Latvia - Cement - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCement Price in Latvia - 2023
Contents:
- Cement Price in Latvia (FOB) - 2022
- Cement Price in Latvia (CIF) - 2023
- Cement Exports in Latvia
- Cement Imports in Latvia
Cement Price in Latvia (FOB) - 2022
The average cement export price stood at $79 per ton in 2022, increasing by 18% against the previous year. Overall, the export price saw a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $79 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Estonia ($87 per ton) and Sweden ($79 per ton), while the average price for exports to Belarus ($65 per ton) and Finland ($71 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
Cement Price in Latvia (CIF) - 2023
In September 2023, the average cement import price amounted to $142 per ton, increasing by 8.2% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.4%. The most prominent rate of growth was recorded in December 2022 an increase of 14% against the previous month. Over the period under review, average import prices hit record highs at $157 per ton in February 2023; however, from March 2023 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Poland ($297 per ton), while the price for Sweden ($109 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Lithuania (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Cement Exports in Latvia
In 2022, approx. 960K tons of cement were exported from Latvia; growing by 11% compared with 2021. The total export volume increased at an average annual rate of +3.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, cement exports skyrocketed to $75M in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +14.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.6% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Cement in Latvia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Sweden | 15.1 | 16.7 | 16.3 | 26.2 | 20.2% |
Estonia | 11.8 | 15.0 | 16.4 | 24.7 | 27.9% |
Finland | 19.0 | 20.9 | 22.2 | 23.9 | 7.9% |
Belarus | 4.0 | 2.6 | 2.2 | 0.2 | -63.2% |
Others | 0.2 | 0.3 | 0.5 | 0.5 | 35.7% |
Total | 50.1 | 55.5 | 57.6 | 75.4 | 14.6% |
Top Export Markets for Cement from Latvia in 2022:
- Finland (337.5K tons)
- Sweden (331.5K tons)
- Estonia (282.2K tons)
- Belarus (2.9K tons)
Cement Imports in Latvia
After three years of growth, purchases abroad of cement decreased by -6.8% to 214K tons in 2022. The total import volume increased at an average annual rate of +7.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 25% against the previous year. As a result, imports reached the peak of 229K tons, and then contracted in the following year.
In value terms, cement imports skyrocketed to $23M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +19.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.5% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 32%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.
Import of Cement in Latvia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lithuania | 1.1 | 0.7 | 3.8 | 16.4 | 146.1% |
Estonia | 6.0 | 1.4 | 2.1 | 2.0 | -30.7% |
Poland | 1.2 | 1.1 | 1.4 | 1.9 | 16.6% |
Belarus | 3.2 | 4.4 | 4.9 | 1.0 | -32.1% |
Denmark | 0.5 | 0.6 | 0.7 | 0.6 | 6.3% |
Sweden | 0.2 | 4.4 | 4.0 | N/A | 347.2% |
Others | 0.9 | 1.1 | 1.1 | 0.6 | -12.6% |
Total | 13.1 | 13.7 | 18.1 | 22.5 | 19.8% |
Top Suppliers of Cement to Latvia in 2022:
- Sweden (undefinedK tons)
- Lithuania (163.9K tons)
- Estonia (19.1K tons)
- Belarus (16.1K tons)
- Poland (7.8K tons)
- Denmark (3.3K tons)
This report provides an in-depth analysis of the cement market in Latvia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 23511210 - Portland cement
- Prodcom 23511290 - Other hydraulic cements
Country coverage:
- Latvia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Latvia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the cement market in Latvia.
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This report provides an in-depth analysis of the global cement clinker market.
This report provides an in-depth analysis of the cement market in Latvia.
This report provides an in-depth analysis of the cement clinker market in Latvia.
This report provides an in-depth analysis of the global cement market.
This report provides an in-depth analysis of the global cement clinker market.
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