Feb 1, 2019

Latvia - Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers - Market Analysis, Forecast, Size, Trends and Insights

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Latvia: Overview of the Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2019

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Latvia

The revenue of the market of iron, steel or aluminium reservoirs, tanks, vats and similar containers in Latvia amounted to $X in 2018, surging by X% against the previous year. Over the period under review, consumption of iron, steel or aluminium reservoirs, tanks, vats and similar containers continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011, with an increase of X% year-to-year. In that year, the market for iron, steel or aluminium reservoir reached its peak level of $X. From 2012 to 2018, the growth of the market for iron, steel or aluminium reservoir remained at a lower figure.

Production of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Latvia

In value terms, production of iron, steel or aluminium reservoirs, tanks, vats and similar containers totaled $X in 2018 estimated in export prices. In general, production of iron, steel or aluminium reservoirs, tanks, vats and similar containers continues to indicate a drastic curtailment. The pace of growth was the most pronounced in 2010, with an increase of X% y-o-y. Latvia production of iron, steel or aluminium reservoirs, tanks, vats and similar containers peaked at $X in 2011; however, from 2012 to 2018, production failed to regain its momentum.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from Latvia

In 2018, approx. X tonnes of iron, steel or aluminium reservoirs, tanks, vats and similar containers were exported from Latvia; shrinking by -X% against the previous year. Overall, exports of iron, steel or aluminium reservoirs, tanks, vats and similar containers, however, continue to indicate a mild growth. The growth pace was the most rapid in 2015, with an increase of X% year-to-year. Latvia exports peaked at X tonnes in 2016; however, from 2017 to 2018, exports remained at a lower figure.

In value terms, exports of iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X in 2018. Over the period under review, exports of iron, steel or aluminium reservoirs, tanks, vats and similar containers, however, continue to indicate a measured contraction. The most prominent rate of growth was recorded in 2016, when exports increased by X% against the previous year. Over the period under review, exports of iron, steel or aluminium reservoirs, tanks, vats and similar containers attained their peak figure at $X in 2007; however, from 2008 to 2018, exports remained at a lower figure.

Exports by Country

In 2018, the U.S. (X tonnes), China (X tonnes), South Korea (X tonnes), Germany (X tonnes), Italy (X tonnes), Turkey (X tonnes), the Czech Republic (X tonnes), Poland (X tonnes), Mexico (X tonnes), Thailand (X tonnes), the Netherlands (X tonnes) and Portugal (X tonnes) were the main exporters of iron, steel or aluminium reservoirs, tanks, vats and similar containers in the world, comprising X% of total export.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by South Korea, while the other leaders experienced more modest paces of growth.

In value terms, the largest iron, steel or aluminium reservoir markets from Latvia were China ($X), the U.S. ($X) and South Korea ($X), with a combined X% share of total exports.

In terms of the main exporting countries, South Korea experienced the highest rates of growth with regard to exports, over the last eleven year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers in Latvia amounted to $X per tonne, rising by X% against the previous year. In general, the export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers, however, continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2011, when the export price increased by X% y-o-y. Latvia export price peaked at $X per tonne in 2007; however, from 2008 to 2018, export prices remained at a lower figure.

Export prices varied noticeably by the country of origin; the country with the highest export price was Italy ($X per tonne), while South Korea ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of export prices was attained by Thailand, while the other leaders experienced more modest paces of growth.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into Latvia

Imports of iron, steel or aluminium reservoirs, tanks, vats and similar containers into Latvia totaled X tonnes in 2018, picking up by X% against the previous year. In general, imports of iron, steel or aluminium reservoirs, tanks, vats and similar containers continue to indicate a noticeable growth. The pace of growth appeared the most rapid in 2011, when imports increased by X% y-o-y. In that year, imports of iron, steel or aluminium reservoirs, tanks, vats and similar containers attained their peak of X tonnes. From 2012 to 2018, the growth of imports of iron, steel or aluminium reservoirs, tanks, vats and similar containers remained at a lower figure.

In value terms, imports of iron, steel or aluminium reservoirs, tanks, vats and similar containers totaled $X in 2018. Overall, the total imports indicated a mild expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2011, when imports increased by X% y-o-y. Over the period under review, imports of iron, steel or aluminium reservoirs, tanks, vats and similar containers reached their maximum at $X in 2012; however, from 2013 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, the U.S. (X tonnes), distantly followed by Germany (X tonnes) were the key importers of iron, steel or aluminium reservoirs, tanks, vats and similar containers, together mixing up X% of total imports. The following importers - France (X tonnes), Canada (X tonnes), Mexico (X tonnes), the UK (X tonnes), Spain (X tonnes), the Netherlands (X tonnes), Belgium (X tonnes), Russia (X tonnes), Saudi Arabia (X tonnes) and Malaysia (X tonnes) - together made up X% of total imports.

