The Diesel Automotive market for vehicles with engines less than 1500cc in Latvia showed moderate fluctuation from 2013 to 2023, landing at a value of 26.09 US Dollars per capita in 2023. The most significant change over the last two years was from 2021 to 2022, with a minimal increase of 0.19%. From 2018 to 2023, the market saw a compound annual growth rate (CAGR) of approximately 0.81%, indicating a steady but slow growth trajectory.
Future trends to watch include the impact of European Union emissions regulations, which could influence diesel vehicle sales, and the growing preference for electric and hybrid vehicles which might lead to decreased demand for diesel engines under 1500cc.
| # | 7 Countries | US Dollars Per Capita | Last Year | |
|---|---|---|---|---|
| 1 | 1 Denmark | 121.53 | 2023 | View data |
| 2 | 2 Austria | 94.29 | 2023 | View data |
| 3 | 3 Montenegro | 62.61 | 2023 | View data |
| 4 | 4 Estonia | 60.24 | 2023 | View data |
| 5 | 5 Switzerland | 33.73 | 2023 | View data |
| 6 | 6 Latvia | 26.09 | 2023 | |
| 7 | 7 Poland | 19.94 | 2023 | View data |
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