Latvia: Market for Limestone Flux, Limestone And Calcareous Stone 2024

Market Size for Limestone Flux, Limestone And Calcareous Stone in Latvia

The Latvian limestone flux and limestone market dropped to $X in 2022, shrinking by -7% against the previous year. In general, consumption saw a abrupt setback. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Limestone Flux, Limestone And Calcareous Stone in Latvia

In value terms, limestone flux and limestone production fell to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt contraction. The most prominent rate of growth was recorded in 2019 when the production volume increased by 50% against the previous year. Limestone flux and limestone production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Limestone Flux, Limestone And Calcareous Stone

Exports from Latvia

In 2022, the amount of limestone flux, limestone and calcareous stone exported from Latvia soared to X tons, rising by 341% compared with the previous year's figure. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 1,627%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, limestone flux and limestone exports soared to $X in 2022. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2014 with an increase of 1,039%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Lithuania (X tons) was the main destination for limestone flux and limestone exports from Latvia, with a 99% share of total exports. It was followed by Belarus (X tons), with a 1% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of volume to Lithuania stood at +159.0%.

In value terms, Lithuania ($X) remains the key foreign market for limestone flux, limestone and calcareous stone exports from Latvia, comprising 96% of total exports. The second position in the ranking was taken by Belarus ($X), with a 3.3% share of total exports.

From 2013 to 2022, the average annual growth rate of value to Lithuania totaled +114.6%.

Export Prices by Country

The average limestone flux and limestone export price stood at $X per ton in 2022, increasing by 26% against the previous year. Over the period under review, the export price, however, showed a deep setback. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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 Belarus ($X per ton), while the average price for exports to Lithuania amounted to $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+2.6%).

Imports of Limestone Flux, Limestone And Calcareous Stone

Imports into Latvia

In 2022, limestone flux and limestone imports into Latvia skyrocketed to X tons, picking up by 33% compared with the previous year. The total import volume increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, limestone flux and limestone imports soared to $X in 2022. Overall, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.5% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Denmark (X tons) constituted the largest supplier of limestone flux and limestone to Latvia, with a 81% share of total imports. Moreover, limestone flux and limestone imports from Denmark exceeded the figures recorded by the second-largest supplier, Estonia (X tons), eightfold. The third position in this ranking was held by Lithuania (X tons), with a 6.7% share.

From 2012 to 2022, the average annual growth rate of volume from Denmark totaled +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (+4.4% per year) and Lithuania (+40.6% per year).

In value terms, Denmark ($X) constituted the largest supplier of limestone flux, limestone and calcareous stone to Latvia, comprising 70% of total imports. The second position in the ranking was held by Lithuania ($X), with a 13% share of total imports. It was followed by Estonia, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Denmark totaled +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+39.3% per year) and Estonia (+5.0% per year).

Import Prices by Country

The average limestone flux and limestone import price stood at $X per ton in 2022, rising by 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The pace of growth appeared the most rapid in 2017 an increase of 21% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform