Latvia: Marble And Travertine Market 2020

Marble And Travertine Market Size in Latvia

The revenue of the marble and travertine market in Latvia amounted to $X in 2018, reducing 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). In general, marble and travertine consumption, however, continues to indicate modest growth. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Latvia marble and travertine consumption peaked at $X in 2010; however, from 2011 to 2018, consumption failed to regain its momentum.

Marble And Travertine Exports

Exports from Latvia

In 2018, approx. X tons of marble and travertine were exported from Latvia; lowering by -X% against the previous year. Over the period under review, marble and travertine exports continue to indicate a drastic descent. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. Over the period under review, marble and travertine exports attained their peak figure at X tons in 2012; however, from 2013 to 2018, exports failed to regain their momentum.

In value terms, marble and travertine exports stood at $X in 2018. Overall, marble and travertine exports continue to indicate a mild downturn. The pace of growth was the most pronounced in 2011 when exports increased by X% year-to-year. Latvia exports peaked at $X in 2012; however, from 2013 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Turkey represented the main exporter of marble and travertine in the world, with the volume of exports recording X tons, which was near X% of total exports in 2018. Italy (X tons) occupied an X% share (based on tons) of total exports, which put it in second place, followed by Egypt (X%), Iran (X%), Portugal (X%) and Spain (X%). Greece (X tons) and India (X tons) occupied a minor share of total exports.

Turkey was also the fastest-growing in terms of the marble and travertine exports, with a CAGR of +X% from 2007 to 2018. At the same time, Portugal (+X%), Egypt (+X%), Greece (+X%), Italy (+X%) and Iran (+X%) displayed positive paces of growth. India and Spain experienced a relatively flat trend pattern. Turkey (+X p.p.), Egypt (+X p.p.), Italy (+X p.p.), Portugal (+X p.p.) and Greece (+X p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest marble and travertine supplier from Latvia, comprising X% of global exports. The second position in the ranking was occupied by Italy ($X), with a X% share of global exports. It was followed by Iran, with a X% share.

In Turkey, marble and travertine exports increased at an average annual rate of +X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (+X% per year) and Iran (+X% per year).

Export Prices by Country

In 2018, the marble and travertine export price in Latvia amounted to $X per ton, rising by X% against the previous year. In general, the export price indicated a resilient increase 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, marble and travertine export price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2018 when the export price increased by X% y-o-y. In that year, the export prices for marble and travertine attained their peak level and is likely to continue its growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per ton), while Egypt ($X per ton) was amongst the lowest.

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

Marble And Travertine Imports

Imports into Latvia

In 2018, the amount of marble and travertine imported into Latvia amounted to X tons, dropping by -X% against the previous year. In general, marble and travertine imports, however, continue to indicate a mild increase. The pace of growth appeared the most rapid in 2014 when imports increased by X% year-to-year. Latvia imports peaked at X tons in 2010; however, from 2011 to 2018, imports remained at a lower figure.

In value terms, marble and travertine imports amounted to $X in 2018. Overall, marble and travertine imports, however, continue to indicate an abrupt descent. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Latvia imports peaked at $X in 2010; however, from 2011 to 2018, imports remained at a lower figure.

Imports by Country

China dominates marble and travertine imports structure, accounting for X tons, which was near X% of total imports in 2018. It was distantly followed by India (X tons), committing a X% share of total imports. Italy (X tons) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to marble and travertine imports into China stood at +X%. At the same time, India (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, Italy (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China and India increased by +X% and +X% percentage points, while Italy (-X p.p.) saw their share reduced.

In value terms, China ($X) constitutes the largest market for imported marble and travertine into Latvia, comprising X% of global imports. The second position in the ranking was occupied by India ($X), with a X% share of global imports. It was followed by Italy, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in China stood at +X%. In the other countries, the average annual rates were as follows: India (+X% per year) and Italy (-X% per year).

Import Prices by Country

In 2018, the marble and travertine import price in Latvia amounted to $X per ton, coming down by -X% against the previous year. Overall, the marble and travertine import price continues to indicate an abrupt shrinkage. The most prominent rate of growth was recorded in 2014 an increase of X% y-o-y. Latvia import price peaked at $X per ton in 2011; however, from 2012 to 2018, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform