Report Update: May 1, 2024

Latvia - Tools Of Wood - Market Analysis, Forecast, Size, Trends And Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Wood Tool Price in Latvia - 2023

Wood Tool Price in Latvia (FOB) - 2023

The average wood tool export price stood at $2,503 per ton in September 2023, which is down by -2% against the previous month. In general, export price indicated a slight expansion from September 2022 to September 2023: its price increased at an average monthly rate of +1.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, wood tool export price increased by +1.2% against July 2023 indices. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 71% month-to-month. As a result, the export price attained the peak level of $3,166 per ton. From January 2023 to September 2023, the the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In September 2023, the highest price was recorded for prices to Lithuania ($2,830 per ton) and Finland ($2,826 per ton), while the average price for exports to France ($1,948 per ton) and Bulgaria ($2,452 per ton) 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 Sweden (+1,588.8%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Tool Price in Latvia (CIF) - 2022

In 2022, the average wood tool import price amounted to $5,227 per ton, jumping by 44% against the previous year. In general, the import price recorded a temperate expansion. 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 2022, amid the top importers, the country with the highest price was Finland ($12,311 per ton), while the price for Poland ($3,691 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Wood Tool Exports in Latvia

In 2022, shipments abroad of tools of wood increased by 9.3% to 745 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a abrupt shrinkage.

In value terms, wood tool exports surged to $1.6M in 2022. The total export value increased at an average annual rate of +4.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Wood Tool in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	728	494	438	1,009	11.5%
Finland	262	178	265	309	5.7%
Poland	316	285	254	134	-24.9%
Lithuania	29.9	38.9	48.1	79.5	38.5%
Estonia	54.3	45.6	40.1	59.1	2.9%
Others	53.2	143	345	55.6	1.5%
Total	1,444	1,183	1,392	1,646	4.5%

Top Export Markets for Wood Tool from Latvia in 2022:

Germany (465.9 tons)
Finland (122.4 tons)
Poland (86.8 tons)
Lithuania (34.6 tons)
Estonia (26.1 tons)

Wood Tool Imports in Latvia

After two years of decline, supplies from abroad of tools of wood increased by 15% to 42 tons in 2022. Over the period under review, imports, however, continue to indicate a drastic downturn.

In value terms, wood tool imports skyrocketed to $220K in 2022. Overall, imports showed a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Wood Tool in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Poland	36.9	38.5	50.9	74.5	26.4%
Lithuania	22.8	20.9	31.1	41.4	22.0%
Estonia	2.3	5.0	3.2	36.4	151.1%
Finland	1.8	1.1	1.0	21.0	126.8%
Spain	0.1	0.6	1.6	10.7	374.7%
Germany	11.3	7.6	9.2	10.0	-4.0%
Sweden	7.0	17.4	14.2	8.3	5.8%
China	4.3	2.9	0.5	0.5	-51.2%
Ukraine	4.9	N/A	N/A	N/A	0%
Others	36.9	16.2	20.4	16.9	-22.9%
Total	128	110	132	220	19.8%

Top Suppliers of Wood Tool to Latvia in 2022:

Poland (20.2 tons)
Lithuania (11.0 tons)
Estonia (3.2 tons)
Spain (1.9 tons)
Finland (1.7 tons)
Germany (1.5 tons)
Sweden (0.9 tons)
China (0.5 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the wood tool 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 16291130 - Tools, tool bodies and handles and broom or brush bodies and handles of wood, boot and shoe lasts and trees of wood

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