Latvia: Stranded Wire Market 2020

Stranded Wire Market Size in Latvia

The revenue of the stranded wire market in Latvia amounted to $X in 2018, going up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, stranded wire consumption continues to indicate a slight increase. The pace of growth was the most pronounced in 2012 when the market value increased by X% year-to-year. Latvia stranded wire consumption peaked in 2018 and is likely to see steady growth in the immediate term.

Stranded Wire Exports

Exports from Latvia

In 2018, approx. X tons of stranded wire, ropes and cables were exported from Latvia; going down by -X% against the previous year. Overall, stranded wire exports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. In that year, stranded wire exports attained their peak of X tons. From 2012 to 2018, the growth of stranded wire exports remained at a lower figure.

In value terms, stranded wire exports stood at $X in 2018. In general, stranded wire exports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2010 when exports increased by X% year-to-year. Latvia exports peaked at $X in 2011; however, from 2012 to 2018, exports failed to regain their momentum.

Exports by Country

In 2018, China (X tons) represented the key exporter of stranded wire, ropes and cables, constituting X% of total exports. South Korea (X tons) ranks second in terms of the total exports with a X% share, followed by India (X%) and Vietnam (X%). The following exporters - Turkey (X tons), Germany (X tons), Italy (X tons), Spain (X tons), Malaysia (X tons), Thailand (X tons), the U.S. (X tons) and Portugal (X tons) - together made up X% of total exports.

China experienced a relatively flat trend pattern of stranded wire, ropes and cables exports. At the same time, Vietnam (+X%), Portugal (+X%), India (+X%) and Turkey (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Spain, Thailand and Malaysia experienced a relatively flat trend pattern. By contrast, Germany (-X%), the U.S. (-X%), Italy (-X%) and South Korea (-X%) illustrated a downward trend over the same period. Vietnam (+X p.p.), India (+X p.p.), Turkey (+X p.p.) and Portugal (+X p.p.) significantly strengthened its position in terms of the global exports, while Italy, China and South Korea saw its share reduced by -X%, -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest stranded wire supplier from Latvia, comprising X% of global exports. The second position in the ranking was occupied by Germany ($X), with a X% share of global exports. It was followed by the U.S., with a X% share.

From 2007 to 2018, the average annual growth rate of value in China totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-X% per year) and the U.S. (+X% per year).

Export Prices by Country

In 2018, the stranded wire export price in Latvia amounted to $X per ton, growing by X% against the previous year. Overall, the stranded wire export price continues to indicate a significant increase. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the export prices for stranded wire, ropes and cables attained their maximum in 2018 and is likely to continue its growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per ton), while Malaysia ($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.

Stranded Wire Imports

Imports into Latvia

Stranded wire imports into Latvia stood at X tons in 2018, going up by X% against the previous year. Overall, stranded wire imports continue to indicate moderate growth. The most prominent rate of growth was recorded in 2016 when imports increased by X% y-o-y. Over the period under review, stranded wire imports attained their peak figure in 2018 and are expected to retain its growth in the immediate term.

In value terms, stranded wire imports amounted to $X in 2018. Overall, stranded wire imports continue to indicate a slight expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. In that year, stranded wire imports reached their peak and are likely to continue its growth in the immediate term.

Imports by Country

In 2018, the U.S. (X tons), distantly followed by Germany (X tons) represented the main importers of stranded wire, ropes and cables, together creating X% of total imports. The following importers - South Korea (X tons), India (X tons), Thailand (X tons), Poland (X tons), Japan (X tons), France (X tons), Mexico (X tons), the UK (X tons), Spain (X tons) and Belgium (X tons) - together made up X% of total imports.

The U.S. experienced a relatively flat trend pattern of stranded wire, ropes and cables imports. At the same time, India (+X%), Thailand (+X%), Poland (+X%), Belgium (+X%), Mexico (+X%), Germany (+X%), Japan (+X%) and South Korea (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. The UK experienced a relatively flat trend pattern. By contrast, France (-X%) and Spain (-X%) illustrated a downward trend over the same period. India (+X p.p.), Thailand (+X p.p.) and Poland (+X p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest stranded wire importing markets into Latvia were the U.S. ($X), Germany ($X) and Mexico ($X), together comprising X% of total imports. France, India, Poland, Thailand, South Korea, the UK, Japan, Spain, Belgium and Latvia lagged somewhat behind, together comprising a further X the main importing countries, India experienced the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the stranded wire import price in Latvia amounted to $X per ton, increasing by X% against the previous year. In general, the stranded wire import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the import price increased by X% year-to-year. In that year, the import prices for stranded wire, ropes and cables attained their peak level of $X per ton. From 2009 to 2018, the growth in terms of the import prices for stranded wire, ropes and cables remained at a somewhat lower figure.

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

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

Source: IndexBox Platform