Key Market Indicators
Latvian phosphate imports are set to reach $261,430 by 2026, growing at an average of 0.2% annually. Since 1999, Latvian demand has increased by an average of 11.6% each year. In 2021, Latvia was the 51st largest importer of phosphate, overtaken by Paraguay at $257,670. The United States, Indonesia, and Lithuania followed in the ranking at numbers two, three, and four respectively. Latvian phosphate exports, meanwhile, fell by 79.9% in 2018 compared to the previous year, down to $8,250 from $41,020. This placed Latvia 40th in the 2018 ranking, overtaken by Brazil at $8,250. Following in the ranking were Jordan, Russia, and Peru at numbers two, three, and four respectively.
