Report Update Nov 1, 2024

Latvia - Quartz Crystal (Natural) - Market Analysis, Forecast, Size, Trends and Insights

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Latvia: Natural Quartz Crystal Market 2024

Natural Quartz Crystal Market Size in Latvia

After four years of decline, the Latvian natural quartz crystal market increased by 41% to $X in 2022. Overall, consumption continues to indicate a relatively flat trend pattern. Natural quartz crystal consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Natural Quartz Crystal Exports

Exports from Latvia

In 2022, shipments abroad of quartz crystal (natural) was finally on the rise to reach X kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a precipitous shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 331% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, natural quartz crystal exports surged to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 941%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey (X kg) was the main destination for natural quartz crystal exports from Latvia, accounting for a 78% share of total exports. Moreover, natural quartz crystal exports to Turkey exceeded the volume sent to the second major destination, Uzbekistan (X kg), fivefold. Lithuania (X kg) ranked third in terms of total exports with a 3.3% share.

From 2013 to 2022, the average annual growth rate of volume to Turkey was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (0.0% per year) and Lithuania (-33.0% per year).

In value terms, Turkey ($X) emerged as the key foreign market for quartz crystal (natural) exports from Latvia, comprising 79% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 17% share of total exports. It was followed by Lithuania, with a 3.1% share.

From 2013 to 2022, the average annual rate of growth in terms of value to Turkey was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (0.0% per year) and Lithuania (-5.7% per year).

Export Prices by Country

The average natural quartz crystal export price stood at $X per ton in 2022, with an increase of 38% against the previous year. Overall, the export price recorded a significant increase. The pace of growth was the most pronounced in 2018 an increase of 2,074%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Turkey ($X per ton) and Uzbekistan ($X per ton), while the average price for exports to Estonia ($X per ton) and Lithuania ($X per ton) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+91.3%), while the prices for the other major destinations experienced more modest paces of growth.

Natural Quartz Crystal Imports

Imports into Latvia

In 2022, supplies from abroad of quartz crystal (natural) increased by 4.8% to X tons for the first time since 2017, thus ending a four-year declining trend. Over the period under review, imports, however, recorded a perceptible descent. The growth pace was the most rapid in 2013 with an increase of 224% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, natural quartz crystal imports skyrocketed to $X in 2022. In general, imports posted a prominent increase. The growth pace was the most rapid in 2013 when imports increased by 390%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Finland (X tons) was the main natural quartz crystal supplier to Latvia, accounting for a 96% share of total imports. It was followed by Russia (X tons), with a 2.5% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Finland stood at +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+26.1% per year) and Lithuania (-42.8% per year).

In value terms, Finland ($X) constituted the largest supplier of quartz crystal (natural) to Latvia, comprising 99% of total imports. The second position in the ranking was held by Russia ($X), with a 0.4% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Finland stood at +22.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+39.0% per year) and Lithuania (-31.5% per year).

Import Prices by Country

In 2022, the average natural quartz crystal import price amounted to $X per ton, jumping by 148% against the previous year. Over the period under review, the import price continues to indicate a significant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+19.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

This report provides an in-depth analysis of the natural quartz crystal market in Latvia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 08111290 - Porphyry, basalt, quartzites and other monumental or building stone, crude, roughly trimmed or merely cut (excluding calcareous monumental or building stone of a gravity . 2,5, g ranite and sandstone)
Prodcom 08992900 - Other minerals

Country coverage:

Latvia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Latvia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023