Key Market Indicators
Latvian cement export is set to reach $53 million by 2026, according to recent projections. This is a 1.6% average yearly growth rate since 2021, when Latvia exported $47.5 million, ranking 47th in the world. Austria was just ahead of Latvia at $47.5 million. Canada, Germany and the United Arab Emirates were the top three exporters in 2021. Likewise, Latvian cement import is expected to reach $14 million by 2026. The yearly average growth rate since 2021 is 1%. That year, Latvia imported $13.3 million and was ranked 99th in the world. Belize was just ahead of Latvia at $13.3 million. The Philippines, Sri Lanka and China were the top three importers in 2021. Since 1999, Latvian supply and demand have risen 9.9% and 11.1% respectively year on year.
