Latvia: Market for Granite, Sandstone And Other Building Stone 2019

Market Size for Granite, Sandstone And Other Building Stone in Latvia

The revenue of the market for granite, sandstone and other building stone in Latvia amounted to $X in 2018, going up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption of granite, sandstone and other building stone, however, continues to indicate an abrupt setback. The pace of growth was the most pronounced in 2014 when the market value increased by X% year-to-year. Latvia consumption of granite, sandstone and other building stone peaked at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Exports of Granite, Sandstone And Other Building Stone

Exports from Latvia

In 2018, approx. X tons of granite, sandstone and other building stone were exported from Latvia; picking up by X% against the previous year. In general, exports of granite, sandstone and other building stone continue to indicate resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Latvia exports peaked in 2018 and are likely to continue its growth in the near future.

In value terms, exports of granite, sandstone and other building stone amounted to $X in 2018. Overall, exports of granite, sandstone and other building stone continue to indicate resilient growth. The pace of growth appeared the most rapid in 2012 with an increase of X% year-to-year. Over the period under review, exports of granite, sandstone and other building stone attained their maximum at $X in 2013; however, from 2014 to 2018, exports remained at a lower figure.

Exports by Country

India represented the main exporter of granite, sandstone and other building stone in the world, with the volume of exports resulting at X tons, which was near X% of total exports in 2018. It was distantly followed by Indonesia (X tons), Norway (X tons), Brazil (X tons) and China (X tons), together achieving a X% share of total exports. The following exporters - Sweden (X tons), South Africa (X tons), Portugal (X tons) and Spain (X tons) - together made up X% of total exports.

Exports from India increased at an average annual rate of +X% from 2007 to 2018. At the same time, Sweden (+X%) and South Africa (+X%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, Brazil (-X%), Spain (-X%), China (-X%), Norway (-X%), Indonesia (-X%) and Portugal (-X%) illustrated a downward trend over the same period. While the share of India (+X p.p.) and Sweden (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Portugal (-X p.p.), China (-X p.p.), Norway (-X p.p.) and Indonesia (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest granite, sandstone and other building stone supplier from Latvia, comprising X% of global exports. The second position in the ranking was occupied by Brazil ($X), with a X% share of global exports. It was followed by Norway, with a X% share.

In India, exports of granite, sandstone and other building stone expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Brazil (-X% per year) and Norway (-X% per year).

Export Prices by Country

The export price for granite, sandstone and other building stone in Latvia stood at $X per ton in 2018, dropping by -X% against the previous year. Overall, the export price for granite, sandstone and other building stone, however, continues to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2012 an increase of X% against the previous year. In that year, the export prices for granite, sandstone and other building stone reached their peak level of $X per ton. From 2013 to 2018, the growth in terms of the export prices for granite, sandstone and other building stone failed to regain its momentum.

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

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

Imports of Granite, Sandstone And Other Building Stone

Imports into Latvia

In 2018, the amount of granite, sandstone and other building stone imported into Latvia stood at X tons, growing by X% against the previous year. Over the period under review, imports of granite, sandstone and other building stone, however, continue to indicate a drastic contraction. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Latvia imports peaked at X tons in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, imports of granite, sandstone and other building stone stood at $X in 2018. Over the period under review, imports of granite, sandstone and other building stone, however, continue to indicate a deep shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports of granite, sandstone and other building stone attained their maximum at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

China dominates imports of granite, sandstone and other building stone structure, recording X tons, which was approx. X% of total imports in 2018. It was distantly followed by the UK (X tons), making up a X% share of total imports. The following importers - Taiwan, Chinese (X tons), Spain (X tons), Germany (X tons), Bangladesh (X tons), Italy (X tons), France (X tons), the U.S. (X tons), Belgium (X tons), Switzerland (X tons) and Poland (X tons) - together made up X% of total imports.

Imports into China increased at an average annual rate of +X% from 2007 to 2018. At the same time, Bangladesh (+X%), the UK (+X%) and Switzerland (+X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, France (-X%), Poland (-X%), the U.S. (-X%), Belgium (-X%), Germany (-X%), Spain (-X%), Taiwan, Chinese (-X%) and Italy (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.), Bangladesh (+X p.p.) and the UK (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of Italy (-X p.p.) and Taiwan, Chinese (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported granite, sandstone and other building stone into Latvia, comprising X% of global imports. The second position in the ranking was occupied by the UK ($X), with a X% share of global imports. It was followed by Spain, with a X% share.

In China, imports of granite, sandstone and other building stone expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: the UK (+X% per year) and Spain (-X% per year).

Import Prices by Country

In 2018, the import price for granite, sandstone and other building stone in Latvia amounted to $X per ton, rising by X% against the previous year. Overall, the import price indicated resilient growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, import price for granite, sandstone and other building stone increased by +X% against 2013 indices. The pace of growth appeared the most rapid in 2008 when the import price increased by X% against the previous year. Over the period under review, the import prices for granite, sandstone and other building stone attained their maximum 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 ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform