Latvia’s timber industry in 2026: stability under pressure

Latvia’s timber industry enters 2026 no longer in crisis, but far from comfortable. After the extraordinary volatility of the early 2020s, the sector has settled into a phase best described as stable but constrained. Demand has stopped falling, prices have found a floor, and supply chains are functioning more predictably. Yet the conditions for renewed growth are largely absent. Instead, the industry is adapting to a structurally tighter environment shaped by weak construction markets, high raw material costs and a stronger emphasis on efficiency over expansion. A market that has found its limits The outlook for 2026 ...