Report Update: May 1, 2024

Latvia - Planes, Chisels And Gouges For Working Wood - Market Analysis, Forecast, Size, Trends And Insights

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Gouges and Chisels Price in Latvia - 2023

Gouges and Chisels Price in Latvia (CIF) - 2022

The average gouges and chisels import price stood at $12,141 per ton in 2022, which is down by -5.7% against the previous year. Overall, the import price, however, saw a modest increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 61%. As a result, import price attained the peak level of $18,484 per ton. From 2021 to 2022, the average import prices remained at a lower figure.

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 Lithuania ($34,856 per ton), while the price for China ($8,397 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Gouges and Chisels Price in Latvia (FOB) - 2022

In 2022, the average gouges and chisels export price amounted to $5,888 per ton, growing by 17% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced slump. The pace of growth appeared the most rapid in 2019 when the average export price increased by 88%. Over the period under review, the average export prices hit record highs at $8,865 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($6,527 per ton), while the average price for exports to Estonia totaled $5,775 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+70.9%), while the prices for the other major destinations experienced a decline.

Gouges and Chisels Imports in Latvia

In 2022, approx. 27 tons of planes, chisels and gouges for working wood were imported into Latvia; reducing by -47.1% against the previous year. Overall, imports faced a dramatic decrease. The pace of growth was the most pronounced in 2021 when imports increased by 10% against the previous year.

In value terms, gouges and chisels imports declined sharply to $327K in 2022. In general, imports showed a sharp reduction. The growth pace was the most rapid in 2020 when imports increased by 5.8%. As a result, imports reached the peak of $856K. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Gouges and Chisels in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Poland	72.6	89.7	98.7	111	15.2%
Lithuania	342	42.4	75.3	77.2	-39.1%
Germany	15.9	510	15.2	55.7	51.9%
China	11.9	31.5	29.2	39.4	49.0%
Estonia	265	138	23.9	18.6	-58.8%
Sweden	53.0	10.4	6.4	3.2	-60.8%
Finland	26.0	1.6	1.5	1.2	-64.1%
Italy	0.5	5.0	385	0.1	-41.5%
Others	21.5	27.2	21.2	20.3	-1.9%
Total	809	856	656	327	-26.1%

Top Suppliers of Gouges and Chisels to Latvia in 2022:

Poland (12.1 tons)
Germany (6.3 tons)
China (4.7 tons)
Lithuania (2.2 tons)
Estonia (1.1 tons)
Finland (0.1 tons)
Sweden (0.1 tons)

Gouges and Chisels Exports in Latvia

In 2022, after two years of decline, there was significant growth in shipments abroad of planes, chisels and gouges for working wood, when their volume increased by 416% to 38 tons. Over the period under review, exports, however, recorded a abrupt setback.

In value terms, gouges and chisels exports surged to $223K in 2022. In general, exports, however, showed a deep contraction.

Export of Gouges and Chisels in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Estonia	258	133	5.2	190	-9.7%
Lithuania	15.7	27.5	25.4	31.2	25.7%
Austria	N/A	36.6	N/A	N/A	0%
Others	1.8	12.9	6.2	1.0	-17.8%
Total	275	210	36.7	223	-6.7%

Top Export Markets for Gouges and Chisels from Latvia in 2022:

Estonia (33.0 tons)
Lithuania (4.8 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the gouges and chisels 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 25733057 - Planes, chisels, gouges and similar cutting tools for working wood

Country coverage:

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023