Report Update: May 1, 2024

Latvia - Marble And Travertine - Market Analysis, Forecast, Size, Trends and Insights

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Marble and Travertine Price in Latvia - 2023

Marble and Travertine Price in Latvia (CIF) - 2022

In 2021, the average marble and travertine import price amounted to $779 per ton, increasing by 141% against the previous year. Overall, the import price posted a strong expansion. The most prominent rate of growth was recorded in 2015 an increase of 290% against the previous year. As a result, import price attained the peak level of $2,420 per ton. From 2016 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($1,236 per ton), while the price for Portugal ($236 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+15.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Marble and Travertine Price in Latvia (FOB) - 2022

In 2021, the average marble and travertine export price amounted to $870 per ton, rising by 40% against the previous year. Over the period under review, the export price, however, saw a perceptible descent. The pace of growth was the most pronounced in 2013 an increase of 85%. The export price peaked at $4,746 per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Kazakhstan ($941 per ton), while the average price for exports to Russia stood at $722 per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+6.0%), while the prices for the other major destinations experienced a decline.

Marble and Travertine Imports in Latvia

Marble and travertine imports into Latvia surged to 75 tons in 2022, rising by 16% against 2021 figures. Over the period under review, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 181% against the previous year. As a result, imports reached the peak of 168 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, marble and travertine imports dropped rapidly to $29K in 2022. In general, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 when imports increased by 160%. As a result, imports attained the peak of $54K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Marble and Travertine in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
Spain	0.4	N/A	22.3	646.7%
Italy	0.2	24.0	14.8	760.2%
India	0.7	N/A	12.6	324.3%
Portugal	0.1	N/A	0.4	100.0%
Sweden	13.5	N/A	N/A	0%
Albania	N/A	12.6	N/A	0%
Turkey	0.7	11.9	N/A	1600.0%
Others	5.2	6.0	N/A	15.4%
Total	20.9	54.4	50.1	54.8%

Top Suppliers of Marble and Travertine to Latvia in 2022:

India (27.0 tons)
Spain (23.8 tons)
Italy (11.9 tons)
Portugal (1.6 tons)

Marble and Travertine Exports in Latvia

Marble and travertine exports from Latvia was estimated at 38 tons in 2022, surging by 9.4% on the year before. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 7,229%. As a result, the exports attained the peak of 42 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, marble and travertine exports declined to $28K in 2022. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 860% against the previous year.

Export of Marble and Travertine in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
Kazakhstan	N/A	N/A	22.3	0%
Russia	1.8	24.0	8.2	113.4%
Sweden	27.7	N/A	N/A	0%
Italy	62.1	N/A	N/A	0%
Others	-88.9	2.0	N/A	-102.2%
Total	2.7	26.0	30.6	236.7%

Top Export Markets for Marble and Travertine from Latvia in 2022:

Kazakhstan (23.8 tons)
Russia (11.4 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the marble and travertine 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 08111133 - Marble and travertine, crude or roughly trimmed
Prodcom 08111136 - Marble and travertine merely cut into rectangular or square blocks or slabs
Prodcom 08111150 - Ecaussine and other calcareous monumental or building stone of an apparent specific gravity . 2,5

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023