Latvia: Sawnwood Market 2025

Sawnwood Market Size in Latvia

For the third consecutive year, the Latvian sawnwood market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption enjoyed a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Sawnwood Production in Latvia

In value terms, sawnwood production rose to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Sawnwood Exports

Exports from Latvia

In 2022, overseas shipments of sawnwood decreased by X% to X cubic meters for the first time since 2017, thus ending a four-year rising trend. Overall, total exports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X cubic meters, and then declined in the following year.

In value terms, sawnwood exports reduced to $X in 2022. Over the period under review, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then dropped in the following year.

Exports by Country

The UK (X cubic meters) was the main destination for sawnwood exports from Latvia, with a X% share of total exports. Moreover, sawnwood exports to the UK exceeded the volume sent to the second major destination, the Netherlands (X cubic meters), fourfold. The third position in this ranking was held by Estonia (X cubic meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Estonia (X% per year).

In value terms, the UK ($X) remains the key foreign market for sawnwood exports from Latvia, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Estonia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the UK totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Estonia (X% per year).

Export Prices by Country

In 2022, the average sawnwood export price amounted to $X per cubic meter, reducing by X% against the previous year. Over the period under review, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sawnwood export price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per cubic meter, and then dropped modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per cubic meter), while the average price for exports to Denmark ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sawnwood Imports

Imports into Latvia

In 2022, after two years of growth, there was significant decline in purchases abroad of sawnwood, when their volume decreased by X% to X cubic meters. In general, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X cubic meters in 2021, and then contracted significantly in the following year.

In value terms, sawnwood imports contracted significantly to $X in 2022. Over the period under review, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then dropped notably in the following year.

Imports by Country

Belarus (X cubic meters), Estonia (X cubic meters) and Russia (X cubic meters) were the main suppliers of sawnwood imports to Latvia, together accounting for X% of total imports. Lithuania, Finland, Sweden and Ukraine lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sawnwood suppliers to Latvia were Belarus ($X), Estonia ($X) and Russia ($X), together comprising X% of total imports. Finland, Lithuania, Sweden and Ukraine lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Sweden, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sawnwood import price stood at $X per cubic meter in 2022, almost unchanged from the previous year. In general, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sawnwood import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. As a result, import price attained the peak level of $X per cubic meter, leveling off in the following year.

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 Finland ($X per cubic meter), while the price for Belarus ($X per cubic meter) was amongst the lowest.

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

Source: IndexBox Platform