 2021, with Denmark overtaking it at 292 metric tons. Mexico, Spain, and France took 2nd, 3rd, and 4th place respectively. Export of fungicides from Latvia is forecasted to reach 867,000 kilograms by 2026, up from 738,000 kilograms in 2021. This is a 2.5% year-on-year growth rate. Since 1999, Latvian supply has seen a 7.6% year-on-year increase. Latvia was ranked 48th in 2021, with Lithuania overtaking it at 738,000 kilograms. France, Germany, and China came in 2nd, 3rd, and 4th place respectively. Finally, imports of fungicides to Latvia are projected to reach 6.5 million kilograms by 2026, up from 5.5 million kilograms in 2021. This is a 2.6% year-on-year average rate. Since 1999, Latvian demand has grown 5.9% year-on-year. In 2021, Bulgaria overtook Latvia at 5.5 million kilograms. France, Tanzania, and Germany took 2nd, 3rd, and 4th place respectively.