Latvia - Granite Building Stone - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGranite Building Stone Price in Latvia - 2023
Contents:
- Granite Building Stone Price in Latvia (CIF) - 2022
- Granite Building Stone Price in Latvia (FOB) - 2022
- Granite Building Stone Imports in Latvia
- Granite Building Stone Exports in Latvia
Granite Building Stone Price in Latvia (CIF) - 2022
The average granite building stone import price stood at $955 per ton in 2022, surging by 15% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, granite building stone import price increased by +86.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 31% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($2,768 per ton), while the price for Ukraine ($322 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Granite Building Stone Price in Latvia (FOB) - 2022
In 2022, the average granite building stone export price amounted to $4,657 per ton, jumping by 36% against the previous year. Overall, the export price posted a remarkable increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 136%. As a result, the export price attained the peak level of $4,861 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($7,537 per ton), while the average price for exports to Turkey ($2,215 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.
Granite Building Stone Imports in Latvia
In 2022, after two years of decline, there was significant growth in purchases abroad of granite building stone, when their volume increased by 29% to 2.8K tons. Overall, imports, however, recorded a abrupt setback.
In value terms, granite building stone imports surged to $2.7M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +10.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Granite Building Stone in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 907 | 630 | 654 | 946 | 1.4% |
| India | 576 | 570 | 471 | 930 | 17.3% |
| Estonia | 169 | 263 | 296 | 290 | 19.7% |
| United Kingdom | 0.7 | N/A | N/A | 180 | 535.9% |
| Brazil | N/A | 32.1 | 76.0 | 115 | 89.3% |
| Lithuania | 90.2 | 123 | 108 | 102 | 4.2% |
| Ukraine | 31.7 | 28.3 | 42.2 | 54.1 | 19.5% |
| Others | 219 | 222 | 184 | 88.8 | -26.0% |
| Total | 1,995 | 1,869 | 1,831 | 2,707 | 10.7% |
Top Suppliers of Granite Building Stone to Latvia in 2022:
- India (1158.2 tons)
- China (1008.5 tons)
- Brazil (208.4 tons)
- Ukraine (167.9 tons)
- Estonia (124.5 tons)
- United Kingdom (65.2 tons)
- Lithuania (42.5 tons)
Granite Building Stone Exports in Latvia
In 2022, overseas shipments of granite building stone decreased by -64.2% to 14 tons, falling for the second consecutive year after two years of growth. Overall, exports, however, enjoyed a slight expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 259%. As a result, the exports reached the peak of 49 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, granite building stone exports reduced sharply to $66K in 2022. Over the period under review, exports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 243%. As a result, the exports reached the peak of $144K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Granite Building Stone in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 10.0 | 12.2 | 18.8 | 27.2 | 39.6% |
| Russia | 0.2 | 102 | 89.6 | 17.2 | 341.4% |
| Lithuania | 6.4 | 7.2 | 6.6 | 7.6 | 5.9% |
| Turkey | N/A | N/A | N/A | 6.7 | 0% |
| Norway | N/A | 0.1 | N/A | 6.5 | 706.2% |
| Sweden | N/A | 21.1 | 20.6 | 0.7 | -81.8% |
| Germany | 21.0 | N/A | N/A | N/A | 0% |
| Others | 4.5 | 1.4 | N/A | 0.3 | -59.5% |
| Total | 42.0 | 144 | 136 | 66.2 | 16.4% |
Top Export Markets for Granite Building Stone from Latvia in 2022:
- Estonia (5.0 tons)
- Russia (3.7 tons)
- Turkey (3.0 tons)
- Lithuania (1.5 tons)
- Norway (0.9 tons)
- Sweden (0.1 tons)
This report provides an in-depth analysis of the granite building stone 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 23701260 - Worked monumental or building stone and articles thereof, of granite (excluding tiles, cubes and similar articles, of which the largest surface area is capable of being enclosed in a square the side of which is < 7 cm, setts, kerbstones and
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
-
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
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