From 2007 to 2018, average annual rates of growth with regard to iron, steel or aluminium reservoir imports into the U.S. stood at +X%. At the same time, Mexico (+X%), Malaysia (+X%), France (+X%), Spain (+X%) and Russia (+X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest growing importer in the world, with a CAGR of +X% from 2007-2018. Canada, the Netherlands and the UK experienced a relatively flat trend pattern. By contrast, Germany (-X%), Saudi Arabia (-X%) and Belgium (-X%) illustrated a downward trend over the same period. While the share of Germany (X%) increased significantly in terms of the global imports from 2007-2018, the share of Mexico (-X%) and the U.S. (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported iron, steel or aluminium reservoirs, tanks, vats and similar containers into Latvia, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by Canada, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. amounted to +X%. In the other countries, the average annual rates were as follows: Germany (-X% per year) and Canada (+X% per year).

Import Prices by Country

The import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers in Latvia stood at $X per tonne in 2018, coming down by -X% against the previous year. Over the period under review, the import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers continues to indicate a moderate drop. The growth pace was the most rapid in 2012, when the import price increased by X% against the previous year. In that year, the import prices for iron, steel or aluminium reservoirs, tanks, vats and similar containers attained their peak level of $X per tonne. From 2013 to 2018, the growth in terms of the import prices for iron, steel or aluminium reservoirs, tanks, vats and similar containers remained at a somewhat lower figure.

Import prices varied noticeably by the country of destination; the country with the highest import price was Canada ($X per tonne), while Saudi Arabia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of import prices was attained by Belgium, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Product coverage:
• Prodcom 25291110 - Iron or steel reservoirs, tanks, vats and similar containers for gases, of a capacity > .300 litres (excluding compressed or liquefied gas, fitted with mechanical or thermal equipment)
• Prodcom 25291120 - Iron or steel reservoirs, tanks, vats and similar containers lined or heat-insulated, for liquids, of a capacity > .300 litres (excluding fitted with mechanical or thermal equipment)
• Prodcom 25291130 - Iron or steel reservoirs, tanks, vats and similar containers for liquids, of a capacity > .300 litres (excluding fitted with mechanical or thermal equipment, lined or heat insulated)
• Prodcom 25291150 - Iron or steel reservoirs, tanks, vats and similar containers for solids, of a capacity > .300 litres (excluding fitted with mechanical or thermal equipment)
• Prodcom 25291170 - Aluminium reservoirs, tanks, vats and similar containers for any material (other than compressed or liquefied gas), of a capacity > .300 litres (excluding fitted with mechanical or thermal equipment)
• Prodcom 25291200 - Containers for compressed or liquefied gas, of metal

This report provides an in-depth analysis of the market for iron, steel or aluminium reservoir 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 2025.


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
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2025
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2018
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption In 2007–2018
Table 5:
Imports, In Physical Terms, By Country, 2007–2018
Table 6:
Imports, In Value Terms, By Country, 2007–2018
Table 7:
Import Prices, By Country Of Origin, 2007–2018
Table 8:
Exports, In Physical Terms, By Country, 2007–2018
Table 9:
Exports, In Value Terms, By Country, 2007–2018
Table 10:
Export Prices, By Country Of Destination, 2007–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2018
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2018
Figure 5:
Trade Balance, In Physical Terms, 2007–2018
Figure 6:
Trade Balance, In Value Terms, 2007–2018
Figure 7:
Per Capita Consumption, 2007–2018
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2018
Figure 21:
Production, In Value Terms, 2007–2018
Figure 22:
Imports, In Physical Terms, 2007–2018
Figure 23:
Imports, In Value Terms, 2007–2018
Figure 24:
Imports, In Physical Terms, By Country, 2018
Figure 25:
Imports, In Physical Terms, By Country, 2007–2018
Figure 26:
Imports, In Value Terms, By Country, 2007–2018
Figure 27:
Import Prices, By Country Of Origin, 2007–2018
Figure 28:
Exports, In Physical Terms, 2007–2018
Figure 29:
Exports, In Value Terms, 2007–2018
Figure 30:
Exports, In Physical Terms, By Country, 2018
Figure 31:
Exports, In Physical Terms, By Country, 2007–2018
Figure 32:
Exports, In Value Terms, By Country, 2007–2018
Figure 33:
Export Prices, By Country Of Destination, 2007–2018
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