Production of Wood Charcoal in Latvia - 2022

Wood Charcoal Production in Latvia - 2022

In 2022, approx. 8.5K tons of wood charcoal were produced in Latvia; waning by -10.5% against 2021 figures. Overall, production continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 15%. Over the period under review, production reached the peak volume at 13K tons in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

In value terms, wood charcoal production rose markedly to $8.3M in 2022 estimated in export price. Over the period under review, the total production indicated a perceptible expansion from 2017 to 2022: its value increased at an average annual rate of +3.3% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +60.1% against 2019 indices. The pace of growth was the most pronounced in 2021 when the production volume increased by 22% against the previous year. Over the period under review, production attained the peak level in 2022 and is likely to see steady growth in years to come.

Source: IndexBox Market Intelligence Platform

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Free Data: Wood Charcoal - Latvia