Latvia’s timber market continues to display a paradox of potential and pressure. Despite the country’s vast forest resources and a well-established forest management system, the sector operates below capacity due to regulatory constraints and weakening price dynamics in key product segments. In 2024, Latvia’s public forest harvesting volumes remained high, reaching approximately 7.44 million cubic meters of roundwood assortments—up from 6.94 million cubic meters in 2023. Yet, the market value of these volumes declined. The average price of roundwood dropped to €72.38/m³ in 2024 from €83.98/m³ in the ...