Latvia: Market for Non-Refractory Clay Constructional Products 2024

Market Size for Non-Refractory Clay Constructional Products in Latvia

In 2022, the Latvian non-refractory clay constructional products market increased by 63% to $X, rising for the third consecutive year after six years of decline. Overall, consumption, however, continues to indicate a mild curtailment. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Non-Refractory Clay Constructional Products in Latvia

In value terms, non-refractory clay constructional products production dropped to $X in 2022 estimated in export price. In general, production faced a abrupt descent. The growth pace was the most rapid in 2013 with an increase of 33%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Non-Refractory Clay Constructional Products

Exports from Latvia

In 2022, the amount of non-refractory clay constructional products exported from Latvia skyrocketed to X tons, jumping by 48% against the previous year's figure. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 790% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-refractory clay constructional products exports surged to $X in 2022. In general, exports recorded significant growth. The pace of growth was the most pronounced in 2014 when exports increased by 424%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.

Exports by Country

Lithuania (X tons) was the main destination for non-refractory clay constructional products exports from Latvia, with a 72% share of total exports. Moreover, non-refractory clay constructional products exports to Lithuania exceeded the volume sent to the second major destination, Estonia (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Lithuania totaled +113.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+45.0% per year) and Russia (-28.0% per year).

In value terms, Lithuania ($X) remains the key foreign market for non-refractory clay constructional products exports from Latvia, comprising 74% of total exports. The second position in the ranking was held by Estonia ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Lithuania amounted to +111.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+42.0% per year) and Russia (-11.9% per year).

Export Prices by Country

The average non-refractory clay constructional products export price stood at $X per ton in 2022, falling by -3.6% against the previous year. Over the period under review, the export price, however, posted prominent growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 274%. The export price peaked at $X per ton in 2021, and then declined modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+22.4%), while the prices for the other major destinations experienced a decline.

Imports of Non-Refractory Clay Constructional Products

Imports into Latvia

In 2022, supplies from abroad of non-refractory clay constructional products increased by 94% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, imports posted a prominent increase. The most prominent rate of growth was recorded in 2014 when imports increased by 100%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, non-refractory clay constructional products imports skyrocketed to $X in 2022. In general, imports recorded prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Poland (X tons), Germany (X tons) and Lithuania (X tons) were the main suppliers of non-refractory clay constructional products imports to Latvia, together accounting for 76% of total imports. Denmark, Luxembourg, Finland and Estonia lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +92.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constituted the largest supplier of non-refractory clay constructional products to Latvia, comprising 49% of total imports. The second position in the ranking was held by Germany ($X), with a 14% share of total imports. It was followed by Lithuania, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland totaled +16.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+61.3% per year) and Lithuania (+37.5% per year).

Import Prices by Country

In 2022, the average non-refractory clay constructional products import price amounted to $X per ton, rising by 10% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 34%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Estonia ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+18.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform