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Latvia - Casks, Barrels, Vats, Tubs, And Coopers Products Of Wood - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWood Barrel Price in Latvia - 2023
Contents:
- Wood Barrel Price in Latvia (CIF) - 2022
- Wood Barrel Price in Latvia (FOB) - 2022
- Wood Barrel Imports in Latvia
- Wood Barrel Exports in Latvia
Wood Barrel Price in Latvia (CIF) - 2022
In 2022, the average wood barrel import price amounted to $26 per unit, picking up by 49% against the previous year. In general, the import price showed prominent growth. The most prominent rate of growth was recorded in 2020 an increase of 60% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.
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 Estonia ($63 per unit), while the price for Belarus ($3.9 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+41.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Wood Barrel Price in Latvia (FOB) - 2022
In 2022, the average wood barrel export price amounted to $86 per unit, rising by 12% against the previous year. Overall, the export price continues to indicate significant growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 861%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in years to come.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($349 per unit), while the average price for exports to Kyrgyzstan ($15 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+209.8%), while the prices for the other major destinations experienced more modest paces of growth.
Wood Barrel Imports in Latvia
In 2022, supplies from abroad of casks, barrels, vats, tubs, and coopers products of wood decreased by -37.5% to 17K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 299%. Imports peaked at 28K units in 2021, and then fell dramatically in the following year.
In value terms, wood barrel imports contracted to $461K in 2022. In general, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 537% against the previous year. Over the period under review, imports attained the peak figure at $494K in 2021, and then fell in the following year.
Import of Wood Barrel in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Estonia | 0.1 | 1.3 | 1.5 | 133 | 999.7% |
Russia | 16.2 | 39.7 | 84.5 | 61.2 | 55.7% |
Italy | 0.1 | 134 | 12.7 | 42.1 | 649.5% |
Spain | 0.2 | 4.3 | 85.2 | 27.7 | 417.4% |
Ukraine | 2.4 | 3.0 | 22.0 | 25.2 | 119.0% |
Finland | 8.6 | 18.9 | 17.7 | 21.5 | 35.7% |
Belarus | 4.5 | 25.3 | 30.4 | 8.8 | 25.1% |
Poland | 2.2 | 4.0 | 10.5 | 3.5 | 16.7% |
Germany | 18.2 | 21.0 | N/A | N/A | 15.4% |
Sweden | N/A | N/A | 9.2 | N/A | 0% |
Others | 6.1 | 122 | 221 | 138 | 182.8% |
Total | 58.7 | 374 | 494 | 461 | 98.8% |
Top Suppliers of Wood Barrel to Latvia in 2022:
- Russia (5.9K units)
- Italy (2.4K units)
- Belarus (2.3K units)
- Estonia (2.1K units)
- Finland (1.6K units)
- Spain (0.9K units)
- Ukraine (0.8K units)
- Poland (0.4K units)
Wood Barrel Exports in Latvia
In 2022, approx. 3K units of casks, barrels, vats, tubs, and coopers products of wood were exported from Latvia; declining by -55.7% against 2021. Overall, exports recorded a precipitous decline. The most prominent rate of growth was recorded in 2021 with an increase of 69% against the previous year. The exports peaked at 7.1K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, wood barrel exports plummeted to $263K in 2022. Over the period under review, exports, however, showed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 452% against the previous year. The exports peaked at $530K in 2021, and then reduced markedly in the following year.
Export of Wood Barrel in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | N/A | N/A | N/A | 80.2 | 0% |
Russia | 52.0 | 300 | 223 | 75.5 | 13.2% |
Denmark | N/A | N/A | 181 | 47.6 | -73.7% |
Lithuania | 4.3 | 9.3 | 21.7 | 19.4 | 65.2% |
Kyrgyzstan | N/A | N/A | N/A | 17.8 | 0% |
Armenia | N/A | N/A | N/A | 9.8 | 0% |
Estonia | N/A | 1.8 | 7.0 | 7.2 | 100.0% |
Australia | N/A | N/A | 96.9 | N/A | 0% |
Others | 0.1 | 0.3 | N/A | 5.2 | 273.3% |
Total | 56.4 | 311 | 530 | 263 | 67.1% |
Top Export Markets for Wood Barrel from Latvia in 2022:
- Kyrgyzstan (1203.0 units)
- Armenia (646.0 units)
- Denmark (355.0 units)
- Russia (307.0 units)
- Germany (230.0 units)
- Estonia (100.0 units)
- Lithuania (98.0 units)
This report provides an in-depth analysis of the wood barrel 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 16241200 - Casks, barrels, vats, tubs, and coopers products and parts thereof of wood (including staves)
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
This report provides an in-depth analysis of the wood barrel market in Latvia.
This report provides an in-depth analysis of the market for wooden case and box in Latvia.
This report provides an in-depth analysis of the global wood barrel market.
This report provides an in-depth analysis of the global market for wooden case and box.
This report provides an in-depth analysis of the wood barrel market in Latvia.
This report provides an in-depth analysis of the global wood barrel market.
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