Price for Prefabricated Buildings of Wood in Latvia - 2024
Contents:
- Price for Prefabricated Buildings of Wood in Latvia (FOB) - 2024
- Price for Prefabricated Buildings of Wood in Latvia (CIF) - 2022
- Exports of Prefabricated Buildings of Wood in Latvia
- Imports of Prefabricated Buildings of Wood in Latvia
Price for Prefabricated Buildings of Wood in Latvia (FOB) - 2024
The average prefabricated buildings of wood export price stood at $24,140 per unit in March 2024, surging by 7.4% against the previous month. Overall, the export price saw a modest increase. The most prominent rate of growth was recorded in August 2023 when the average export price increased by 29% month-to-month. The export price peaked at $32,166 per unit in November 2023; afterwards, it flattened through to March 2024.
There were significant differences in the average prices for the major external markets. In March 2024, the country with the highest price was Sweden ($58,468 per unit), while the average price for exports to France ($15,623 per unit) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Prefabricated Buildings of Wood in Latvia (CIF) - 2022
The average prefabricated buildings of wood import price stood at $17,158 per unit in 2022, rising by 1.6% against the previous year. Over the period under review, import price indicated a strong increase from 2017 to 2022: its price increased at an average annual rate of +6.8% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, prefabricated buildings of wood import price decreased by -16.4% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 66%. As a result, import price attained the peak level of $20,517 per unit. From 2019 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 Finland ($33,693 per unit), while the price for Belarus ($7,537 per unit) was amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Prefabricated Buildings of Wood in Latvia
In 2022, approx. 4.9K units of prefabricated buildings of wood were exported from Latvia; falling by -4.7% compared with the previous year's figure. The total export volume increased at an average annual rate of +5.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 29%. As a result, the exports reached the peak of 5.2K units, and then dropped in the following year.
In value terms, prefabricated buildings of wood exports expanded remarkably to $120M in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +16.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 37% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Prefabricated Buildings of Wood in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 19.0 | 21.4 | 25.6 | 42.9 | 31.2% |
| Netherlands | 16.0 | 20.3 | 30.8 | 27.2 | 19.3% |
| Norway | 25.7 | 19.9 | 28.7 | 27.2 | 1.9% |
| Germany | 3.2 | 6.5 | 8.5 | 5.7 | 21.2% |
| Iceland | 0.4 | 1.0 | 0.8 | 3.3 | 102.1% |
| Estonia | 0.1 | 0.4 | 1.8 | 2.6 | 196.2% |
| Denmark | 0.4 | 0.9 | 1.8 | 2.1 | 73.8% |
| France | 3.0 | 3.5 | 2.9 | 1.2 | -26.3% |
| United Kingdom | 5.4 | 4.7 | 1.7 | 1.2 | -39.4% |
| Others | 3.6 | 4.0 | 10.8 | 6.8 | 23.6% |
| Total | 76.8 | 82.5 | 113 | 120 | 16.0% |
Top Export Markets for Prefabricated Buildings of Wood from Latvia in 2022:
- Netherlands (1507.0 units)
- Sweden (1250.0 units)
- Norway (1153.0 units)
- Germany (287.0 units)
- Iceland (119.0 units)
- Estonia (89.0 units)
- Denmark (86.0 units)
- United Kingdom (76.0 units)
- France (59.0 units)
Imports of Prefabricated Buildings of Wood in Latvia
In 2022, supplies from abroad of prefabricated buildings of wood decreased by -10.4% to 423 units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 119%. Over the period under review, imports attained the maximum at 472 units in 2021, and then contracted in the following year.
In value terms, prefabricated buildings of wood imports fell to $7.3M in 2022. Overall, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 160% against the previous year. Imports peaked at $8M in 2021, and then dropped in the following year.
| Import of Prefabricated Buildings of Wood in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 0.9 | 1.6 | 0.5 | 2.2 | 34.7% |
| Estonia | 0.4 | 1.1 | 1.9 | 1.8 | 65.1% |
| Lithuania | 0.1 | 0.7 | 3.9 | 1.5 | 146.6% |
| Belarus | N/A | 0.5 | 1.3 | 1.3 | 61.2% |
| Russia | 0.2 | 0.3 | 0.4 | 0.2 | 0.0% |
| Others | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Total | 1.6 | 4.2 | 8.0 | 7.3 | 65.9% |
Top Suppliers of Prefabricated Buildings of Wood to Latvia in 2022:
- Belarus (173.0 units)
- Lithuania (82.0 units)
- Estonia (79.0 units)
- Finland (65.0 units)
- Russia (14.0 units)
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