Latvia - Wood Chips, Parts, Residues, Pellets And Other Agglomerates - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Wood Chips, Parts, Residues, Pellets and Other Agglomerates in Latvia - 2023
Contents:
- Price for Wood Chips, Parts, Residues, Pellets and Other Agglomerates in Latvia (FOB) - 2023
- Price for Wood Chips, Parts, Residues, Pellets and Other Agglomerates in Latvia (CIF) - 2023
- Exports of Wood Chips, Parts, Residues, Pellets and Other Agglomerates in Latvia
- Imports of Wood Chips, Parts, Residues, Pellets and Other Agglomerates in Latvia
Price for Wood Chips, Parts, Residues, Pellets and Other Agglomerates in Latvia (FOB) - 2023
The average export price for wood chips, parts, residues, pellets and other agglomerates stood at $67.8 per cubic meter in January 2023, which is down by -4.8% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 10% against the previous month. As a result, the export price reached the peak level of $71.3 per cubic meter, and then dropped in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Denmark ($113 per cubic meter), while the average price for exports to Finland ($24.5 per cubic meter) was amongst the lowest.
From September 2022 to January 2023, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Wood Chips, Parts, Residues, Pellets and Other Agglomerates in Latvia (CIF) - 2023
In January 2023, the average import price for wood chips, parts, residues, pellets and other agglomerates amounted to $139 per cubic meter, with an increase of 40% against the previous month. Overall, the import price, however, continues to indicate a slight descent. Over the period under review, average import prices reached the maximum at $147 per cubic meter in September 2022; however, from October 2022 to January 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2023, the country with the highest price was Lithuania ($469 per cubic meter), while the price for Estonia amounted to $33.0 per cubic meter.
From September 2022 to January 2023, the most notable rate of growth in terms of prices was attained by the UK (0.0%), while the prices for the other major suppliers experienced a decline.
Exports of Wood Chips, Parts, Residues, Pellets and Other Agglomerates in Latvia
In 2022, overseas shipments of wood chips, parts, residues, pellets and other agglomerates decreased by -5.7% to 9.3M cubic meters for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +3.4% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 16% against the previous year. As a result, the exports attained the peak of 9.9M cubic meters, and then reduced in the following year.
In value terms, exports of wood chips, parts, residues, pellets and other agglomerates expanded modestly to $551M in 2022. The total export value increased at an average annual rate of +5.7% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 11% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Wood Chips, Parts, Residues, Pellets and Other Agglomerates in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 33.6 | 52.5 | 250 | 207 | 83.3% |
| Denmark | 117 | 111 | 127 | 122 | 1.4% |
| Sweden | 63.2 | 46.5 | 46.1 | 71.5 | 4.2% |
| Lithuania | 11.6 | 10.9 | 16.6 | 37.3 | 47.6% |
| Italy | 17.1 | 17.3 | 19.2 | 34.4 | 26.2% |
| Finland | 27.0 | 20.9 | 25.0 | 27.7 | 0.9% |
| Estonia | 170 | 201 | 11.5 | 15.0 | -55.5% |
| Others | 26.7 | 24.4 | 41.3 | 36.6 | 11.1% |
| Total | 467 | 485 | 536 | 551 | 5.7% |
Top Export Markets for Wood Chips, Parts, Residues, Pellets and Other Agglomerates from Latvia in 2022:
- Sweden (936.0M cubic meters)
- United Kingdom (906.5M cubic meters)
- Denmark (896.4M cubic meters)
- Lithuania (646.2M cubic meters)
- Finland (389.3M cubic meters)
- Italy (210.3M cubic meters)
- Estonia (94.8M cubic meters)
Imports of Wood Chips, Parts, Residues, Pellets and Other Agglomerates in Latvia
In 2022, supplies from abroad of wood chips, parts, residues, pellets and other agglomerates decreased by -84% to 761K cubic meters, falling for the second consecutive year after two years of growth. Overall, imports saw a sharp curtailment. The pace of growth was the most pronounced in 2020 with an increase of 20%. As a result, imports attained the peak of 6M cubic meters. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of wood chips, parts, residues, pellets and other agglomerates declined to $82M in 2022. The total import value increased at an average annual rate of +1.8% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 21% against the previous year. As a result, imports attained the peak of $94M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Wood Chips, Parts, Residues, Pellets and Other Agglomerates in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 6.9 | 11.0 | 28.0 | 45.0 | 86.8% |
| Belarus | 53.8 | 62.6 | 45.5 | 15.1 | -34.5% |
| Russia | 9.8 | 9.2 | 8.5 | 9.4 | -1.4% |
| Estonia | 4.7 | 4.3 | 3.1 | 7.4 | 16.3% |
| Sweden | N/A | 0.1 | 0.3 | 0.5 | 123.6% |
| Norway | 1.0 | 2.8 | 2.9 | N/A | 70.3% |
| Others | 1.2 | 3.5 | 4.9 | 4.3 | 53.0% |
| Total | 77.5 | 93.5 | 93.2 | 81.6 | 1.7% |
Top Suppliers of Wood Chips, Parts, Residues, Pellets and Other Agglomerates to Latvia in 2022:
- Lithuania (657.7M cubic meters)
- Belarus (499.2M cubic meters)
- Estonia (168.9M cubic meters)
- Russia (154.5M cubic meters)
- Sweden (23.7M cubic meters)
This report provides an in-depth analysis of the market for wood chips, parts, residues, pellets and other agglomerates 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:
- FCL 1619 - Wood chips and particles
- FCL 1693 - Wood pellets
- FCL 1694 - Other agglomerates
- FCL 1620 - Wood residues
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:
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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