Latvia: Market for Moulds For Mineral Materials 2024

Market Size for Moulds For Mineral Materials in Latvia

The Latvian mould for mineral materials market surged to $X in 2022, growing by X% against the previous year. Over the period under review, consumption saw tangible growth. Mould for mineral materials consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Moulds For Mineral Materials in Latvia

In value terms, mould for mineral materials production surged to $X in 2022 estimated in export price. Over the period under review, production showed a temperate increase. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Mould for mineral materials production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Moulds For Mineral Materials

Exports from Latvia

In 2022, exports of moulds for mineral materials from Latvia contracted notably to X units, which is down by X% against the previous year. In general, exports continue to indicate a dramatic curtailment. The pace of growth was the most pronounced in 2016 with an increase of X%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, mould for mineral materials exports shrank remarkably to $X in 2022. Overall, exports faced a abrupt curtailment. The growth pace was the most rapid in 2020 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Russia (X units), Hong Kong SAR (X units) and Lithuania (X units) were the main destinations of mould for mineral materials exports from Latvia, together comprising X% of total exports. Ukraine, Uzbekistan and Finland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uzbekistan (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, Russia ($X) remains the key foreign market for moulds for mineral materials exports from Latvia, comprising X% of total exports. The second position in the ranking was held by Finland ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

The average mould for mineral materials export price stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the export price, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. The export price peaked at $X per unit in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($X per unit), while the average price for exports to Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Moulds For Mineral Materials

Imports into Latvia

In 2022, approx. X units of moulds for mineral materials were imported into Latvia; surging by X% on the previous year. In general, imports, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, mould for mineral materials imports surged to $X in 2022. Overall, imports saw prominent growth. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Austria (X units) constituted the largest supplier of mould for mineral materials to Latvia, with a X% share of total imports. Moreover, mould for mineral materials imports from Austria exceeded the figures recorded by the second-largest supplier, Denmark (X units), twofold. Estonia (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Austria amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and Estonia (X% per year).

In value terms, Austria ($X) constituted the largest supplier of moulds for mineral materials to Latvia, comprising X% of total imports. The second position in the ranking was taken by Denmark ($X), with a X% share of total imports. It was followed by Bulgaria, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Austria amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and Bulgaria (X% per year).

Import Prices by Country

The average mould for mineral materials import price stood at $X per unit in 2022, growing by X% against the previous year. In general, the import price recorded a significant expansion. The pace of growth appeared the most rapid in 2019 when the average import price increased by X%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Estonia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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