Latvia: Wire And Cable Market 2020

Wire And Cable Market Size in Latvia

The revenue of the wire and cable market in Latvia amounted to $X in 2018, declining by -X% against the previous year. In general, wire and cable consumption continues to indicate a deep setback. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, the wire and cable market attained its peak figure level at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Wire And Cable Production in Latvia

In value terms, wire and cable production totaled $X in 2018 estimated in export prices. Overall, wire and cable production, however, continues to indicate a sharp shrinkage. The growth pace was the most rapid in 2008 when production volume increased by X% against the previous year. In that year, wire and cable production attained its peak level of $X. From 2009 to 2018, wire and cable production growth remained at a lower figure.

Wire And Cable Exports

Exports from Latvia

In 2018, approx. X tons of insulated wire and cable were exported from Latvia; reducing by -X% against the previous year. Over the period under review, wire and cable exports, however, continue to indicate a conspicuous increase. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, wire and cable exports reached their maximum at X tons in 2016; however, from 2017 to 2018, exports failed to regain their momentum.

In value terms, wire and cable exports totaled $X in 2018. Overall, wire and cable exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Over the period under review, wire and cable exports attained their maximum at $X in 2008; however, from 2009 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, China (X tons) was the major exporter of insulated wire and cable, committing X% of total exports. Mexico (X tons) ranks second in terms of the total exports with a X% share, followed by Germany (X%) and the U.S. (X%). The following exporters - Italy (X tons), Turkey (X tons), Romania (X tons), the Czech Republic (X tons), Spain (X tons), South Korea (X tons), Poland (X tons) and China, Hong Kong SAR (X tons) - together made up X% of total exports.

From 2007 to 2018, average annual rates of growth with regard to wire and cable exports from China stood at +X%. At the same time, Romania (+X%), Turkey (+X%), the Czech Republic (+X%), Spain (+X%), Mexico (+X%) and South Korea (+X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Italy, Germany and the U.S. experienced a relatively flat trend pattern. By contrast, Poland (-X%) and China, Hong Kong SAR (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.) and Romania (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Mexico ($X) and Germany ($X) were the countries with the highest levels of exports in 2018, with a combined X% share of total exports.

In terms of the main exporting countries, China recorded the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The wire and cable export price in Latvia stood at $X per ton in 2018, rising by X% against the previous year. In general, the wire and cable export price, however, continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. Latvia export price peaked at $X per ton in 2008; however, from 2009 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was China, Hong Kong SAR ($X per ton), while Turkey ($X per ton) was amongst the lowest.

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

Wire And Cable Imports

Imports into Latvia

In 2018, the imports of insulated wire and cable into Latvia stood at X tons, waning by -X% against the previous year. Overall, wire and cable imports continue to indicate a slight drop. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, wire and cable imports reached their maximum at X tons in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, wire and cable imports stood at $X in 2018. In general, wire and cable imports continue to indicate a temperate slump. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Latvia imports peaked at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

Imports by Country

The U.S. (X tons) and Germany (X tons) were the key importers of insulated wire and cable in 2018, accounting for approx. X% and X% of total imports, respectively. Mexico (X tons) ranks next in terms of the total imports with a X% share, followed by the UK (X%). France (X tons), Japan (X tons), China, Hong Kong SAR (X tons), China (X tons), the Czech Republic (X tons), Canada (X tons), Taiwan, Chinese (X tons) and Spain (X tons) occupied a little share of total imports.

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

In value terms, the U.S. ($X), Germany ($X) and Japan ($X) were the countries with the highest levels of imports in 2018, with a combined X% share of total imports. Mexico, the UK, France, China, China, Hong Kong SAR, Canada, Spain, the Czech Republic, Taiwan, Chinese and Latvia lagged somewhat behind, together accounting for a further X the main importing countries, the Czech Republic recorded the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the wire and cable import price in Latvia amounted to $X per ton, going up by X% against the previous year. Over the period under review, the wire and cable import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the import price increased by X% year-to-year. In that year, the import prices for insulated wire and cable attained their peak level of $X per ton. From 2011 to 2018, the growth in terms of the import prices for insulated wire and cable remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per ton), while Taiwan, Chinese ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform