Report Update May 1, 2024

Latvia - Non-Electric Furnaces and Ovens for the Roasting or Melting - Market Analysis, Forecast, Size, Trends and Insights

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Latvia: Non-Electric Roasting Furnace Market 2024

Non-Electric Roasting Furnace Market Size in Latvia

In 2022, after two years of decline, there was decline in the Latvian non-electric roasting furnace market, when its value decreased by X% to $X. Over the period under review, consumption enjoyed a significant increase. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Non-Electric Roasting Furnace Production in Latvia

In value terms, non-electric roasting furnace production expanded notably to $X in 2022 estimated in export price. Overall, production, however, enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; afterwards, it flattened through to 2022.

Non-Electric Roasting Furnace Exports

Exports from Latvia

In 2022, after two years of decline, there was decline in overseas shipments of non-electric furnaces and ovens for the roasting or melting, when their volume decreased by X% to X units. In general, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, non-electric roasting furnace exports totaled $X in 2022. Overall, exports posted a significant increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The Netherlands (X units) was the main destination for non-electric roasting furnace exports from Latvia, with a approx. X% share of total exports.

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

From 2013 to 2022, the average annual growth rate of value to the Netherlands totaled X%.

Export Prices by Country

In 2022, the average non-electric roasting furnace export price amounted to $X per unit, remaining relatively unchanged against the previous year. Over the period under review, the export price continues to indicate significant growth. The growth pace was the most rapid in 2014 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2013 to 2022, the rate of growth in terms of prices for the Netherlands amounted to X% per year.

Non-Electric Roasting Furnace Imports

Imports into Latvia

In 2022, the amount of non-electric furnaces and ovens for the roasting or melting imported into Latvia skyrocketed to X units, increasing by X% on 2021. In general, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-electric roasting furnace imports soared to $X in 2022. Over the period under review, imports posted a significant increase. The pace of growth was the most pronounced in 2015 when imports increased by X%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of non-electric roasting furnace to Latvia, with a X% share of total imports. Moreover, non-electric roasting furnace imports from Italy exceeded the figures recorded by the second-largest supplier, Poland (X units), more than tenfold. Estonia (X units) ranked third in terms of total imports with a X% share.

From 2020 to 2022, the average annual growth rate of volume from Italy amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Estonia (X% per year).

In value terms, Italy ($X) constituted the largest supplier of non-electric furnaces and ovens for the roasting or melting to Latvia, comprising X% of total imports. The second position in the ranking was taken by Estonia ($X), with an X% share of total imports. It was followed by Belgium, with an X% share.

From 2020 to 2022, the average annual growth rate of value from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (X% per year) and Belgium (X% per year).

Import Prices by Country

The average non-electric roasting furnace import price stood at $X per unit in 2022, dropping by X% against the previous year. In general, the import price faced a deep slump. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit, and then fell markedly in the following year.

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

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for non-electric furnaces and ovens for the roasting or melting in the world?

Sri Lanka remains the largest non-electric roasting furnace consuming country worldwide, comprising approx. 40% of total volume. Moreover, non-electric roasting furnace consumption in Sri Lanka exceeded the figures recorded by the second-largest consumer, China, threefold. The third position in this ranking was held by Malaysia, with a 5.8% share.

What are the largest producers of non-electric furnaces and ovens for the roasting or melting in the world?

China constituted the country with the largest volume of non-electric roasting furnace production, comprising approx. 43% of total volume. Moreover, non-electric roasting furnace production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was taken by Singapore, with a 4.9% share.

What are the leading suppliers of non-electric furnaces and ovens for the roasting or melting to Latvia?

In value terms, Italy constituted the largest supplier of non-electric furnaces and ovens for the roasting or melting to Latvia, comprising 68% of total imports. The second position in the ranking was held by Estonia, with an 18% share of total imports. It was followed by Belgium, with an 8.4% share.

What is the average export price for non-electric furnaces and ovens for the roasting or melting in Latvia?

In 2022, the average non-electric roasting furnace export price amounted to $27,892 per unit, therefore, remained relatively stable against the previous year.

What is the average import price for non-electric furnaces and ovens for the roasting or melting in Latvia?

In 2022, the average non-electric roasting furnace import price amounted to $19,419 per unit, which is down by -66.2% against the previous year.

This report provides an in-depth analysis of the non-electric roasting furnace 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 28211230 - Non-electric furnaces and ovens for the roasting, melting or other heat-treatment of ores, pyrites or of metals

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
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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