Report Update Feb 1, 2025

Latvia - Ferro-Silico-Manganese - Market Analysis, Forecast, Size, Trends and Insights

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Latvia: Ferro-Silico-Manganese Market 2025

Ferro-Silico-Manganese Market Size in Latvia

The Latvian ferro-silico-manganese market was estimated at $X in 2022, growing by 2.5% against the previous year. Overall, consumption continues to indicate a deep contraction. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Ferro-Silico-Manganese Production in Latvia

In value terms, ferro-silico-manganese production dropped significantly to $X in 2022 estimated in export price. Overall, production, however, recorded a significant contraction. Ferro-silico-manganese production peaked at $X in 2021, and then declined notably in the following year.

Ferro-Silico-Manganese Exports

Exports from Latvia

For the third consecutive year, Latvia recorded growth in shipments abroad of ferro-silico-manganese, which increased by 14% to X tons in 2022. Overall, exports, however, continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of 15%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, ferro-silico-manganese exports rose remarkably to $X in 2022. In general, exports, however, showed a noticeable descent. The most prominent rate of growth was recorded in 2021 with an increase of 57% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden (X tons) and Finland (X tons) were the main destinations of ferro-silico-manganese exports from Latvia.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +4.6%).

In value terms, the largest markets for ferro-silico-manganese exported from Latvia were Sweden ($X) and Finland ($X).

Finland, with a CAGR of +7.3%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average ferro-silico-manganese export price stood at $X per ton in 2022, with a decrease of -2.3% against the previous year. In general, the export price, however, saw a modest increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 36%. As a result, the export price reached the peak level of $X per ton, and then dropped in the following year.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Sweden stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.

Ferro-Silico-Manganese Imports

Imports into Latvia

In 2022, overseas purchases of ferro-silico-manganese decreased by -76% to X tons, falling for the fourth consecutive year after three years of growth. In general, imports continue to indicate a sharp shrinkage. The pace of growth appeared the most rapid in 2016 when imports increased by 128% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, ferro-silico-manganese imports plummeted to $X in 2022. Overall, imports faced a dramatic curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 202% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Ukraine (X tons) was the main supplier of ferro-silico-manganese to Latvia, accounting for a 91% share of total imports. Moreover, ferro-silico-manganese imports from Ukraine exceeded the figures recorded by the second-largest supplier, India (X tons), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ukraine totaled -24.3%.

In value terms, Ukraine ($X) constituted the largest supplier of ferro-silico-manganese to Latvia, comprising 92% of total imports. The second position in the ranking was held by India ($X), with a 7.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Ukraine amounted to -21.4%.

Import Prices by Country

In 2022, the average ferro-silico-manganese import price amounted to $X per ton, jumping by 19% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ferro-silico-manganese import price increased by +66.7% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 60% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ukraine ($X per ton), while the price for India totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+3.8%).

Source: IndexBox Platform

This report provides an in-depth analysis of the ferro-silico-manganese market 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 24101245 - Ferro-silico-manganese

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024