Latvia: Fibreboard Market 2024

Fibreboard Market Size in Latvia

The Latvian fibreboard market surged to $X in 2022, with an increase of X% against the previous year. In general, consumption saw a resilient expansion. Fibreboard consumption peaked in 2022 and is likely to continue growth in the immediate term.

Fibreboard Production in Latvia

In value terms, fibreboard production expanded sharply to $X in 2022 estimated in export price. Overall, the total production indicated buoyant growth 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Fibreboard Exports

Exports from Latvia

After two years of growth, overseas shipments of fibreboard decreased by X% to X cubic meters in 2022. Over the period under review, exports, however, showed significant growth. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of X cubic meters, and then shrank slightly in the following year.

In value terms, fibreboard exports rose notably to $X in 2022. Overall, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The UK (X cubic meters) was the main destination for fibreboard exports from Latvia, accounting for a X% share of total exports. Moreover, fibreboard exports to the UK exceeded the volume sent to the second major destination, Spain (X cubic meters), threefold. The third position in this ranking was held by South Africa (X cubic meters), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to the UK amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and South Africa (X% per year).

In value terms, the UK ($X) remains the key foreign market for fibreboard exports from Latvia, comprising X% of total exports. The second position in the ranking was taken by Spain ($X), with a X% share of total exports. It was followed by Lithuania, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Lithuania (X% per year).

Export Prices by Country

In 2022, the average fibreboard export price amounted to $X per cubic meter, with an increase of X% against the previous year. In general, the export price, however, continues to indicate a abrupt curtailment. The export price peaked at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per cubic meter), while the average price for exports to the UK ($X per cubic meter) was amongst the lowest.

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

Fibreboard Imports

Imports into Latvia

In 2022, supplies from abroad of fibreboard decreased by X% to X cubic meters for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X cubic meters, and then fell modestly in the following year.

In value terms, fibreboard imports rose rapidly to $X in 2022. In general, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Poland (X cubic meters), Belarus (X cubic meters) and Lithuania (X cubic meters) were the main suppliers of fibreboard imports to Latvia, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belarus (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constituted the largest supplier of fibreboard to Latvia, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by Belarus, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Belarus (X% per year).

Import Prices by Country

In 2022, the average fibreboard import price amounted to $X per cubic meter, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per cubic meter), while the price for Estonia ($X per cubic meter) was amongst the lowest.

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

Source: IndexBox Platform