Market research

Bituminous mixtures market in Latvia

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The Latvian market for bituminous mixtures expanded significantly between 2018 and 2023, with the market volume more than doubling from 782 thousand metric tons to 1 729 thousand metric tons. The value of the market followed a similar upward trajectory, rising from $49.0 million to $135.1 million over the same six-year period. This sustained growth culminated in 2023, which marked the peak for both physical volume and market value within the observed timeframe.

The strong growth trend reversed in 2024, with the market contracting to 747 thousand metric tons, valued at $67.5 million. This decline represented a significant reduction from the previous year's peak levels in both volume and monetary terms.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2024
    2. 4.1.1.2. Imports, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2018-2024
  2. 4.1.2. In value
    1. 4.1.2.1. Production, 2018-2024
    2. 4.1.2.2. Imports, 2018-2025
    3. 4.1.2.3. Exports, 2018-2025
    4. 4.1.2.4. Market size, 2018-2024
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Latvia
  1. 5.1.1. In kind, 2018-2024, K t
  2. 5.1.2. In value, 2018-2024, M $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, K t
  2. 5.2.2. In value, 2018-2024, M $ US
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Latvia in kind, 2018-2025, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Latvia by countries, 2018-2025, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Latvia in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Latvia by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Latvia, 2018-2025, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Latvia by countries, 2018-2025, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Latvia in kind, 2018-2025, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Latvia by countries, 2018-2025, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Latvia in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Latvia by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Latvia, 2018-2025, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Latvia by countries, 2018-2025, $ US/t
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Latvia in kind, 2018-2025, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Latvia by countries, 2018-2025, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Latvia in value, 2018-2025, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Latvia by countries, 2018-2025, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Latvia, 2018-2025, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Latvia by countries, 2018-2025, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Latvia in kind, 2018-2025, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Latvia by countries, 2018-2025, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Latvia in value, 2018-2025, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Latvia by countries, 2018-2025, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Latvia, 2018-2025, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Latvia by countries, 2018-2025, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2025
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production bituminous mixtures in Latvia

In value, 2018-2021, K $ US

Latvia's production of bituminous mixtures has grown for the third year in a row. In 2021, output reached 69 765 thousand US dollars, marking a 40.4% increase compared to the previous year. From 2018 to 2021, production rose by 59.7%, with an average annual growth rate of 16.9%.

Annual dynamics of production in Latvia in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	11.9%	1.7%	40.4%	16.9%

Source: SHEV.io

In kind, 2018-2021, K t

Latvia's production of bituminous mixtures has increased for the third consecutive year. In 2021, the country produced 1 187 thousand tonnes, which is 13.6% higher than the year before. Between 2018 and 2021, production grew by 53.7%, with an average annual growth rate of 15.4%.

Annual dynamics of production in Latvia in kind, 2018-2021, K t

Parameter		2019	2020	2021	CAGR
1	Change from last year	29.5%	4.4%	13.6%	15.4%

Source: SHEV.io

Exports bituminous mixtures from Latvia

Exports in kind, t

Latvia's exports of bituminous mixtures have risen for the third year in a row. In 2021, the country exported 2 424 tonnes, showing a sharp increase of 36.4% compared to 2020. From 2018 to 2021, exports surged by 3 632.6%, with an average annual growth rate of 234.2%.

Annual dynamics of product's exports from Latvia in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	1 796.8%	44.3%	36.4%	234.2%

Source: SHEV.io

Between 2018 and 2021, Lithuania was the dominant market for Latvia's bituminous mixtures exports in volume terms, accounting for 83.1% of the total, while other countries made up the remainder.

Structure of product's exports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Latvia in kind, 2018-2021

Source: SHEV.io

Exports in value, K $ US

Latvia's exports of bituminous mixtures have grown for the third consecutive year. In 2021, exports totaled 1 060 thousand US dollars, representing a significant increase of 56.5% over the previous year. From 2018 to 2021, exports expanded by 2 112.4%, with an average annual growth rate of 180.7%.

Annual dynamics of product's exports from Latvia in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	1 171.5%	11.2%	56.5%	180.7%

Source: SHEV.io

From 2018 to 2021, Lithuania remained the key destination for Latvia's bituminous mixtures in value terms, making up 82.8% of total exports, while other markets played a much smaller role.

Structure of product's exports in value by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Latvia in value, 2018-2021

Source: SHEV.io

Imports bituminous mixtures to Latvia

Imports in kind, t

Latvia's imports of bituminous mixtures have increased for the third year running. In 2021, the country imported approximately 37 513 tonnes, up 11.5% from the previous year. Between 2018 and 2021, imports rose by 286.5%, with an average annual growth rate of 56.9%.

Annual dynamics of product's imports to Latvia in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	108.0%	66.7%	11.5%	56.9%

Source: SHEV.io

From 2018 to 2021, Russia and Estonia together accounted for 87.0% of Latvia's bituminous mixtures imports in volume terms, with the rest distributed among other markets.

Structure of product's imports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Latvia in kind, 2018-2021

Source: SHEV.io

Imports in value, K $ US

Latvia's imports of bituminous mixtures have grown for the third consecutive year. In 2021, imports amounted to approximately 18 842 thousand US dollars, equivalent to a 41.5% year-over-year increase. Between 2018 and 2021, imports increased by 249.5%, translating to an average annual growth rate of 51.8%.

Annual dynamics of product's imports to Latvia in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	70.2%	45.2%	41.5%	51.8%

Source: SHEV.io

Between 2018 and 2021, the two leading markets—Russia and Estonia—together represented 82.9% of Latvia's bituminous mixtures imports in value terms, while the remaining share was spread across a variety of other countries.

Structure of product's imports in value by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Latvia in value, 2018-2021

Source: SHEV.io