Key Market Indicators
Latvia's fishing equipment imports and exports are expected to decline through 2026. Imports are forecast to drop 0.5% year-on-year on average, reaching $4.9 million in 2026. Since 1999, demand has grown 0.5% year-on-year. In 2021, Latvia was ranked 47th, with Ireland ahead of it at $5.1 million. Japan, South Korea, and Singapore respectively ranked 2nd, 3rd, and 4th. Exports are forecast to drop 0.1% year-on-year on average, reaching $4.0 million in 2026. Since 1999, supply has grown 5.3% on average each year. In 2021, Latvia was ranked 38th, with Serbia ahead of it at $4.1 million. Japan, the United States, and Malaysia respectively ranked 2nd, 3rd, and 4th.
