Latvia: Preservative-Treated Rough Wood Market 2024

Preservative-Treated Rough Wood Market Size in Latvia

The Latvian preservative-treated rough wood market contracted rapidly to $X in 2022, waning by X% against the previous year. In general, consumption, however, enjoyed a strong increase. Preservative-treated rough wood consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Preservative-Treated Rough Wood Production in Latvia

In value terms, preservative-treated rough wood production declined modestly to $X in 2022 estimated in export price. In general, production showed a drastic downturn. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

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Preservative-Treated Rough Wood Exports

Exports from Latvia

After two years of decline, overseas shipments of preservative-treated rough wood increased by X% to X cubic meters in 2022. Overall, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports attained the peak figure at X cubic meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, preservative-treated rough wood exports surged to $X in 2022. In general, exports saw a buoyant increase. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Estonia (X cubic meters), Sweden (X cubic meters) and Poland (X cubic meters) were the main destinations of preservative-treated rough wood exports from Latvia, together accounting for 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 Poland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X), Sweden ($X) and Poland ($X) were the largest markets for preservative-treated rough wood exported from Latvia worldwide, together comprising X% of total exports.

Among the main countries of destination, Poland, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average preservative-treated rough wood export price amounted to $X per cubic meter, picking up by X% against the previous year. Over the period under review, the export price, however, recorded a mild decrease. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. As a result, the export price attained the peak level of $X per cubic meter. From 2021 to 2022, the average export prices remained at a lower figure.

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 ($X per cubic meter), while the average price for exports to Sweden ($X per cubic meter) was amongst the lowest.

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

Preservative-Treated Rough Wood Imports

Imports into Latvia

After two years of decline, supplies from abroad of preservative-treated rough wood increased by X% to X cubic meters in 2022. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked at X cubic meters in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, preservative-treated rough wood imports shrank to $X in 2022. Over the period under review, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Lithuania (X cubic meters) constituted the largest supplier of preservative-treated rough wood to Latvia, accounting for a X% share of total imports. Moreover, preservative-treated rough wood imports from Lithuania exceeded the figures recorded by the second-largest supplier, Estonia (X cubic meters), fivefold.

From 2012 to 2022, the average annual growth rate of volume from Lithuania stood at X%.

In value terms, Lithuania ($X) constituted the largest supplier of preservative-treated rough wood to Latvia, comprising X% of total imports. The second position in the ranking was held by Estonia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Lithuania totaled X%.

Import Prices by Country

The average preservative-treated rough wood import price stood at $X per cubic meter in 2022, reducing by X% against the previous year. Over the period under review, the import price showed a noticeable decline. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per cubic meter in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Estonia ($X per cubic meter), while the price for Lithuania amounted to $X per cubic meter.

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

Source: IndexBox Platform

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