Latvia: Market for Boards, Sheets, Panels, or Tiles of Gypsum or Plaster 2024

Market Size for Boards, Sheets, Panels, or Tiles of Gypsum or Plaster in Latvia

In 2022, the Latvian market for boards, sheets, panels, or tiles of gypsum or plaster decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption showed a noticeable shrinkage. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Boards, Sheets, Panels, or Tiles of Gypsum or Plaster in Latvia

In value terms, production of boards, sheets, panels, or tiles of gypsum or plaster totaled $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X%. Production of peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Boards, Sheets, Panels, or Tiles of Gypsum or Plaster

Exports from Latvia

After two years of growth, overseas shipments of boards, sheets, panels, or tiles of gypsum or plaster decreased by X% to X square meters in 2022. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at X square meters in 2021, and then contracted in the following year.

In value terms, exports of boards, sheets, panels, or tiles of gypsum or plaster skyrocketed to $X in 2022. In general, total exports indicated a prominent increase from 2012 to 2022: its value 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, exports increased by X% against 2015 indices. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Lithuania (X square meters), Estonia (X square meters) and Iceland (X square meters) were the main destinations of exports of boards, sheets, panels, or tiles of gypsum or plaster from Latvia, with a combined X% share of total exports.

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

In value terms, the largest markets for board, sheet, panel, tile and similar article of plaster exported from Latvia were Lithuania ($X), Estonia ($X) and Iceland ($X), together accounting for X% of total exports.

Estonia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 boards, sheets, panels, or tiles of gypsum or plaster stood at $X per square meter in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Poland ($X per square meter) and Iceland ($X per square meter), while the average price for exports to Lithuania ($X per square meter) and Estonia ($X per square meter) were amongst the lowest.

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

Imports of Boards, Sheets, Panels, or Tiles of Gypsum or Plaster

Imports into Latvia

In 2022, after two years of growth, there was significant decline in overseas purchases of boards, sheets, panels, or tiles of gypsum or plaster, when their volume decreased by X% to X square meters. Overall, imports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. Imports peaked at X square meters in 2021, and then contracted markedly in the following year.

In value terms, imports of boards, sheets, panels, or tiles of gypsum or plaster surged to $X in 2022. Over the period under review, imports, however, showed a strong expansion. 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 expected to retain growth in the immediate term.

Imports by Country

Poland (X square meters), Germany (X square meters) and Russia (X square meters) were the main suppliers of imports of boards, sheets, panels, or tiles of gypsum or plaster to Latvia, together comprising X% of total imports. Belarus, Finland and Denmark lagged somewhat behind, together accounting for a further X%.

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, the largest board, sheet, panel, tile and similar article of plaster suppliers to Latvia were Germany ($X), Poland ($X) and Finland ($X), together comprising X% of total imports.

Germany, with a CAGR of X%, saw the highest growth rate of 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 import price for boards, sheets, panels, or tiles of gypsum or plaster stood at $X per square meter in 2022, rising by X% against the previous year. Overall, import price indicated a strong increase 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, import price for boards, sheets, panels, or tiles of gypsum or plaster increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Denmark ($X per square meter), while the price for Belarus ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform