Latvia: Oriented Strandboard (Osb) Market 2025

Oriented Strandboard (Osb) Market Size in Latvia

In 2022, the Latvian oriented strandboard (OSB) market increased by 13% to $X, rising for the fourth year in a row after two years of decline. Over the period under review, consumption posted resilient growth. Oriented strandboard (OSB) consumption peaked in 2022 and is likely to see steady growth in years to come.

Oriented Strandboard (Osb) Production in Latvia

In value terms, oriented strandboard (OSB) production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 34%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Oriented Strandboard (Osb) Exports

Exports from Latvia

Oriented strandboard (OSB) exports from Latvia declined to X cubic meters in 2022, dropping by -3.2% on the previous year's figure. The total export volume increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when exports increased by 19% against the previous year. The exports peaked at X cubic meters in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, oriented strandboard (OSB) exports fell dramatically to $X in 2022. Over the period under review, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by 82%. As a result, the exports attained the peak of $X, and then shrank significantly in the following year.

Exports by Country

The United States (X cubic meters) was the main destination for oriented strandboard (OSB) exports from Latvia, accounting for a 54% share of total exports. Moreover, oriented strandboard (OSB) exports to the United States exceeded the volume sent to the second major destination, the UK (X cubic meters), fivefold. The third position in this ranking was taken by Sweden (X cubic meters), with a 7.6% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +318.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+4.0% per year) and Sweden (+1.0% per year).

In value terms, the United States ($X) remains the key foreign market for oriented strandboard (OSB) exports from Latvia, comprising 53% of total exports. The second position in the ranking was held by the UK ($X), with a 10% share of total exports. It was followed by Sweden, with an 8% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +367.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+9.1% per year) and Sweden (+4.8% per year).

Export Prices by Country

The average oriented strandboard (OSB) export price stood at $X per cubic meter in 2022, dropping by -14.9% against the previous year. Over the period under review, the export price, however, enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 108%. As a result, the export price reached the peak level of $X per cubic meter, and then reduced in the following year.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per cubic meter), while the average price for exports to Poland ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Oriented Strandboard (Osb) Imports

Imports into Latvia

Oriented strandboard (OSB) imports into Latvia reached X cubic meters in 2022, increasing by 7.6% compared with 2021 figures. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 408%. Imports peaked at X cubic meters in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, oriented strandboard (OSB) imports plummeted to $X in 2022. Over the period under review, imports saw a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 293% against the previous year. Imports peaked at $X in 2021, and then dropped sharply in the following year.

Imports by Country

In 2022, Belarus (X cubic meters) constituted the largest supplier of oriented strandboard (OSB) to Latvia, accounting for a 67% share of total imports. Moreover, oriented strandboard (OSB) imports from Belarus exceeded the figures recorded by the second-largest supplier, Russia (X cubic meters), fivefold. Poland (X cubic meters) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belarus amounted to +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+219.7% per year) and Poland (+4.1% per year).

In value terms, Belarus ($X) constituted the largest supplier of oriented strandboard (OSB) to Latvia, comprising 58% of total imports. The second position in the ranking was taken by Poland ($X), with an 18% share of total imports. It was followed by Russia, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belarus totaled +23.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+8.9% per year) and Russia (+226.3% per year).

Import Prices by Country

In 2022, the average oriented strandboard (OSB) import price amounted to $X per cubic meter, shrinking by -22.6% against the previous year. Overall, the import price, however, continues to indicate a modest increase. The pace of growth was the most pronounced in 2021 an increase of 108%. As a result, import price attained the peak level of $X per cubic meter, and then declined significantly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, the country with the highest price was Romania ($X per cubic meter), while the price for Belarus ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform