Granite Building Stone Price in Latvia - 2023
Contents:
- Granite Building Stone Price in Latvia (CIF) - 2022
- Granite Building Stone Price in Latvia (FOB) - 2022
- Granite Building Stone Imports in Latvia
- Granite Building Stone Exports in Latvia
Granite Building Stone Price in Latvia (CIF) - 2022
The average granite building stone import price stood at $955 per ton in 2022, surging by 15% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, granite building stone import price increased by +86.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 31% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.
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 the UK ($2,768 per ton), while the price for Ukraine ($322 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Granite Building Stone Price in Latvia (FOB) - 2022
In 2022, the average granite building stone export price amounted to $4,657 per ton, jumping by 36% against the previous year. Overall, the export price posted a remarkable increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 136%. As a result, the export price attained the peak level of $4,861 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($7,537 per ton), while the average price for exports to Turkey ($2,215 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.
Granite Building Stone Imports in Latvia
In 2022, after two years of decline, there was significant growth in purchases abroad of granite building stone, when their volume increased by 29% to 2.8K tons. Overall, imports, however, recorded a abrupt setback.
In value terms, granite building stone imports surged to $2.7M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +10.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Granite Building Stone in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 907 | 630 | 654 | 946 | 1.4% |
| India | 576 | 570 | 471 | 930 | 17.3% |
| Estonia | 169 | 263 | 296 | 290 | 19.7% |
| United Kingdom | 0.7 | N/A | N/A | 180 | 535.9% |
| Brazil | N/A | 32.1 | 76.0 | 115 | 89.3% |
| Lithuania | 90.2 | 123 | 108 | 102 | 4.2% |
| Ukraine | 31.7 | 28.3 | 42.2 | 54.1 | 19.5% |
| Others | 219 | 222 | 184 | 88.8 | -26.0% |
| Total | 1,995 | 1,869 | 1,831 | 2,707 | 10.7% |
Top Suppliers of Granite Building Stone to Latvia in 2022:
- India (1158.2 tons)
- China (1008.5 tons)
- Brazil (208.4 tons)
- Ukraine (167.9 tons)
- Estonia (124.5 tons)
- United Kingdom (65.2 tons)
- Lithuania (42.5 tons)
Granite Building Stone Exports in Latvia
In 2022, overseas shipments of granite building stone decreased by -64.2% to 14 tons, falling for the second consecutive year after two years of growth. Overall, exports, however, enjoyed a slight expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 259%. As a result, the exports reached the peak of 49 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, granite building stone exports reduced sharply to $66K in 2022. Over the period under review, exports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 243%. As a result, the exports reached the peak of $144K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Granite Building Stone in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 10.0 | 12.2 | 18.8 | 27.2 | 39.6% |
| Russia | 0.2 | 102 | 89.6 | 17.2 | 341.4% |
| Lithuania | 6.4 | 7.2 | 6.6 | 7.6 | 5.9% |
| Turkey | N/A | N/A | N/A | 6.7 | 0% |
| Norway | N/A | 0.1 | N/A | 6.5 | 706.2% |
| Sweden | N/A | 21.1 | 20.6 | 0.7 | -81.8% |
| Germany | 21.0 | N/A | N/A | N/A | 0% |
| Others | 4.5 | 1.4 | N/A | 0.3 | -59.5% |
| Total | 42.0 | 144 | 136 | 66.2 | 16.4% |
Top Export Markets for Granite Building Stone from Latvia in 2022:
- Estonia (5.0 tons)
- Russia (3.7 tons)
- Turkey (3.0 tons)
- Lithuania (1.5 tons)
- Norway (0.9 tons)
- Sweden (0.1 tons)
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