Latvia: Market for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos 2024

Market Size for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos in Latvia

The Latvian market for articles of cellulose fibre-cement, not containing asbestos rose rapidly to $X in 2022, picking up by X% against the previous year. Overall, consumption saw a significant increase. Consumption of peaked in 2022 and is expected to retain growth in the immediate term.

Production of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos in Latvia

In value terms, production of articles of cellulose fibre-cement, not containing asbestos amounted to $X in 2022 estimated in export price. Overall, production posted strong growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production of hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos

Exports from Latvia

In 2022, after two years of growth, there was significant decline in shipments abroad of articles of cellulose fibre-cement, not containing asbestos, when their volume decreased by X% to X tons. In general, exports, however, enjoyed a resilient increase. The growth pace was the most rapid in 2017 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of articles of cellulose fibre-cement, not containing asbestos reduced modestly to $X in 2022. Over the period under review, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Lithuania (X tons) was the main destination for exports of articles of cellulose fibre-cement, not containing asbestos from Latvia, with a X% share of total exports. Moreover, exports of articles of cellulose fibre-cement, not containing asbestos to Lithuania exceeded the volume sent to the second major destination, Estonia (X tons), fourfold.

From 2013 to 2022, the average annual growth rate of volume to Lithuania totaled X%.

In value terms, Lithuania ($X) remains the key foreign market for articles of cellulose fibre-cement, not containing asbestos exports from Latvia, comprising X% of total exports. The second position in the ranking was held by Estonia ($X), with a X% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of value to Lithuania stood at X%.

Export Prices by Country

In 2022, the average export price for articles of cellulose fibre-cement, not containing asbestos amounted to $X per ton, surging by X% against the previous year. Overall, the export price saw a prominent expansion. The most prominent rate of growth was recorded in 2014 an increase of X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Estonia amounted to $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (X%), while the prices for the other major destinations experienced a decline.

Imports of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos

Imports into Latvia

For the third consecutive year, Latvia recorded growth in supplies from abroad of articles of cellulose fibre-cement, not containing asbestos, which increased by X% to X tons in 2022. In general, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports of attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, imports of articles of cellulose fibre-cement, not containing asbestos totaled $X in 2022. Overall, imports enjoyed significant growth. The pace of growth was the most pronounced in 2017 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Lithuania (X tons), China (X tons) and Russia (X tons) were the main suppliers of imports of articles of cellulose fibre-cement, not containing asbestos to Latvia, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest articles of cellulose fibre-cement, not containing asbestos suppliers to Latvia were China ($X), Lithuania ($X) and Russia ($X), with a combined X% share of total imports.

Among the main suppliers, Lithuania, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for articles of cellulose fibre-cement, not containing asbestos stood at $X per ton in 2022, falling by X% against the previous year. Overall, the import price, however, saw a strong increase. The growth pace was the most rapid in 2017 when the average import price increased by X%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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 the Netherlands ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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