Waferboard Price in Latvia - 2023
Contents:
- Waferboard Price in Latvia (FOB) - 2022
- Waferboard Price in Latvia (CIF) - 2023
- Waferboard Exports in Latvia
- Waferboard Imports in Latvia
Waferboard Price in Latvia (FOB) - 2022
In 2022, the average waferboard export price amounted to $282 per cubic meter, picking up by 8.7% against the previous year. Over the period under review, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, waferboard export price increased by +49.1% against 2018 indices. The most prominent rate of growth was recorded in 2021 an increase of 50% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($393 per cubic meter), while the average price for exports to Poland ($222 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 Denmark (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.
Waferboard Price in Latvia (CIF) - 2023
In September 2023, the average waferboard import price amounted to $406 per cubic meter, almost unchanged from the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 17% m-o-m. The import price peaked at $486 per cubic meter in April 2023; however, from May 2023 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Lithuania ($667 per cubic meter), while the price for Poland ($379 per cubic meter) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Lithuania (+7.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Waferboard Exports in Latvia
After two years of decline, shipments abroad of waferboards increased by 24% to 354K cubic meters in 2022. Overall, exports recorded a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, waferboard exports soared to $100M in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +19.2% 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 +80.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 34%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Waferboard in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 30.3 | 28.5 | 35.1 | 46.2 | 15.1% |
| Finland | 5.9 | 4.9 | 6.9 | 12.3 | 27.7% |
| Poland | 6.6 | 6.5 | 7.0 | 12.1 | 22.4% |
| Estonia | 6.7 | 7.2 | 8.3 | 11.0 | 18.0% |
| Sweden | 5.0 | 4.7 | 7.1 | 8.2 | 17.9% |
| Denmark | 1.1 | 1.9 | 5.7 | 4.3 | 57.5% |
| Hungary | N/A | N/A | N/A | 2.8 | 0% |
| Others | 3.4 | 1.6 | 4.4 | 3.2 | -2.0% |
| Total | 59.0 | 55.3 | 74.4 | 100 | 19.2% |
Top Export Markets for Waferboard from Latvia in 2022:
- Lithuania (172.2K cubic meters)
- Poland (54.5K cubic meters)
- Finland (38.8K cubic meters)
- Estonia (34.9K cubic meters)
- Sweden (25.2K cubic meters)
- Denmark (12.6K cubic meters)
- Hungary (7.0K cubic meters)
Waferboard Imports in Latvia
Waferboard imports into Latvia surged to 74K cubic meters in 2022, jumping by 48% compared with 2021 figures. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +12.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.5% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, waferboard imports soared to $24M in 2022. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Waferboard in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 4.0 | 9.1 | 12.0 | 14.4 | 53.3% |
| Belarus | 1.5 | 0.4 | 0.2 | 2.4 | 17.0% |
| Russia | 1.8 | 0.3 | 0.7 | 2.2 | 6.9% |
| Czech Republic | 1.0 | 0.7 | 1.2 | 1.0 | 0.0% |
| Lithuania | 0.5 | 0.8 | 1.2 | 1.0 | 26.0% |
| Estonia | 0.9 | 0.7 | 1.2 | 0.9 | 0.0% |
| Germany | 0.4 | 0.5 | 0.3 | 0.6 | 14.5% |
| Others | 3.1 | 1.4 | 1.9 | 1.9 | -15.1% |
| Total | 13.2 | 13.7 | 18.8 | 24.3 | 22.6% |
Top Suppliers of Waferboard to Latvia in 2022:
- Poland (34.7K cubic meters)
- Belarus (14.8K cubic meters)
- Russia (13.7K cubic meters)
- Czech Republic (2.1K cubic meters)
- Lithuania (1.9K cubic meters)
- Estonia (1.8K cubic meters)
- Germany (1.2K cubic meters)
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