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Latvia - Concrete Reinforcing Bars - Market Analysis, Forecast, Size, Trends And Insights
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View PricingConcrete Reinforcing Bar Price in Latvia - 2023
Contents:
- Concrete Reinforcing Bar Price in Latvia (CIF) - 2023
- Concrete Reinforcing Bar Price in Latvia (FOB) - 2023
- Concrete Reinforcing Bar Imports in Latvia
- Concrete Reinforcing Bar Exports in Latvia
Concrete Reinforcing Bar Price in Latvia (CIF) - 2023
In September 2023, the average concrete reinforcing bar import price amounted to $718 per ton, shrinking by -3.9% against the previous month. Overall, the import price recorded a mild setback. The most prominent rate of growth was recorded in July 2023 an increase of 18% m-o-m. The import price peaked at $937 per ton in December 2022; however, from January 2023 to September 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the highest price was recorded for prices from Lithuania ($727 per ton) and Poland ($724 per ton), while the price for Italy ($652 per ton) and Estonia ($657 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Russia (+0.8%), while the prices for the other major suppliers experienced a decline.
Concrete Reinforcing Bar Price in Latvia (FOB) - 2023
In September 2023, the average concrete reinforcing bar export price amounted to $966 per ton, growing by 15% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in August 2023 when the average export price increased by 27% month-to-month. Over the period under review, the average export prices hit record highs at $1,072 per ton in December 2022; however, from January 2023 to September 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In September 2023, the highest price was recorded for prices to Estonia ($1,030 per ton) and Lithuania ($972 per ton), while the average price for exports to Finland ($827 per ton) and Sweden ($882 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+19.6%), while the prices for the other major destinations experienced mixed trend patterns.
Concrete Reinforcing Bar Imports in Latvia
In 2022, approx. 73K tons of concrete reinforcing bars were imported into Latvia; waning by -29% against 2021. Overall, imports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 63% against the previous year.
In value terms, concrete reinforcing bar imports reduced to $71M in 2022. In general, imports, however, showed a temperate expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 125% against the previous year. As a result, imports attained the peak of $77M, and then contracted in the following year.
Import of Concrete Reinforcing Bar in Latvia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lithuania | 25.3 | 21.2 | 33.3 | 37.1 | 13.6% |
Poland | 1.8 | 2.2 | 1.9 | 12.4 | 90.3% |
Russia | 24.2 | 5.3 | 21.3 | 6.8 | -34.5% |
Estonia | 1.1 | 2.6 | 5.7 | 5.3 | 68.9% |
Ukraine | 1.2 | 0.3 | 2.1 | 2.6 | 29.4% |
Hungary | 0.3 | 0.1 | N/A | 1.7 | 78.3% |
Spain | N/A | N/A | N/A | 1.6 | 0% |
Belarus | 8.0 | 1.8 | 11.6 | 0.1 | -76.8% |
Others | 1.1 | 0.8 | 1.1 | 3.5 | 47.1% |
Total | 63.1 | 34.3 | 77.0 | 71.2 | 4.1% |
Top Suppliers of Concrete Reinforcing Bar to Latvia in 2022:
- Lithuania (36.6K tons)
- Poland (12.7K tons)
- Russia (8.7K tons)
- Estonia (5.1K tons)
- Ukraine (3.0K tons)
- Spain (2.0K tons)
- Hungary (1.5K tons)
- Belarus (0.1K tons)
Concrete Reinforcing Bar Exports in Latvia
Concrete reinforcing bar exports from Latvia declined markedly to 16K tons in 2022, falling by -57% compared with 2021 figures. In general, exports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year.
In value terms, concrete reinforcing bar exports dropped significantly to $17M in 2022. Overall, exports faced a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 86%. As a result, the exports attained the peak of $32M, and then fell significantly in the following year.
Export of Concrete Reinforcing Bar in Latvia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Sweden | 3.6 | 3.0 | 7.4 | 7.6 | 28.3% |
Finland | 9.5 | 7.2 | 5.3 | 4.5 | -22.0% |
Lithuania | 6.3 | 3.0 | 9.1 | 2.4 | -27.5% |
Estonia | 4.1 | 3.4 | 3.4 | 1.5 | -28.5% |
Poland | N/A | 0.3 | 5.4 | 0.6 | 41.4% |
Norway | 0.4 | 0.3 | 0.6 | 0.6 | 14.5% |
Others | 0.6 | N/A | 0.7 | 0.1 | -45.0% |
Total | 24.5 | 17.2 | 31.9 | 17.3 | -11.0% |
Top Export Markets for Concrete Reinforcing Bar from Latvia in 2022:
- Sweden (6.8K tons)
- Finland (4.5K tons)
- Lithuania (2.6K tons)
- Estonia (1.1K tons)
- Poland (0.6K tons)
- Norway (0.5K tons)
This report provides an in-depth analysis of the concrete reinforcing bar market in Latvia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 2410T241 - Concrete reinforcing bars
- Prodcom 24106210 - Hot-rolled concrete reinforcing bars
Country coverage:
- Latvia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Latvia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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