Latvia: Market for Non-Kaolinitic Clays for Constructional and Industrial Use 2024

Market Size for Non-Kaolinitic Clays for Constructional and Industrial Use in Latvia

In 2022, after three years of growth, there was significant decline in the Latvian market for non-kaolinitic clays for constructional and industrial use, when its value decreased by X% to $X. Over the period under review, consumption saw a noticeable contraction. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Exports of Non-Kaolinitic Clays for Constructional and Industrial Use

Exports from Latvia

In 2022, approx. X tons of non-kaolinitic clays for constructional and industrial use were exported from Latvia; jumping by X% compared with 2021 figures. Over the period under review, exports posted significant growth. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of non-kaolinitic clays for constructional and industrial use shrank to $X in 2022. Overall, exports recorded significant growth. The pace of growth appeared the most rapid in 2018 with an increase of X%. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

Estonia (X tons), Lithuania (X tons) and the Netherlands (X tons) were the main destinations of exports of non-kaolinitic clays for constructional and industrial use from Latvia, together comprising X% of total exports.

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

In value terms, the largest markets for non-kaolinitic clays for constructional and industrial use exported from Latvia were the Netherlands ($X), Estonia ($X) and Lithuania ($X), together accounting for X% of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for non-kaolinitic clays for constructional and industrial use stood at $X per ton in 2022, waning by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. The export price peaked at $X per ton in 2021, and then shrank rapidly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Estonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Non-Kaolinitic Clays for Constructional and Industrial Use

Imports into Latvia

After two years of growth, supplies from abroad of non-kaolinitic clays for constructional and industrial use decreased by X% to X tons in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports of hit record highs at X tons in 2021, and then fell in the following year.

In value terms, imports of non-kaolinitic clays for constructional and industrial use surged to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Sweden (X tons), the Czech Republic (X tons) and Germany (X tons) were the main suppliers of imports of non-kaolinitic clays for constructional and industrial use to Latvia, together accounting for X% of total imports. The Netherlands, Lithuania, Estonia, the United States and Denmark lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest non-kaolinitic clays for constructional and industrial use suppliers to Latvia were the Czech Republic ($X), Sweden ($X) and the Netherlands ($X), with a combined X% share of total imports. Lithuania, Germany, Estonia, the United States and Denmark lagged somewhat behind, together accounting for a further X%.

The United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for non-kaolinitic clays for constructional and industrial use amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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