Market research

Non coniferous wood fuel market in Latvia

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

From 2018 to 2021, consumption of non-coniferous wood fuel in Latvia rose from 1 324 thousand m³ to 1 802 thousand m³, marking a period of steady market expansion.

The market contracted to 1 485 thousand m³ in 2022, primarily because an unusually warm autumn reduced heating demand and record-high energy wood prices, fueled by global supply chain disruptions and the war in Ukraine, made wood fuel less affordable.

In 2023, consumption rebounded sharply to 2 057 thousand m³ as fuel wood prices dropped following increased production capacity and inventory buildup, which stimulated demand.

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, 2018-2023
    2. 4.1.1.2. Imports, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Latvia
  1. 5.1.1. Annual dynamics of production in Latvia in kind, 2018-2023, K m³
  2. 5.1.2. Annual dynamics of production in Latvia in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K m³
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K m³
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, K m³
    1. 6.1.2.1. Annual dynamics of product's exports from Latvia in kind, 2018-2025, K m³
    2. 6.1.2.2. Dynamics of product's exports in kind from Latvia by countries, 2018-2025, K m³
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.1.3. Exports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Latvia in value, 2018-2025, M $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Latvia by countries, 2018-2025, M $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's exports, $ US/m³
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Latvia, 2018-2025, $ US/m³
    2. 6.1.4.2. Dynamics of average price of product's exports from Latvia by countries, 2018-2025, $ US/m³
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, K m³
    1. 6.2.2.1. Annual dynamics of product's exports from Latvia in kind, 2018-2025, K m³
    2. 6.2.2.2. Dynamics of product's exports in kind from Latvia by countries, 2018-2025, K m³
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.2.3. Exports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Latvia in value, 2018-2025, M $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Latvia by countries, 2018-2025, M $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's exports, $ US/m³
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Latvia, 2018-2025, $ US/m³
    2. 6.2.4.2. Dynamics of average price of product's exports from Latvia by countries, 2018-2025, $ US/m³
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, K m³
    1. 7.1.2.1. Annual dynamics of product's imports to Latvia in kind, 2018-2025, K m³
    2. 7.1.2.2. Dynamics of product's imports in kind to Latvia by countries, 2018-2025, K m³
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.1.3. Imports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Latvia in value, 2018-2025, M $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Latvia by countries, 2018-2025, M $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's imports, $ US/m³
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Latvia, 2018-2025, $ US/m³
    2. 7.1.4.2. Dynamics of average price of product's imports to Latvia by countries, 2018-2025, $ US/m³
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, K m³
    1. 7.2.2.1. Annual dynamics of product's imports to Latvia in kind, 2018-2025, K m³
    2. 7.2.2.2. Dynamics of product's imports in kind to Latvia by countries, 2018-2025, K m³
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.2.3. Imports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Latvia in value, 2018-2025, M $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Latvia by countries, 2018-2025, M $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's imports, $ US/m³
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Latvia, 2018-2025, $ US/m³
    2. 7.2.4.2. Dynamics of average price of product's imports to Latvia by countries, 2018-2025, $ US/m³
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K m³
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K m³
  2. 8.2.2. In value, M $ 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 non coniferous wood fuel in Latvia

In kind, 2018-2021, K m³

Top producers of non coniferous wood fuel, 2018-2021

Source: SHEV.io

World map of production of non coniferous wood fuel, 2018-2021

Source: SHEV.io

Latvia's production of non-coniferous wood fuel has increased for the third consecutive year. In 2021, the country produced 2 625 K m³, marking a 12.4% rise compared to the previous year. From 2018 to 2021, production grew by 31.3%, which translates to an average annual growth rate of 9.5%.

Annual dynamics of production in Latvia in kind, 2018-2021, K m³

Parameter		2019	2020	2021	CAGR
1	Change from last year	14.3%	2.2%	12.4%	9.5%

Source: SHEV.io

In value, 2018-2021, M $ US

Latvia's production of non-coniferous wood fuel has increased for the third consecutive year. In 2021, the output was valued at 255.7 M $ US, representing a significant 42.3% increase over the previous year. Over the period from 2018 to 2021, production rose by 62.8%, with a compound annual growth rate of 17.6%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	5.8%	8.1%	42.3%	17.6%

Source: SHEV.io

Exports non coniferous wood fuel from Latvia

Exports in kind, K m³

Latvia's exports of non-coniferous wood fuel have declined for the second consecutive year. In 2021, exports amounted to 972 K m³, which is 2.7% lower than the previous year. From 2018 to 2021, exports increased by 16.8%, with a compound annual growth rate of 5.3%. The highest export volume was recorded in 2019 at 1 041 K m³, with the largest increase of 25.1% also occurring in that year. The largest decline of 4.0% was observed in 2020.

Annual dynamics of product's exports from Latvia in kind, 2018-2021, K m³

Parameter		2019	2020	2021	CAGR
1	Change from last year	25.1%	(4.0%)	(2.7%)	5.3%

Source: SHEV.io

From 2018 to 2021, the main markets for Latvia's non-coniferous wood fuel exports in volume terms were Sweden, accounting for 32.1% of exports, the United Kingdom with 18.7%, and Denmark at 10.8%. Together, these three countries made up 61.5% of total export flows.

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 non-coniferous wood fuel have increased for the third consecutive year. In 2021, exports were valued at 94 662 K $ US, showing a 23.2% rise compared to the previous year. Over the period from 2018 to 2021, exports grew by 44.9%, with a compound annual growth rate of 13.1%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	15.9%	1.5%	23.2%	13.1%

Source: SHEV.io

From 2018 to 2021, the largest shares of Latvia's non-coniferous wood fuel exports in value terms were held by the United Kingdom at 40.0%, Sweden at 13.9%, and the United States at 11.6%. Combined, these three markets accounted for 65.5% of total export flows.

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 non coniferous wood fuel to Latvia

Imports in kind, K m³

After a two-year increase, Latvia's imports of non-coniferous wood fuel declined. In 2021, imports totaled 149 K m³, a sharp contraction of 45.5% compared to the previous year. From 2018 to 2021, imports decreased by 5.1%, equating to an average annual decline of 1.7%. The highest import volume was recorded in 2020 at 273 K m³, with the largest increase of 34.9% occurring in 2019.

Annual dynamics of product's imports to Latvia in kind, 2018-2021, K m³

Parameter		2019	2020	2021	CAGR
1	Change from last year	34.9%	29.3%	(45.5%)	(1.7%)

Source: SHEV.io

Throughout 2018 to 2021, the three largest sources for Latvia's non-coniferous wood fuel imports in volume terms were Belarus, Lithuania, and Estonia, which together accounted for 87.3% of total import flows.

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

After a two-year rise, Latvia's imports of non-coniferous wood fuel declined. In 2021, imports were valued at 8 075 K $ US, a 27.7% decrease compared to 2020. From 2018 to 2021, imports increased by 10.1%, with an average annual growth rate of 3.2%. The highest import value was recorded in 2020 at 11 176 K $ US, with the largest increase of 28.5% also occurring in that year.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	18.6%	28.5%	(27.7%)	3.2%

Source: SHEV.io

From 2018 to 2021, the principal suppliers of non-coniferous wood fuel to Latvia in value terms were Belarus, accounting for 30.4% of imports, Lithuania at 28.9%, and Russia at 24.5%. Together, these three countries made up 83.7% of total import flows.

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