Latvia: Explosives Market 2020

Explosives Market Size in Latvia

The revenue of the explosives market in Latvia amounted to $X in 2018, standing approx. at 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). Over the period under review, explosives consumption, however, continues to indicate an abrupt decrease. The growth pace was the most rapid in 2012 with an increase of X% year-to-year. Latvia explosives consumption peaked at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Explosives Exports

Exports from Latvia

In 2018, the amount of prepared explosives exported from Latvia amounted to X kg, increasing by X% against the previous year. Overall, explosives exports, however, continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. In that year, explosives exports reached their peak of X kg. From 2015 to 2018, the growth of explosives exports remained at a somewhat lower figure.

In value terms, explosives exports totaled $X in 2018. Overall, explosives exports, however, continue to indicate a slight decline. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. Over the period under review, explosives exports reached their maximum at $X in 2014; however, from 2015 to 2018, exports stood at a somewhat lower figure.

Exports by Country

The U.S. (X tons) and Russia (X tons) represented the largest exporters of prepared explosives in 2018, amounting to approx. X% and X% of total exports, respectively. South Africa (X tons) took a X% share (based on tons) of total exports, which put it in second place, followed by Poland (X%). The following exporters - India (X tons), Spain (X tons), Germany (X tons), Mexico (X tons), Sweden (X tons), Turkey (X tons), Costa Rica (X tons) and France (X tons) - together made up X% of total exports.

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

In value terms, the U.S. ($X) remains the largest explosives supplier from Latvia, comprising X% of global exports. The second position in the ranking was occupied by Germany ($X), with a X% share of global exports. It was followed by South Africa, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in the U.S. was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-X% per year) and South Africa (+X% per year).

Export Prices by Country

In 2018, the explosives export price in Latvia amounted to $X per ton, increasing 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 was the most pronounced in 2018 an increase of X% against the previous year. In that year, the export prices for prepared explosives attained their peak level and is likely to continue its growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was the U.S. ($X per ton), while Russia ($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.

Explosives Imports

Imports into Latvia

Explosives imports into Latvia stood at X tons in 2018, picking up by X% against the previous year. Over the period under review, explosives imports, however, continue to indicate an abrupt slump. The most prominent rate of growth was recorded in 2017 when imports increased by X% y-o-y. Over the period under review, explosives imports attained their maximum at X tons in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, explosives imports stood at $X in 2018. In general, explosives imports, however, continue to indicate a drastic descent. The growth pace was the most rapid in 2012 with an increase of X% against the previous year. Over the period under review, explosives imports attained their peak figure at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, Canada (X tons), distantly followed by Finland (X tons), the U.S. (X tons) and Norway (X tons) represented the largest importers of prepared explosives, together committing X% of total imports. Zimbabwe (X tons), Kazakhstan (X tons), Germany (X tons), Sweden (X tons), Mexico (X tons), Panama (X tons), Ethiopia (X tons) and France (X tons) occupied a minor share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Finland, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Canada ($X) and Mexico ($X) appeared to be the countries with the highest levels of imports in 2018, with a combined X% share of total imports. These countries were followed by Norway, France, Sweden, Finland, Zimbabwe, Kazakhstan, Germany, Panama, Ethiopia and Latvia, which together accounted for a further X experienced the highest rates of growth with regard to imports, in terms of 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 explosives import price in Latvia amounted to $X per ton, dropping by -X% against the previous year. In general, the import price indicated a moderate increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, explosives import price decreased by -X% against 2012 indices. The most prominent rate of growth was recorded in 2008 when the import price increased by X% against the previous year. Latvia import price peaked at $X per ton in 2012; however, from 2013 to 2018, import prices failed to regain their momentum.

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

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

Source: IndexBox Platform