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Latvia - Saw Logs And Veneer Logs (Coniferous) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Saw Logs and Veneer Logs (Coniferous) in Latvia - 2023
Contents:
- Price for Saw Logs and Veneer Logs (Coniferous) in Latvia (CIF) - 2023
- Price for Saw Logs and Veneer Logs (Coniferous) in Latvia (FOB) - 2023
- Imports of Saw Logs and Veneer Logs (Coniferous) in Latvia
- Exports of Saw Logs and Veneer Logs (Coniferous) in Latvia
Price for Saw Logs and Veneer Logs (Coniferous) in Latvia (CIF) - 2023
The average import price for saw logs and veneer logs (coniferous) stood at $60.4 per cubic meter in September 2023, falling by -2.7% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 when the average import price increased by 9.5% m-o-m. As a result, import price attained the peak level of $69.1 per cubic meter. From January 2023 to September 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Sweden ($223 per cubic meter), while the price for Lithuania ($58.0 per cubic meter) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Sweden (+10.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Saw Logs and Veneer Logs (Coniferous) in Latvia (FOB) - 2023
The average export price for saw logs and veneer logs (coniferous) stood at $59.5 per cubic meter in September 2023, with an increase of 6.4% against the previous month. In general, the export price, however, saw a mild descent. The pace of growth was the most pronounced in March 2023 when the average export price increased by 17% against the previous month. The export price peaked at $77.7 per cubic meter in April 2023; however, from May 2023 to September 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major overseas markets. In September 2023, the highest price was recorded for prices to Estonia ($73.6 per cubic meter) and China ($60.7 per cubic meter), while the average price for exports to Finland ($54.0 per cubic meter) and Sweden ($54.3 per cubic meter) 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 Finland (+1.1%), while the prices for the other major destinations experienced a decline.
Imports of Saw Logs and Veneer Logs (Coniferous) in Latvia
In 2022, the amount of saw logs and veneer logs (coniferous) imported into Latvia rose significantly to 2.6M cubic meters, surging by 5.8% against 2021. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +16.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 34% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of saw logs and veneer logs (coniferous) rose notably to $171M in 2022. Overall, imports posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 88%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.
Import of Saw Logs and Veneer Logs (Coniferous) in Latvia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lithuania | 61.4 | 55.6 | 93.6 | 64.8 | 1.8% |
Norway | 11.8 | 14.8 | 41.9 | 58.4 | 70.4% |
Sweden | 2.1 | 5.8 | 11.3 | 32.7 | 149.7% |
Estonia | 4.6 | 4.3 | 4.5 | 5.4 | 5.5% |
Finland | 0.7 | 0.1 | 3.3 | 3.7 | 74.2% |
Germany | 0.3 | 3.4 | 3.1 | 3.4 | 124.6% |
Others | 1.8 | 0.7 | 1.5 | 2.3 | 8.5% |
Total | 82.7 | 84.8 | 159 | 171 | 27.4% |
Top Suppliers of Saw Logs and Veneer Logs (Coniferous) to Latvia in 2022:
- Norway (958.4K cubic meters)
- Lithuania (901.5K cubic meters)
- Sweden (500.1K cubic meters)
- Germany (78.6K cubic meters)
- Finland (59.7K cubic meters)
- Estonia (49.1K cubic meters)
Exports of Saw Logs and Veneer Logs (Coniferous) in Latvia
In 2022, the amount of saw logs and veneer logs (coniferous) exported from Latvia shrank to 1.5M cubic meters, waning by -6.7% compared with 2021. In general, exports showed a slight decline. The most prominent rate of growth was recorded in 2021 when exports increased by 17%. As a result, the exports attained the peak of 1.6M cubic meters, and then declined in the following year.
In value terms, exports of saw logs and veneer logs (coniferous) surged to $96M in 2022. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +12.9% 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 +90.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 46%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
Export of Saw Logs and Veneer Logs (Coniferous) in Latvia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Estonia | 11.2 | 13.5 | 24.6 | 26.5 | 33.3% |
China | 13.3 | 6.2 | 15.6 | 22.7 | 19.5% |
Finland | 11.1 | 9.3 | 10.8 | 18.1 | 17.7% |
Sweden | 28.2 | 17.2 | 16.9 | 14.3 | -20.3% |
Germany | N/A | 0.5 | 2.4 | 4.4 | 196.6% |
Poland | N/A | N/A | N/A | 3.8 | 0% |
Lithuania | 1.0 | 1.0 | 2.3 | 2.9 | 42.6% |
Others | 2.2 | 2.9 | 0.8 | 3.7 | 18.9% |
Total | 67.0 | 50.5 | 73.5 | 96.4 | 12.9% |
Top Export Markets for Saw Logs and Veneer Logs (Coniferous) from Latvia in 2022:
- Finland (363.5K cubic meters)
- Estonia (307.4K cubic meters)
- China (301.6K cubic meters)
- Sweden (272.1K cubic meters)
- Germany (122.8K cubic meters)
- Poland (92.8K cubic meters)
- Lithuania (32.1K cubic meters)
This report provides an in-depth analysis of the market for saw logs and veneer logs (coniferous) 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:
- FCL 1601 - Sawlogs and veneer logs, coniferous
- FCL 1602 - Pulpwood, round and split, coniferous (production)
- FCL 1623 - Other industrial roundwood, coniferous (production)
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
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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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