Report Update: May 1, 2024

Latvia - Particle Board - Market Analysis, Forecast, Size, Trends and Insights

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Particle Board Price in Latvia - 2023

Particle Board Price in Latvia (FOB) - 2022

In 2022, the average particle board export price amounted to $348 per cubic meter, rising by 12% against the previous year. Overall, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, particle board export price increased by +62.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 45%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($585 per cubic meter), while the average price for exports to Poland ($223 per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Particle Board Price in Latvia (CIF) - 2023

In September 2023, the average particle board import price amounted to $392 per cubic meter, approximately equating the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 19% month-to-month. Over the period under review, average import prices hit record highs at $477 per cubic meter in April 2023; however, from May 2023 to September 2023, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In September 2023, the highest price was recorded for prices from Lithuania ($526 per cubic meter) and Estonia ($432 per cubic meter), while the price for Poland ($368 per cubic meter) and Germany ($419 per cubic meter) were amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Lithuania (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Particle Board Exports in Latvia

In 2022, shipments abroad of particle board decreased by -18.8% to 890K cubic meters for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 16% against the previous year. As a result, the exports reached the peak of 1.1M cubic meters, and then fell markedly in the following year.

In value terms, particle board exports contracted to $309M in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +16.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 68% against the previous year. As a result, the exports attained the peak of $339M, and then declined in the following year.

Export of Particle Board in Latvia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	4.7	13.6	98.3	110	186.0%
Lithuania	39.5	40.1	49.8	56.3	12.5%
Finland	11.2	12.4	14.6	25.6	31.7%
Sweden	34.1	24.5	39.7	25.6	-9.1%
United Kingdom	33.3	46.1	37.8	23.0	-11.6%
Estonia	11.4	13.8	17.3	20.0	20.6%
Poland	7.4	6.5	7.0	12.3	18.5%
Denmark	10.4	13.1	24.0	12.2	5.5%
Norway	13.2	12.1	25.4	11.4	-4.8%
Germany	15.7	1.5	2.5	1.5	-54.3%
Others	15.0	17.9	23.2	11.8	-7.7%
Total	196	202	339	309	16.4%

Top Export Markets for Particle Board from Latvia in 2022:

United States (279.9K cubic meters)
Lithuania (198.5K cubic meters)
Finland (69.5K cubic meters)
Sweden (68.2K cubic meters)
United Kingdom (67.6K cubic meters)
Estonia (57.4K cubic meters)
Poland (55.0K cubic meters)
Denmark (31.8K cubic meters)
Norway (29.5K cubic meters)
Germany (1.5K cubic meters)

Particle Board Imports in Latvia

In 2022, imports of particle board into Latvia fell to 150K cubic meters, reducing by -13.1% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 39% against the previous year. As a result, imports attained the peak of 173K cubic meters, and then contracted in the following year.

In value terms, particle board imports reduced to $46M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +15.7% 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 +57.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 70%. As a result, imports reached the peak of $49M, and then fell in the following year.

Import of Particle Board in Latvia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Poland	8.5	13.3	17.0	18.2	28.9%
Belarus	11.7	10.5	19.2	14.8	8.1%
Russia	3.2	0.6	5.7	5.7	21.2%
Lithuania	0.7	1.0	1.6	1.7	34.4%
Czech Republic	1.0	0.7	1.2	1.0	0.0%
Estonia	0.9	0.7	1.3	0.9	0.0%
Others	3.5	2.3	3.5	3.4	-1.0%
Total	29.5	29.1	49.4	45.7	15.7%

Top Suppliers of Particle Board to Latvia in 2022:

Belarus (66.1K cubic meters)
Poland (45.1K cubic meters)
Russia (24.2K cubic meters)
Lithuania (3.8K cubic meters)
Czech Republic (2.1K cubic meters)
Estonia (1.8K cubic meters)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the particle board 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:

FCL 1697 - Particle board
FCL 1606 - OSB

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