Latvia: Market for Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) 2019

Market Size for Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) in Latvia

The revenue of the market for tubes, pipes and hollow profiles (of iron or steel) in Latvia amounted to $X in 2018, jumping by X% against the previous year. Overall, consumption of tubes, pipes and hollow profiles (of iron or steel), however, continues to indicate a drastic downturn. The growth pace was the most rapid in 2018 when the market value increased by X% against the previous year. Over the period under review, the market for iron or steel pipe and tube reached its maximum level at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Production of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) in Latvia

In value terms, production of tubes, pipes and hollow profiles (of iron or steel) totaled $X in 2018 estimated in export prices. Overall, production of tubes, pipes and hollow profiles (of iron or steel) continues to indicate an abrupt shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Over the period under review, production of tubes, pipes and hollow profiles (of iron or steel) attained its peak figure level at $X in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.

Exports of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel)

Exports from Latvia

In 2018, the amount of tubes, pipes and hollow profiles (of iron or steel) exported from Latvia amounted to X tons, increasing by X% against the previous year. Over the period under review, exports of tubes, pipes and hollow profiles (of iron or steel) continue to indicate a moderate expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Latvia exports peaked in 2018 and are likely to see steady growth in the near future.

In value terms, exports of tubes, pipes and hollow profiles (of iron or steel) totaled $X in 2018. In general, exports of tubes, pipes and hollow profiles (of iron or steel) continue to indicate a moderate expansion. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. Over the period under review, exports of tubes, pipes and hollow profiles (of iron or steel) attained their peak figure in 2018 and are likely to continue its growth in the near future.

Exports by Country

In 2018, China (X tons), distantly followed by Italy (X tons), South Korea (X tons), Germany (X tons), Russia (X tons) and Japan (X tons) represented the largest exporters of tubes, pipes and hollow profiles (of iron or steel), together making up X% of total exports. Turkey (X tons), Mexico (X tons), India (X tons), Canada (X tons), the U.S. (X tons) and Austria (X tons) followed a long way behind the leaders.

China experienced a relatively flat trend pattern of tubes, pipes and hollow profiles (of iron or steel) exports. At the same time, South Korea (+X%), Mexico (+X%), Russia (+X%), Turkey (+X%) and India (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Italy and Austria experienced a relatively flat trend pattern. By contrast, Canada (-X%), Germany (-X%), the U.S. (-X%) and Japan (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of South Korea, Russia and Mexico increased by +X%, +X% and +X% percentage points, while Germany (-X p.p.), China (-X p.p.) and Japan (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest iron or steel pipe and tube markets from Latvia were China ($X), Germany ($X) and Italy ($X), together accounting for X% of total exports. Japan, South Korea, the U.S., Russia, Canada, India, Turkey, Mexico, Austria and Latvia lagged somewhat behind, together accounting for a further X experienced the highest growth rate of exports, in terms of the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price for tubes, pipes and hollow profiles (of iron or steel) in Latvia stood at $X per ton in 2018, rising by X% against the previous year. In general, the export price for tubes, pipes and hollow profiles (of iron or steel) continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the export price increased by X% y-o-y. Latvia export price peaked at $X per ton in 2011; however, from 2012 to 2018, export prices remained at a lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced mixed trends in the export price figures.

Imports of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel)

Imports into Latvia

In 2018, the imports of tubes, pipes and hollow profiles (of iron or steel) into Latvia totaled X tons, growing by X% against the previous year. In general, imports of tubes, pipes and hollow profiles (of iron or steel) continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, imports of tubes, pipes and hollow profiles (of iron or steel) reached their maximum in 2018 and are likely to see steady growth in the immediate term.

In value terms, imports of tubes, pipes and hollow profiles (of iron or steel) stood at $X in 2018. Over the period under review, imports of tubes, pipes and hollow profiles (of iron or steel) continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when imports increased by X% against the previous year. Latvia imports peaked at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, the U.S. (X tons), distantly followed by Germany (X tons) and Australia (X tons) represented the main importers of tubes, pipes and hollow profiles (of iron or steel), together committing X% of total imports. Canada (X tons), France (X tons), Saudi Arabia (X tons), Mexico (X tons), Poland (X tons), India (X tons), the UK (X tons), Italy (X tons) and the Netherlands (X tons) occupied a relatively small share of total imports.

The U.S. experienced a relatively flat trend pattern of tubes, pipes and hollow profiles (of iron or steel) imports. At the same time, Australia (+X%), Mexico (+X%), India (+X%) and Poland (+X%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Canada, France and Germany experienced a relatively flat trend pattern. By contrast, the Netherlands (-X%), Saudi Arabia (-X%), the UK (-X%) and Italy (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Australia and Mexico increased by +X% and +X% percentage points, while the U.S. (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported tubes, pipes and hollow profiles (of iron or steel) into Latvia, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by Australia, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Germany (-X% per year) and Australia (+X% per year).

Import Prices by Country

In 2018, the import price for tubes, pipes and hollow profiles (of iron or steel) in Latvia amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price for tubes, pipes and hollow profiles (of iron or steel), however, continues to indicate a mild drop. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. In that year, the import prices for tubes, pipes and hollow profiles (of iron or steel) reached their peak level of $X per ton. From 2012 to 2018, the growth in terms of the import prices for tubes, pipes and hollow profiles (of iron or steel) remained at a somewhat lower figure.

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

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

Source: IndexBox Platform