Latvia: Bridge Market 2020

Bridge Market Size in Latvia

The revenue of the bridge market in Latvia amounted to $X in 2018, going up by X% against the previous year. Overall, bridge consumption continues to indicate a skyrocketing increase. The pace of growth appeared the most rapid in 2016 when the market value increased by X% against the previous year. Latvia bridge consumption peaked in 2018 and is expected to retain its growth in the immediate term.

Bridge Production in Latvia

In value terms, bridge production amounted to $X in 2018 estimated in export prices. In general, bridge production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, bridge production attained its peak figure level at $X in 2013; however, from 2014 to 2018, production stood at a somewhat lower figure.

Bridge Exports

Exports from Latvia

In 2018, approx. X tons of bridges, bridge sections, towers and lattice masts (of iron or steel) were exported from Latvia; lowering by -X% against the previous year. Overall, bridge exports continue to indicate a drastic drop. The pace of growth appeared the most rapid in 2017 when exports increased by X% y-o-y. Latvia exports peaked at X tons in 2008; however, from 2009 to 2018, exports stood at a somewhat lower figure.

In value terms, bridge exports amounted to $X in 2018. Over the period under review, bridge exports continue to indicate an abrupt deduction. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, bridge exports attained their maximum at $X in 2008; however, from 2009 to 2018, exports failed to regain their momentum.

Exports by Country

In 2018, China (X tons), distantly followed by Denmark (X tons), Turkey (X tons), India (X tons) and Germany (X tons) were the largest exporters of bridges, bridge sections, towers and lattice masts (of iron or steel), together mixing up X% of total exports. The following exporters - Spain (X tons), the United Arab Emirates (X tons), Vietnam (X tons), Indonesia (X tons), Portugal (X tons), Italy (X tons) and Bahrain (X tons) - together made up X% of total exports.

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

In value terms, China ($X), Denmark ($X) and Turkey ($X) were the countries with the highest levels of exports in 2018, with a combined X% share of total exports. Spain, Germany, Vietnam, India, Italy, the United Arab Emirates, Portugal, Indonesia, Bahrain and Latvia lagged somewhat behind, together accounting for a further X recorded the highest growth rate of exports, among the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the bridge export price in Latvia amounted to $X per ton, growing by X% against the previous year. Overall, the bridge export price continues to indicate a remarkable expansion. The pace of growth appeared the most rapid in 2018 when the export price increased by X% y-o-y. In that year, the export prices for bridges, bridge sections, towers and lattice masts (of iron or steel) reached their peak level and is likely to continue its growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Spain ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced a decline in the export price figures.

Bridge Imports

Imports into Latvia

Bridge imports into Latvia amounted to X tons in 2018, increasing by X% against the previous year. Overall, bridge imports continue to indicate remarkable growth. The pace of growth appeared the most rapid in 2011 when imports increased by X% against the previous year. Over the period under review, bridge imports attained their peak figure in 2018 and are expected to retain its growth in the immediate term.

In value terms, bridge imports totaled $X in 2018. Over the period under review, the total imports indicated a modest expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. In that year, bridge imports reached their peak of $X. From 2013 to 2018, the growth of bridge imports failed to regain its momentum.

Imports by Country

The U.S. (X tons), Germany (X tons), the UK (X tons), Kuwait (X tons), Iraq (X tons), France (X tons), Canada (X tons), Australia (X tons), Saudi Arabia (X tons), Sweden (X tons), Oman (X tons) and the Philippines (X tons) represented roughly X% of total imports of bridges, bridge sections, towers and lattice masts (of iron or steel) in 2018.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Kuwait, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), the UK ($X) and Germany ($X) were the countries with the highest levels of imports in 2018, together accounting for X% of total imports. France, Iraq, Canada, Sweden, Saudi Arabia, Australia, Kuwait, the Philippines, Oman and Latvia lagged somewhat behind, together accounting for a further X recorded the highest rates of growth with regard to imports, in terms of the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The bridge import price in Latvia stood at $X per ton in 2018, approximately reflecting the previous year. In general, the bridge import price, however, continues to indicate an abrupt downturn. The growth pace was the most rapid in 2008 an increase of X% y-o-y. Latvia import price peaked at $X per ton in 2010; however, from 2011 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was the UK ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform