Latvia: Prefabricated Buildings Market 2020

Prefabricated Buildings Market Size in Latvia

The revenue of the prefabricated buildings market in Latvia amounted to $X in 2018, rising by X% against the previous year. Overall, prefabricated buildings consumption continues to indicate a slight deduction. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. In that year, the prefabricated buildings market attained its peak level of $X. From 2014 to 2018, the growth of the prefabricated buildings market remained at a somewhat lower figure.

Prefabricated Buildings Production in Latvia

In value terms, prefabricated buildings production stood at $X in 2018 estimated in export prices. In general, prefabricated buildings production continues to indicate a moderate increase. The most prominent rate of growth was recorded in 2011 when production volume increased by X% against the previous year. Latvia prefabricated buildings production peaked in 2018 and is likely to see steady growth in the immediate term.

Prefabricated Buildings Exports

Exports from Latvia

In 2018, the prefabricated buildings exports from Latvia totaled X units, going up by X% against the previous year. Over the period under review, prefabricated buildings exports continue to indicate outstanding growth. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. Over the period under review, prefabricated buildings exports attained their maximum in 2018 and are likely to see steady growth in the near future.

In value terms, prefabricated buildings exports amounted to $X in 2018. Overall, prefabricated buildings exports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, prefabricated buildings exports reached their peak figure at $X in 2017, and then declined slightly in the following year.

Exports by Country

China represented the major exporting country with an export of around X units, which amounted to X% of total exports. It was distantly followed by Estonia (X units), the Netherlands (X units), the Czech Republic (X units) and Germany (X units), together creating a X% share of total exports. Lithuania (X units), the United Arab Emirates (X units), Spain (X units), Poland (X units), Italy (X units), Panama (X units) and Turkey (X units) held a relatively small share of total exports.

From 2007 to 2018, average annual rates of growth with regard to prefabricated buildings exports from China stood at +X%. At the same time, Estonia (+X%), Panama (+X%), Lithuania (+X%), Poland (+X%), the Czech Republic (+X%), Germany (+X%), the Netherlands (+X%), Italy (+X%), Spain (+X%), Turkey (+X%) and the United Arab Emirates (+X%) displayed positive paces of growth. Moreover, Estonia emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. From 2007 to 2018, the share of China, Estonia, the Czech Republic, the Netherlands, Germany, Lithuania, Poland, Panama, Italy, Spain and Turkey increased by +X%, +X%, +X%, +X%, +X%, +X%, +X%, +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest prefabricated buildings supplier from Latvia, comprising X% of global exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of global exports. It was followed by Estonia, 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: the Netherlands (+X% per year) and Estonia (+X% per year).

Export Prices by Country

The prefabricated buildings export price in Latvia stood at $X per unit in 2018, declining by -X% against the previous year. Overall, the prefabricated buildings export price continues to indicate a precipitous decrease. The pace of growth appeared the most rapid in 2010 when the export price increased by X% y-o-y. In that year, the export prices for prefabricated buildings reached their peak level of $X per unit. From 2011 to 2018, the growth in terms of the export prices for prefabricated buildings failed to regain its momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was the Netherlands ($X per unit), while Panama ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the United Arab Emirates, while the other leaders experienced a decline in the export price figures.

Prefabricated Buildings Imports

Imports into Latvia

In 2018, the imports of prefabricated buildings into Latvia stood at X units, going up by X% against the previous year. Over the period under review, prefabricated buildings imports continue to indicate a skyrocketing increase. The pace of growth appeared the most rapid in 2012 with an increase of X% year-to-year. Latvia imports peaked at X units in 2013; however, from 2014 to 2018, imports remained at a lower figure.

In value terms, prefabricated buildings imports totaled $X in 2018. In general, prefabricated buildings imports continue to indicate a drastic setback. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. Over the period under review, prefabricated buildings imports reached their maximum at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

The imports of the twelve major importers of prefabricated buildings, namely Germany, Norway, France, the U.S., Switzerland, the UK, Sweden, the Netherlands, Austria, Indonesia, Mexico and the Philippines, represented more than half of total import.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Norway (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Norway ($X) and the U.S. ($X) were the countries with the highest levels of imports in 2018, together accounting for X% of total imports. These countries were followed by France, the UK, Sweden, Switzerland, the Netherlands, Indonesia, Mexico, Austria, the Philippines and Latvia, which together accounted for a further X terms of the main importing countries, Indonesia experienced the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The prefabricated buildings import price in Latvia stood at $X per unit in 2018, rising by X% against the previous year. Overall, the prefabricated buildings import price, however, continues to indicate a dramatic setback. The growth pace was the most rapid in 2008 when the import price increased by X% against the previous year. Latvia import price peaked at $X per unit in 2011; however, from 2012 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Indonesia ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform