Key Market Indicators
Latvia's non-ferrous metal export is projected to reach approximately 46,500 metric tons by 2028, up from around 45,900 metric tons in 2023. This represents a modest average annual growth rate of 0.2%. Since the turn of the century, Latvian supply has seen an average annual increase of 4.8%. In 2023, Latvia ranked 33rd globally in non-ferrous metal exports, with Estonia surpassing it with an equal export volume of 45,900 metric tons. Leading the rankings were Spain, France, and the Netherlands, holding the second, third, and fourth positions, respectively. On the import side, Latvia's non-ferrous metal imports are expected to climb to roughly 52,100 metric tons by 2028, up from 49,600 metric tons in 2023, reflecting an average annual growth rate of 0.8%. Since 2000, Latvian demand has increased by an average of 1.8% per year. In 2023, Latvia was ranked 32nd in non-ferrous metal imports, with Estonia again surpassing it by importing 49,600 metric tons. Spain, France, and Norway occupied the second, third, and fourth spots in this category, respectively.
