Latvia: Recovered Fibre Pulp Market 2024

Recovered Fibre Pulp Market Size in Latvia

The Latvian recovered fibre pulp market reduced to $X in 2022, falling by -11.8% against the previous year. Overall, consumption saw a abrupt descent. Recovered fibre pulp consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Recovered Fibre Pulp Production in Latvia

In value terms, recovered fibre pulp production totaled $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 21% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Recovered Fibre Pulp Exports

Exports from Latvia

In 2022, overseas shipments of recovered fibre pulp decreased by -0.2% to X tons, falling for the second year in a row after five years of growth. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 2,349%. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, recovered fibre pulp exports shrank notably to $X in 2022. Overall, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 2,622%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Lithuania (X tons) was the main destination for recovered fibre pulp exports from Latvia, with a 92% share of total exports. Moreover, recovered fibre pulp exports to Lithuania exceeded the volume sent to the second major destination, Finland (X tons), more than tenfold. Russia (X tons) ranked third in terms of total exports with a 2.3% share.

From 2012 to 2022, the average annual growth rate of volume to Lithuania amounted to +64.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+4.8% per year) and Russia (+16.7% per year).

In value terms, Lithuania ($X) remains the key foreign market for recovered fibre pulp exports from Latvia, comprising 88% of total exports. The second position in the ranking was taken by Finland ($X), with a 4.8% share of total exports. It was followed by Russia, with a 3.3% share.

From 2012 to 2022, the average annual growth rate of value to Lithuania totaled +61.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+4.2% per year) and Russia (+19.5% per year).

Export Prices by Country

In 2022, the average recovered fibre pulp export price amounted to $X per ton, with a decrease of -16.8% against the previous year. In general, the export price saw a slight decline. The most prominent rate of growth was recorded in 2016 an increase of 12%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Russia ($X per ton) and Finland ($X per ton), while the average price for exports to Lithuania ($X per ton) and Estonia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+2.4%), while the prices for the other major destinations experienced a decline.

Recovered Fibre Pulp Imports

Imports into Latvia

In 2022, after two years of growth, there was significant decline in purchases abroad of recovered fibre pulp, when their volume decreased by -44.8% to X tons. Overall, imports showed a noticeable curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 178%. As a result, imports reached the peak of X tons, and then shrank markedly in the following year.

In value terms, recovered fibre pulp imports contracted sharply to $X in 2022. In general, imports saw a pronounced contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 151% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) was the main recovered fibre pulp supplier to Latvia, accounting for a 91% share of total imports. Moreover, recovered fibre pulp imports from Germany exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (-11.4% per year) and the Netherlands (0.0% per year).

In value terms, Germany ($X) constituted the largest supplier of recovered fibre pulp to Latvia, comprising 84% of total imports. The second position in the ranking was taken by Lithuania ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled -2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (-6.7% per year) and the Netherlands (0.0% per year).

Import Prices by Country

The average recovered fibre pulp import price stood at $X per ton in 2022, surging by 13% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by 38%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+17.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform