Latvia: Sawn Wood Market 2020

Sawn Wood Market Size in Latvia

The revenue of the sawn wood market in Latvia amounted to $X in 2018, standing approx. at the previous year. Overall, sawn wood consumption continues to indicate an abrupt drop. The most prominent rate of growth was recorded in 2009, with an increase of X% year-to-year. In that year, the sawn wood market attained its peak level of $X. From 2010 to 2018, the growth of the sawn wood market remained at a lower figure.

Sawn Wood Production in Latvia

In value terms, sawn wood production totaled $X in 2018 estimated in export prices. Overall, sawn wood production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018, with an increase of X% year-to-year. Over the period under review, sawn wood production attained its maximum level at $X in 2014; however, from 2015 to 2018, production failed to regain its momentum.

Sawn Wood Exports

Exports from Latvia

In 2018, the amount of wood sawn or chipped lengthwise exported from Latvia amounted to X cubic meters, lowering by -X% against the previous year. In general, sawn wood exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014, when exports increased by X% y-o-y. In that year, sawn wood exports reached their peak of X cubic meters. From 2015 to 2018, the growth of sawn wood exports remained at a lower figure.

In value terms, sawn wood exports totaled $X in 2018. Overall, sawn wood exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010, with an increase of X% against the previous year. Over the period under review, sawn wood exports reached their maximum at $X in 2014; however, from 2015 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Indonesia was the main exporter of wood sawn or chipped lengthwise in the world, with the volume of exports recording X cubic meters, which was near X% of total exports in 2018. China (X cubic meters) ranks second in terms of the total exports with a X% share, followed by Brazil (X%). Peru (X cubic meters) and Malaysia (X cubic meters) followed a long way behind the leaders.

Indonesia was also the fastest growing in terms of the wood sawn or chipped lengthwise exports, with a CAGR of +X% from 2007 to 2018. Brazil (-X%), Peru (-X%), China (-X%) and Malaysia (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China, Brazil, Malaysia and Peru increased by X%, X%, X% and X% percentage points, while Indonesia (-X%) saw their share reduced.

In value terms, Malaysia ($X), Indonesia ($X) and Brazil ($X) appeared to be the countries with the highest levels of exports in 2018, together accounting for X% of total exports. China, Latvia and Peru lagged somewhat behind, together accounting for a further X terms of the main exporting countries, Latvia recorded the highest rates of growth with regard to exports, over the last eleven year period, while the other leaders experienced a decline in the exports figures.

Export Prices by Country

The sawn wood export price in Latvia stood at $X per cubic meter in 2018, increasing by X% against the previous year. Overall, the sawn wood export price continues to indicate a modest expansion. The pace of growth appeared the most rapid in 2016, an increase of X% y-o-y. In that year, the export prices for wood sawn or chipped lengthwise attained their peak level of $X per cubic meter. From 2017 to 2018, the growth in terms of the export prices for wood sawn or chipped lengthwise remained at a somewhat lower figure.

There were significant differences in the average export prices amongst the major exporting countries. In 2018, the country with the highest export price was Malaysia ($X per cubic meter), while Indonesia ($X per cubic meter) was amongst the lowest.

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

Sawn Wood Imports

Imports into Latvia

In 2018, approx. X cubic meters of wood sawn or chipped lengthwise were imported into Latvia; flattening at the previous year. In general, sawn wood imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017, with an increase of X% y-o-y. In that year, sawn wood imports reached their peak of X cubic meters, leveling off in the following year.

In value terms, sawn wood imports totaled $X in 2018. In general, sawn wood imports, however, continue to indicate a slight deduction. The most prominent rate of growth was recorded in 2018, when imports increased by X% against the previous year. Over the period under review, sawn wood imports attained their maximum at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

The U.S. (X cubic meters), the UK (X cubic meters) and Taiwan, Chinese (X cubic meters) represented roughly X% of total imports of wood sawn or chipped lengthwise in 2018. Mexico (X cubic meters) took a X% share (based on tons) of total imports, which put it in second place, followed by France (X%), South Korea (X%) and Australia (X%). The following importers - Germany (X cubic meters), Japan (X cubic meters), Italy (X cubic meters), Saudi Arabia (X cubic meters) and India (X cubic meters) - together made up X% 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 Taiwan, Chinese, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), the UK ($X) and Italy ($X) constituted the countries with the highest levels of imports in 2018, with a combined X% share of total imports. Germany, France, Japan, India, Mexico, Australia, Saudi Arabia, South Korea, Taiwan, Chinese and Latvia lagged somewhat behind, together accounting for a further X recorded 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 sawn wood import price in Latvia stood at $X per thousand cubic meters in 2018, surging by X% against the previous year. In general, the sawn wood import price, however, continues to indicate a slight contraction. The pace of growth appeared the most rapid in 2011, an increase of X% against the previous year. Latvia import price peaked at $X per thousand cubic meters in 2012; however, from 2013 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average import prices amongst the major importing countries. In 2018, the country with the highest import price was Italy ($X per thousand cubic meters), while Taiwan, Chinese ($X per thousand cubic meters) was amongst the lowest.

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

Source: IndexBox Platform