Latvia: Nail And Bolt Market 2020

Nail And Bolt Market Size in Latvia

The revenue of the nail and bolt market in Latvia amounted to $X in 2018, therefore, remained relatively stable against the previous year. In general, nail and bolt consumption continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, the nail and bolt market attained its peak figure level at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Nail And Bolt Production in Latvia

In value terms, nail and bolt production amounted to $X in 2018 estimated in export prices. In general, nail and bolt production continues to indicate a strong expansion. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Latvia nail and bolt production peaked in 2018 and is expected to retain its growth in the immediate term.

Nail And Bolt Exports

Exports from Latvia

In 2018, approx. X tons of nails, tacks, staples, screws and bolts were exported from Latvia; jumping by X% against the previous year. Over the period under review, nail and bolt exports, however, continue to indicate a mild slump. The most prominent rate of growth was recorded in 2008 when exports increased by X% y-o-y. In that year, nail and bolt exports reached their peak of X tons. From 2009 to 2018, the growth of nail and bolt exports remained at a lower figure.

In value terms, nail and bolt exports amounted to $X in 2018. In general, nail and bolt exports, however, continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Latvia exports peaked in 2018 and are likely to see steady growth in the near future.

Exports by Country

China represented the key exporting country with an export of around X tons, which finished at X% of total exports. Taiwan, Chinese (X tons) held the second position in the ranking, followed by Germany (X tons), South Korea (X tons) and the U.S. (X tons). All these countries together took approx. X% share of total exports. Italy (X tons), Japan (X tons), India (X tons), Spain (X tons), Vietnam (X tons) and the Netherlands (X tons) followed a long way behind the leaders.

China experienced a relatively flat trend pattern of nails, tacks, staples, screws and bolts exports. At the same time, Vietnam (+X%), South Korea (+X%), India (+X%), Spain (+X%), the Netherlands (+X%), Taiwan, Chinese (+X%), the U.S. (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Italy experienced a relatively flat trend pattern. By contrast, Japan (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of South Korea, Taiwan, Chinese, Germany, the U.S. and Vietnam increased by +X%, +X%, +X%, +X% and +X% percentage points, while China (-X p.p.) and Japan (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest nail and bolt markets from Latvia were Germany ($X), China ($X) and Taiwan, Chinese ($X), with a combined X% share of total exports. These countries were followed by the U.S., Japan, Italy, South Korea, the Netherlands, Spain, India, Vietnam and Latvia, which together accounted for a further X the main exporting countries, Vietnam experienced the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the nail and bolt export price in Latvia amounted to $X per ton, lowering by -X% against the previous year. In general, the nail and bolt export price, however, continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2017 an increase of X% y-o-y. In that year, the export prices for nails, tacks, staples, screws and bolts reached their peak level of $X per ton, and then declined slightly in the following year.

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

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

Nail And Bolt Imports

Imports into Latvia

In 2018, the amount of nails, tacks, staples, screws and bolts imported into Latvia stood at X tons, growing by X% against the previous year. Overall, nail and bolt imports, however, continue to indicate a mild reduction. The pace of growth appeared the most rapid in 2010 when imports increased by X% year-to-year. Latvia imports peaked at X tons in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, nail and bolt imports amounted to $X in 2018. In general, nail and bolt imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when imports increased by X% against the previous year. Over the period under review, nail and bolt imports reached their peak figure in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

In 2018, the U.S. (X tons), distantly followed by Germany (X tons) and Canada (X tons) represented the key importers of nails, tacks, staples, screws and bolts, together comprising X% of total imports. Mexico (X tons), France (X tons), Russia (X tons), the UK (X tons), China (X tons), Japan (X tons), Poland (X tons), Italy (X tons) and India (X tons) followed a long way behind the leaders.

The U.S. experienced a relatively flat trend pattern of nails, tacks, staples, screws and bolts imports. At the same time, India (+X%), China (+X%), Russia (+X%), Canada (+X%), Germany (+X%), Poland (+X%) and Japan (+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. Italy, the UK and France experienced a relatively flat trend pattern. By contrast, Mexico (-X%) illustrated a downward trend over the same period. Germany (+X p.p.), the U.S. (+X p.p.), Canada (+X p.p.) and India (+X p.p.) significantly strengthened its position in terms of the global imports, while Mexico saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X), Germany ($X) and China ($X) were the countries with the highest levels of imports in 2018, with a combined X% share of total imports. These countries were followed by Mexico, France, the UK, Canada, India, Italy, Japan, Poland, Russia and Latvia, which together accounted for a further X recorded the highest rates of growth with regard to imports, among the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the nail and bolt import price in Latvia amounted to $X per ton, growing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2017 when the import price increased by X% against the previous year. Over the period under review, the import prices for nails, tacks, staples, screws and bolts reached their maximum in 2018 and is likely to see steady growth in the near future.

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

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

Source: IndexBox Platform