Latvia: Railway Construction Market 2020

Railway Construction Market Size in Latvia

The revenue of the railway construction market in Latvia amounted to $X in 2018, increasing by X% against the previous year. Over the period under review, railway construction consumption, however, continues to indicate a drastic shrinkage. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. In that year, the railway construction market reached its peak level of $X. From 2011 to 2018, the growth of the railway construction market failed to regain its momentum.

Railway Construction Production in Latvia

In value terms, railway construction production totaled $X in 2018 estimated in export prices. In general, railway construction production continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2012 when production volume increased by X% y-o-y. Over the period under review, railway construction production attained its maximum level in 2018 and is likely to continue its growth in the immediate term.

Railway Construction Exports

Exports from Latvia

In 2018, approx. X tons of railway or tramway track construction material of iron or steel were exported from Latvia; going up by X% against the previous year. Overall, railway construction exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. In that year, railway construction exports attained their peak and are likely to continue its growth in the immediate term.

In value terms, railway construction exports totaled $X in 2018. Overall, railway construction exports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. In that year, railway construction exports attained their peak and are likely to continue its growth in the immediate term.

Exports by Country

In 2018, Ukraine (X tons), Japan (X tons) and Austria (X tons) represented the main exporters of railway or tramway track construction material of iron or steel in the world, constituting X% of total export. It was distantly followed by the Czech Republic (X tons), China (X tons), Poland (X tons), the U.S. (X tons) and Spain (X tons), together mixing up a X% share of total exports. The following exporters - Russia (X tons), the UK (X tons), Turkey (X tons) and Luxembourg (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 Ukraine, while the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X), Austria ($X) and Japan ($X) were the countries with the highest levels of exports in 2018, together comprising X% of total exports.

In terms of the main exporting countries, Ukraine recorded the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the railway construction export price in Latvia amounted to $X per ton, jumping by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 an increase of X% year-to-year. Latvia export price peaked in 2018 and is expected to retain its growth in the near future.

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

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

Railway Construction Imports

Imports into Latvia

Railway construction imports into Latvia totaled X tons in 2018, jumping by X% against the previous year. In general, railway construction imports, however, continue to indicate a drastic slump. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. In that year, railway construction imports attained their peak of X tons. From 2011 to 2018, the growth of railway construction imports remained at a somewhat lower figure.

In value terms, railway construction imports stood at $X in 2018. Overall, railway construction imports, however, continue to indicate a drastic curtailment. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. In that year, railway construction imports reached their peak of $X. From 2011 to 2018, the growth of railway construction imports remained at a somewhat lower figure.

Imports by Country

In 2018, Russia (X tons), distantly followed by Germany (X tons), Canada (X tons), the U.S. (X tons) and Iran (X tons) represented the main importers of railway or tramway track construction material of iron or steel, together making up X% of total imports. Brazil (X tons), Italy (X tons), Poland (X tons), Mexico (X tons), Belgium (X tons), France (X tons) and Thailand (X tons) followed a long way behind the leaders.

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

In value terms, Russia ($X), Germany ($X) and Canada ($X) were the countries with the highest levels of imports in 2018, with a combined X% share of total imports.

Russia experienced the highest rates of growth with regard to imports, among the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The railway construction import price in Latvia stood at $X per ton in 2018, going up by X% against the previous year. In general, the import price indicated modest growth 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, railway construction import price increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, the import prices for railway or tramway track construction material of iron or steel reached their peak figure at $X per ton in 2013; however, from 2014 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was France ($X per ton), while the U.S. ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform