Latvia: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2019

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Latvia

The revenue of the market for iron, steel or aluminium reservoirs, tanks, vats and similar containers in Latvia amounted to $X in 2018, increasing by X% against the previous year. Overall, consumption of iron, steel or aluminium reservoirs, tanks, vats and similar containers continues to indicate a mild decline. The pace of growth appeared the most rapid in 2018 when the market value increased by X% against the previous year. Latvia consumption of iron, steel or aluminium reservoirs, tanks, vats and similar containers peaked at $X in 2008; however, from 2009 to 2018, consumption stood at a somewhat lower figure.

Production of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Latvia

In value terms, production of iron, steel or aluminium reservoirs, tanks, vats and similar containers totaled $X in 2018 estimated in export prices. In general, production of iron, steel or aluminium reservoirs, tanks, vats and similar containers continues to indicate a drastic decline. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Over the period under review, production of iron, steel or aluminium reservoirs, tanks, vats and similar containers reached its peak figure level at $X in 2011; however, from 2012 to 2018, production stood at a somewhat lower figure.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from Latvia

Exports of iron, steel or aluminium reservoirs, tanks, vats and similar containers from Latvia amounted to X tons in 2018, falling by -X% against the previous year. Over the period under review, exports of iron, steel or aluminium reservoirs, tanks, vats and similar containers, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, exports of iron, steel or aluminium reservoirs, tanks, vats and similar containers reached their maximum at X tons in 2016; however, from 2017 to 2018, exports remained at a lower figure.

In value terms, exports of iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X in 2018. Over the period under review, exports of iron, steel or aluminium reservoirs, tanks, vats and similar containers, however, continue to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. Over the period under review, exports of iron, steel or aluminium reservoirs, tanks, vats and similar containers reached their maximum at $X in 2016; however, from 2017 to 2018, exports failed to regain their momentum.

Exports by Country

In 2018, China (X tons), followed by the U.S. (X tons), Thailand (X tons), Poland (X tons), Germany (X tons) and Italy (X tons) represented the main exporters of iron, steel or aluminium reservoirs, tanks, vats and similar containers, together creating X% of total exports. Turkey (X tons), Spain (X tons), the Czech Republic (X tons), Mexico (X tons), South Korea (X tons) and India (X tons) followed a long way behind the leaders.

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

In value terms, China ($X), the U.S. ($X) and Germany ($X) appeared to be the countries with the highest levels of exports in 2018, together comprising X% of total exports. These countries were followed by Italy, Poland, South Korea, the Czech Republic, Spain, Thailand, Turkey, India, Mexico and Latvia, which together accounted for a further X terms of the main exporting countries, Thailand experienced 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

The export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers in Latvia stood at $X per ton in 2018, going up by X% against the previous year. In general, the export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers, however, continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2009 when the export price increased by X% against the previous year. Latvia export price peaked at $X per ton in 2007; however, from 2008 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into Latvia

In 2018, the amount of iron, steel or aluminium reservoirs, tanks, vats and similar containers imported into Latvia totaled X tons, growing by X% against the previous year. Over the period under review, imports of iron, steel or aluminium reservoirs, tanks, vats and similar containers continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2012 with an increase of X% year-to-year. Latvia imports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, imports of iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X in 2018. Overall, imports of iron, steel or aluminium reservoirs, tanks, vats and similar containers continue to indicate a temperate expansion. The pace of growth appeared the most rapid in 2012 when imports increased by X% y-o-y. Latvia imports peaked at $X in 2008; however, from 2009 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, the U.S. (X tons), followed by South Korea (X tons) and Germany (X tons) represented the main importers of iron, steel or aluminium reservoirs, tanks, vats and similar containers, together achieving X% of total imports. France (X tons), Thailand (X tons), Canada (X tons), Mexico (X tons), the UK (X tons), China (X tons), Spain (X tons), the Netherlands (X tons) and Japan (X tons) held a little share of total imports.

From 2007 to 2018, average annual rates of growth with regard to iron, steel or aluminium reservoir imports into the U.S. stood at +X%. At the same time, South Korea (+X%), Mexico (+X%), Thailand (+X%), Spain (+X%), China (+X%), France (+X%), the Netherlands (+X%), the UK (+X%) and Canada (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Germany experienced a relatively flat trend pattern. By contrast, Japan (-X%) illustrated a downward trend over the same period. The U.S. (+X p.p.), South Korea (+X p.p.), Thailand (+X p.p.) and Mexico (+X p.p.) significantly strengthened its position in terms of the global imports, while Japan saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported iron, steel or aluminium reservoirs, tanks, vats and similar containers into Latvia, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by China, with a X% share.

In the U.S., imports of iron, steel or aluminium reservoirs, tanks, vats and similar containers increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Germany (+X% per year) and China (+X% per year).

Import Prices by Country

The import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers in Latvia stood at $X per ton in 2018, coming down by -X% against the previous year. Over the period under review, the import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers continues to indicate a temperate deduction. The pace of growth was the most pronounced in 2008 when the import price increased by X% y-o-y. Latvia import price peaked at $X per ton in 2011; however, from 2012 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per ton), while Thailand ($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.

Source: IndexBox Platform