Report Update Nov 1, 2024

Latvia - Crude Marble and Travertine - Market Analysis, Forecast, Size, Trends and Insights

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Latvia: Market for Marble And Travertine 2024

Market Size for Marble And Travertine in Latvia

The Latvian marble and travertine crude market was estimated at $X in 2022, flattening at the previous year. Over the period under review, consumption saw a buoyant expansion. The pace of growth was the most pronounced in 2021 with a decrease of 99.9%. Marble and travertine crude consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Marble And Travertine in Latvia

In value terms, marble and travertine crude production soared to $X in 2022 estimated in export price. In general, production, however, showed a abrupt curtailment. Marble and travertine crude production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Marble And Travertine

Exports from Latvia

Marble and travertine crude exports from Latvia stood at X kg in 2022, approximately reflecting 2021. In general, exports saw a sharp shrinkage. The smallest decline of 99.9% was in 2021. Over the period under review, the crude exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, marble and travertine crude exports stood at $X in 2022. Over the period under review, exports continue to indicate a precipitous curtailment. The smallest decline of 99.9% was in 2021. Over the period under review, the crude exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X kg) was the main destination for marble and travertine crude exports from Latvia, accounting for a approx. 100% share of total exports.

From 2016 to 2022, the average annual rate of growth in terms of volume to Italy amounted to -28.9%.

From 2016 to 2022, the average annual growth rate of value to Italy amounted to -22.0%.

Export Prices by Country

In 2022, the average marble and travertine crude export price amounted to $X per ton, approximately mirroring the previous year. Overall, the export price showed significant growth. The most prominent rate of growth was recorded in 2021 a decrease of 99.9% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Italy stood at $X per ton.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+83.8%).

Imports of Marble And Travertine

Imports into Latvia

In 2018, purchases abroad of marble and travertine decreased by -89.1% to X tons, falling for the fourth consecutive year after two years of decline. Over the period under review, imports, however, recorded a significant expansion. The smallest decline of -18.1% was in 2016. Imports peaked at X tons in 2014; however, from 2015 to 2018, imports remained at a lower figure.

In value terms, marble and travertine crude imports reduced remarkably to $X in 2018. In general, imports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2017 when imports increased by 33%. Over the period under review, crude imports reached the peak figure at $X in 2014; however, from 2015 to 2018, imports failed to regain momentum.

Imports by Country

In 2018, Russia (X tons) was the main supplier of marble and travertine crude to Latvia, accounting for a approx. 100% share of total imports.

From 2012 to 2018, the average annual rate of growth in terms of volume from Russia was relatively modest.

In value terms, Russia ($X) constituted the largest supplier of marble and travertine to Latvia.

From 2012 to 2018, the average annual growth rate of value from Russia was relatively modest.

Import Prices by Country

In 2018, the average marble and travertine crude import price amounted to $X per ton, reducing by -94.7% against the previous year. Overall, the import price recorded a sharp reduction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 157%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2018, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Russia.

From 2012 to 2018, the rate of growth in terms of prices for Italy amounted to +22.1% per year.

Source: IndexBox Platform

This report provides an in-depth analysis of the market for marble and travertine crude 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:

Prodcom 08111133 - Marble and travertine, crude or roughly trimmed

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023