Price for Wood; Statuettes and Other Ornaments of Wood in Latvia - 2022
Contents:
- Price for Wood; Statuettes and Other Ornaments of Wood in Latvia (FOB) - 2022
- Price for Wood; Statuettes and Other Ornaments of Wood in Latvia (CIF) - 2022
- Exports of Wood; Statuettes and Other Ornaments of Wood in Latvia
- Imports of Wood; Statuettes and Other Ornaments of Wood in Latvia
Price for Wood; Statuettes and Other Ornaments of Wood in Latvia (FOB) - 2022
The average export price for wood; statuettes and other ornaments of wood stood at $33,605 per ton in December 2021, surging by 53% against the previous month. Over the period under review, the export price saw strong growth. The pace of growth appeared the most rapid in May 2021 an increase of 99% m-o-m. Over the period under review, the average export prices reached the maximum in December 2021.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($51,800 per ton), while the average price for exports to Estonia ($7,297 per ton) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Wood; Statuettes and Other Ornaments of Wood in Latvia (CIF) - 2022
In 2022, the average import price for wood; statuettes and other ornaments of wood amounted to $8,832 per ton, growing by 6% against the previous year. Over the period under review, the import price, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2017 an increase of 86% against the previous year. Over the period under review, average import prices attained the maximum at $14,482 per ton in 2012; however, from 2013 to 2022, 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 Denmark ($11,184 per ton), while the price for Italy ($6,294 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+8.3%), while the prices for the other major suppliers experienced a decline.
Exports of Wood; Statuettes and Other Ornaments of Wood in Latvia
In 2022, after three years of growth, there was significant decline in overseas shipments of wood; statuettes and other ornaments of wood, when their volume decreased by -18.5% to 24 tons. Over the period under review, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 249%.
In value terms, exports of wood; statuettes and other ornaments of wood fell remarkably to $379K in 2022. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 314% against the previous year. As a result, the exports reached the peak of $610K, and then reduced rapidly in the following year.
| Export of Wood; Statuettes and Other Ornaments of Wood in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 6.8 | 3.1 | 386 | 283 | 246.5% |
| Russia | 15.6 | 33.9 | 74.1 | 54.4 | 51.6% |
| Lithuania | 14.0 | 51.8 | 22.2 | 21.2 | 14.8% |
| Estonia | 8.8 | 33.4 | 22.0 | 16.2 | 22.6% |
| Belarus | 1.5 | 13.2 | 0.7 | 3.7 | 35.1% |
| South Korea | N/A | N/A | 11.8 | N/A | 0% |
| Poland | N/A | N/A | 31.2 | N/A | 0% |
| Others | 5.6 | 11.9 | 61.8 | N/A | 232.2% |
| Total | 52.2 | 147 | 610 | 379 | 93.6% |
Top Export Markets for Wood; Statuettes and Other Ornaments of Wood from Latvia in 2022:
- Germany (9.1 tons)
- Russia (7.6 tons)
- Lithuania (4.3 tons)
- Estonia (2.6 tons)
- Belarus (0.3 tons)
Imports of Wood; Statuettes and Other Ornaments of Wood in Latvia
In 2022, overseas purchases of wood; statuettes and other ornaments of wood decreased by -10.5% to 41 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +7.0% over the period 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 2020 with an increase of 21%.
In value terms, imports of wood; statuettes and other ornaments of wood reduced to $359K in 2022. The total import value increased at an average annual rate of +12.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 34%.
| Import of Wood; Statuettes and Other Ornaments of Wood in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 19.1 | 85.8 | 94.1 | 85.6 | 64.9% |
| Poland | 72.6 | 78.0 | 89.5 | 81.4 | 3.9% |
| Netherlands | 32.6 | 40.9 | 50.8 | 46.2 | 12.3% |
| Germany | 24.1 | 38.2 | 35.6 | 32.4 | 10.4% |
| Russia | 6.8 | 9.0 | 21.8 | 19.8 | 42.8% |
| Lithuania | 33.8 | 14.1 | 6.7 | 16.3 | -21.6% |
| Denmark | 10.5 | 11.2 | 17.5 | 15.9 | 14.8% |
| Estonia | 2.7 | 5.0 | 10.8 | 9.8 | 53.7% |
| Italy | 0.9 | 2.9 | 9.8 | 8.9 | 114.6% |
| Finland | 5.1 | 8.6 | 8.3 | 7.5 | 13.7% |
| Czech Republic | 2.0 | 7.7 | 1.8 | 3.4 | 19.3% |
| Indonesia | 1.2 | 5.0 | N/A | N/A | 316.7% |
| Others | 42.6 | 32.8 | 31.8 | 31.7 | -9.4% |
| Total | 254 | 339 | 378 | 359 | 12.2% |
Top Suppliers of Wood; Statuettes and Other Ornaments of Wood to Latvia in 2022:
- China (11.1 tons)
- Poland (10.2 tons)
- Netherlands (5.0 tons)
- Germany (2.9 tons)
- Lithuania (2.5 tons)
- Russia (1.8 tons)
- Italy (1.4 tons)
- Denmark (1.4 tons)
- Estonia (1.2 tons)
- Finland (0.7 tons)
- Czech Republic (0.6 tons)
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