Latvia: Market for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone 2024

Market Size for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in Latvia

In 2022, after two years of decline, there was growth in the Latvian cement prefabricated structural components market, when its value increased by X% to $X. In general, consumption recorded a perceptible reduction. Cement prefabricated structural components consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in Latvia

In value terms, cement prefabricated structural components production surged to $X in 2022 estimated in export price. In general, production, however, recorded a prominent increase. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Cement prefabricated structural components production peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Exports from Latvia

In 2022, overseas shipments of prefabricated structural components of cement, concrete or artificial stone decreased by X% to X tons, falling for the second year in a row after nine years of growth. In general, exports, however, recorded a strong increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, cement prefabricated structural components exports dropped to $X in 2022. Overall, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden (X tons) was the main destination for cement prefabricated structural components exports from Latvia, accounting for a X% share of total exports. Moreover, cement prefabricated structural components exports to Sweden exceeded the volume sent to the second major destination, Denmark (X tons), more than tenfold. The third position in this ranking was taken by Lithuania (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (X% per year) and Lithuania (X% per year).

In value terms, Sweden ($X) remains the key foreign market for prefabricated structural components of cement, concrete or artificial stone exports from Latvia, comprising X% of total exports. The second position in the ranking was taken by Denmark ($X), with a X% share of total exports. It was followed by the UK, with an X% share.

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

Export Prices by Country

In 2022, the average cement prefabricated structural components export price amounted to $X per ton, picking up by X% against the previous year. Overall, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cement prefabricated structural components export price increased by X% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Sweden ($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 Denmark (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Imports into Latvia

Cement prefabricated structural components imports into Latvia fell to X tons in 2022, with a decrease of X% against the year before. Over the period under review, imports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, cement prefabricated structural components imports soared to $X in 2022. In general, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Estonia (X tons), Belarus (X tons) and Lithuania (X tons) were the main suppliers of cement prefabricated structural components imports to Latvia, together accounting for X% of total imports.

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

In value terms, Estonia ($X), Lithuania ($X) and Germany ($X) were the largest cement prefabricated structural components suppliers to Latvia, together comprising X% of total imports. Belarus and Poland lagged somewhat behind, together comprising a further X%.

Belarus, 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

The average cement prefabricated structural components import price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price, however, saw a noticeable curtailment. The growth pace was the most rapid in 2019 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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