Latvia: Glass Fiber Market 2020

Glass Fiber Market Size in Latvia

The revenue of the glass fiber market in Latvia amounted to $X in 2018, increasing by X% against the previous year. Over the period under review, glass fiber consumption, however, continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2017 when the market value increased by X% y-o-y. Over the period under review, the glass fiber market attained its maximum level at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Glass Fiber Production in Latvia

In value terms, glass fiber production stood at $X in 2018 estimated in export prices. Over the period under review, glass fiber production, however, continues to indicate a slight curtailment. The growth pace was the most rapid in 2009 when production volume increased by X% year-to-year. In that year, glass fiber production reached its peak level of $X. From 2010 to 2018, glass fiber production growth remained at a lower figure.

Glass Fiber Exports

Exports from Latvia

In 2018, the amount of voiles, webs, mats and other articles of glass fibers exported from Latvia amounted to X tons, picking up by X% against the previous year. Overall, the total exports indicated a buoyant expansion from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, glass fiber exports attained their maximum at X tons in 2014; however, from 2015 to 2018, exports remained at a lower figure.

In value terms, glass fiber exports totaled $X in 2018. Overall, the total exports indicated a strong increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, glass fiber exports attained their peak figure at $X in 2013; however, from 2014 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, China (X tons), distantly followed by the U.S. (X tons), Belgium (X tons), Germany (X tons), the UK (X tons) and Russia (X tons) were the largest exporters of voiles, webs, mats and other articles of glass fibers, together mixing up X% of total exports. The Czech Republic (X tons), France (X tons), Poland (X tons), Canada (X tons), Spain (X tons) and the Netherlands (X tons) took a relatively small share of total exports.

Exports from China increased at an average annual rate of +X% from 2007 to 2018. At the same time, Russia (+X%), the UK (+X%), France (+X%), Poland (+X%) and the Czech Republic (+X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Spain, Germany and the Netherlands experienced a relatively flat trend pattern. By contrast, the U.S. (-X%), Belgium (-X%) and Canada (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China, Russia and the UK increased by +X%, +X% and +X% percentage points, while Belgium (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), the U.S. ($X) and Germany ($X) constituted the countries with the highest levels of exports in 2018, with a combined X% share of total exports. The UK, France, Belgium, the Netherlands, Canada, Spain, the Czech Republic, Poland, Russia and Latvia lagged somewhat behind, together accounting for a further X recorded the highest rates of growth with regard to 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 glass fiber export price in Latvia stood at $X per ton in 2018, coming down by -X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2017 when the export price increased by X% y-o-y. In that year, the export prices for voiles, webs, mats and other articles of glass fibers reached their peak level of $X per ton, and then declined slightly in the following year.

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

Glass Fiber Imports

Imports into Latvia

In 2018, the amount of voiles, webs, mats and other articles of glass fibers imported into Latvia totaled X tons, surging by X% against the previous year. Over the period under review, glass fiber imports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Latvia imports peaked at X tons in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, glass fiber imports amounted to $X in 2018. Overall, glass fiber imports, however, continue to indicate a drastic reduction. The pace of growth appeared the most rapid in 2018 when imports increased by X% year-to-year. Latvia imports peaked at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

The U.S. (X tons), France (X tons) and Germany (X tons) represented roughly X% of total imports of voiles, webs, mats and other articles of glass fibers in 2018. Mexico (X tons), Canada (X tons), Poland (X tons), Japan (X tons), Spain (X tons), the UK (X tons), Denmark (X tons), the Czech Republic (X tons) and the Netherlands (X tons) took a little share of total imports.

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

In value terms, the U.S. ($X), Germany ($X) and France ($X) constituted the countries with the highest levels of imports in 2018, with a combined X% share of total imports. Mexico, Canada, Denmark, Japan, the UK, Spain, Poland, the Netherlands, the Czech Republic and Latvia lagged somewhat behind, together comprising a further X experienced the highest growth rate of imports, in terms of the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The glass fiber import price in Latvia stood at $X per ton in 2018, growing by X% against the previous year. In general, the glass fiber import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by X% y-o-y. Latvia import price peaked at $X per ton in 2008; however, from 2009 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Denmark ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform