Latvia: Market for Wood Pellets And Other Agglomerates 2025

Market Size for Wood Pellets And Other Agglomerates in Latvia

The Latvian market for wood pellets and other agglomerates skyrocketed to $X in 2022, with an increase of X% against the previous year. Overall, consumption saw a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Wood Pellets And Other Agglomerates in Latvia

In value terms, wood pellets and other agglomerates production amounted to $X in 2022 estimated in export price. In general, production showed strong growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Wood Pellets And Other Agglomerates

Exports from Latvia

After four years of growth, shipments abroad of wood pellets and other agglomerates decreased by X% to X tons in 2022. In general, exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked at X tons in 2021, and then shrank markedly in the following year.

In value terms, wood pellets and other agglomerates exports shrank to $X in 2022. Over the period under review, exports, however, continue to indicate a prominent expansion. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2021, and then dropped in the following year.

Exports by Country

The UK (X tons) was the main destination for wood pellets and other agglomerates exports from Latvia, accounting for a X% share of total exports. Moreover, wood pellets and other agglomerates exports to the UK exceeded the volume sent to the second major destination, Denmark (X tons), twofold. Lithuania (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, the UK ($X) remains the key foreign market for wood pellets and other agglomerates exports from Latvia, comprising X% of total exports. The second position in the ranking was held by Denmark ($X), with a X% share of total exports. It was followed by Italy, with an X% share.

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

Export Prices by Country

In 2022, the average export price for wood pellets and other agglomerates amounted to $X per ton, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

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

Imports of Wood Pellets And Other Agglomerates

Imports into Latvia

In 2022, overseas purchases of wood pellets and other agglomerates decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, imports, however, continue to indicate a strong expansion. 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 maximum at X tons in 2021, and then dropped significantly in the following year.

In value terms, wood pellets and other agglomerates imports amounted to $X in 2022. Over the period under review, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Lithuania (X tons), Belarus (X tons) and Russia (X tons) were the main suppliers of wood pellets and other agglomerates imports to Latvia, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X) constituted the largest supplier of wood pellets and other agglomerates to Latvia, comprising X% of total imports. The second position in the ranking was held by Belarus ($X), with a X% share of total imports. It was followed by Russia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Lithuania stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (X% per year) and Russia (X% per year).

Import Prices by Country

The average import price for wood pellets and other agglomerates stood at $X per ton in 2022, surging by X% against the previous year. Overall, import price indicated prominent 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. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Estonia ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform