Latvia - Wood Chips And Particles - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Wood Chips and Particles in Latvia - 2023
Contents:
- Price for Wood Chips and Particles in Latvia (FOB) - 2023
- Price for Wood Chips and Particles in Latvia (CIF) - 2023
- Exports of Wood Chips and Particles in Latvia
- Imports of Wood Chips and Particles in Latvia
Price for Wood Chips and Particles in Latvia (FOB) - 2023
In September 2023, the average wood chips and particles export price amounted to $29.7 per cubic meter, picking up by 10% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.1%. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 21% month-to-month. The export price peaked in September 2023.
Average prices varied somewhat for the major external markets. In September 2023, the highest price was recorded for prices to Germany ($32.6 per cubic meter) and Sweden ($30.8 per cubic meter), while the average price for exports to Estonia ($23.6 per cubic meter) and Norway ($23.7 per cubic meter) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Wood Chips and Particles in Latvia (CIF) - 2023
The average wood chips and particles import price stood at $68.1 per cubic meter in September 2023, with an increase of 55% against the previous month. Over the period under review, the import price recorded buoyant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Lithuania ($79.1 per cubic meter), while the price for Estonia amounted to $42.0 per cubic meter.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Sweden (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Wood Chips and Particles in Latvia
In 2022, exports of wood chips and particles from Latvia expanded rapidly to 8.1M cubic meters, rising by 8.8% on 2021 figures. The total export 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 most prominent rate of growth was recorded in 2021 with an increase of 18%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, wood chips and particles exports soared to $157M in 2022. In general, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +9.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.4% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Wood Chips and Particles in Latvia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Sweden | 55.7 | 41.8 | 42.6 | 51.1 | -2.8% |
Denmark | 10.9 | 17.6 | 19.0 | 41.9 | 56.6% |
Finland | 26.5 | 21.0 | 25.0 | 23.6 | -3.8% |
Lithuania | 10.6 | 7.0 | 9.8 | 20.7 | 25.0% |
Poland | N/A | 0.1 | 0.3 | 5.6 | 648.3% |
Germany | 1.2 | 2.6 | 1.4 | 5.6 | 67.1% |
Estonia | 5.6 | 9.9 | 6.4 | 3.7 | -12.9% |
Turkey | N/A | N/A | 3.3 | 1.7 | -48.5% |
Others | 7.9 | 3.2 | 1.9 | 3.3 | -25.2% |
Total | 119 | 103 | 110 | 157 | 9.7% |
Top Export Markets for Wood Chips and Particles from Latvia in 2022:
- Sweden (2735.7K cubic meters)
- Denmark (2004.8K cubic meters)
- Finland (1728.5K cubic meters)
- Lithuania (931.0K cubic meters)
- Germany (202.2K cubic meters)
- Poland (171.0K cubic meters)
- Turkey (124.2K cubic meters)
- Estonia (111.5K cubic meters)
Imports of Wood Chips and Particles in Latvia
In 2022, purchases abroad of wood chips and particles decreased by -57.6% to 508K cubic meters, falling for the second consecutive year after two years of growth. Overall, imports recorded a dramatic decline. The pace of growth appeared the most rapid in 2020 with an increase of 4.6%. As a result, imports reached the peak of 3.3M cubic meters. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, wood chips and particles imports declined to $9.9M in 2022. In general, imports faced a dramatic descent. The growth pace was the most rapid in 2020 with an increase of 1%. As a result, imports attained the peak of $28M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Import of Wood Chips and Particles in Latvia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lithuania | 1.7 | 3.4 | 1.8 | 3.8 | 30.8% |
Estonia | 1.4 | 1.3 | 0.8 | 3.4 | 34.4% |
Sweden | N/A | N/A | 0.2 | 0.8 | 300.0% |
Belarus | 24.1 | 22.6 | 7.3 | 0.7 | -69.3% |
Russia | 0.2 | 0.2 | 0.1 | 0.5 | 35.7% |
United Kingdom | N/A | N/A | N/A | 0.3 | 0% |
Others | 0.1 | 0.2 | 0.2 | 0.3 | 44.2% |
Total | 27.4 | 27.7 | 10.5 | 9.9 | -28.8% |
Top Suppliers of Wood Chips and Particles to Latvia in 2022:
- Estonia (180.2K cubic meters)
- Belarus (115.8K cubic meters)
- Lithuania (109.6K cubic meters)
- Sweden (49.6K cubic meters)
- Russia (32.4K cubic meters)
- United Kingdom (15.8K cubic meters)
This report provides an in-depth analysis of the market for wood chips and particles 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 1619 - Wood chips and particles
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
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