Latvia - Flat-Rolled Products of Silicon-Electrical Steel - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLatvia: Market for Flat-Rolled Products Of Silicon-Electrical Steel 2024
Market Size for Flat-Rolled Products Of Silicon-Electrical Steel in Latvia
In 2023, after three years of growth, there was significant decline in the Latvian silicon-electrical steel flat-rolled product market, when its value decreased by X% to $X. Over the period under review, consumption continues to indicate a mild contraction. As a result, consumption attained the peak level of $X, and then reduced remarkably in the following year.
Production of Flat-Rolled Products Of Silicon-Electrical Steel in Latvia
In value terms, silicon-electrical steel flat-rolled product production declined to $X in 2023 estimated in export price. In general, production, however, recorded a significant expansion. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. Silicon-electrical steel flat-rolled product production peaked at $X in 2016; however, from 2017 to 2023, production failed to regain momentum.
Exports of Flat-Rolled Products Of Silicon-Electrical Steel
Exports from Latvia
In 2020, overseas shipments of flat-rolled products of silicon-electrical steel decreased by X% to X tons, falling for the fourth year in a row after two years of growth. Overall, exports saw a sharp decrease. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2020, the exports stood at a somewhat lower figure.
In value terms, silicon-electrical steel flat-rolled product exports declined markedly to $X in 2020. Over the period under review, exports continue to indicate a sharp setback. The growth pace was the most rapid in 2017 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2020, the exports stood at a somewhat lower figure.
Exports by Country
Estonia (X tons) was the main destination for silicon-electrical steel flat-rolled product exports from Latvia, with a approx. X% share of total exports.
From 2012 to 2020, the average annual rate of growth in terms of volume to Estonia totaled X%.
In value terms, Estonia ($X) also remains the key foreign market for flat-rolled products of silicon-electrical steel exports from Latvia.
From 2012 to 2020, the average annual growth rate of value to Estonia stood at X%.
Export Prices by Country
In 2020, the average silicon-electrical steel flat-rolled product export price amounted to $X per ton, waning by X% against the previous year. In general, the export price showed a pronounced contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2020, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Estonia.
From 2012 to 2020, the rate of growth in terms of prices for Poland amounted to X% per year.
Imports of Flat-Rolled Products Of Silicon-Electrical Steel
Imports into Latvia
After two years of growth, supplies from abroad of flat-rolled products of silicon-electrical steel decreased by X% to X tons in 2023. In general, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.
In value terms, silicon-electrical steel flat-rolled product imports fell dramatically to $X in 2023. Overall, imports showed a deep reduction. The pace of growth was the most pronounced in 2017 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.
Imports by Country
In 2023, Romania (X tons) constituted the largest supplier of silicon-electrical steel flat-rolled product to Latvia, accounting for a X% share of total imports. Moreover, silicon-electrical steel flat-rolled product imports from Romania exceeded the figures recorded by the second-largest supplier, Poland (X tons), tenfold. The third position in this ranking was taken by Slovenia (X tons), with a X% share.
From 2012 to 2023, the average annual rate of growth in terms of volume from Romania totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Slovenia (X% per year).
In value terms, Romania ($X) constituted the largest supplier of flat-rolled products of silicon-electrical steel to Latvia, comprising X% of total imports. The second position in the ranking was held by the Czech Republic ($X), with an X% share of total imports. It was followed by Poland, with a X% share.
From 2012 to 2023, the average annual growth rate of value from Romania stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and Poland (X% per year).
Import Prices by Country
In 2023, the average silicon-electrical steel flat-rolled product import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price continues to indicate strong growth. The pace of growth appeared the most rapid in 2020 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2023 and is likely to continue growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Romania (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for silicon-electrical steel flat-rolled product 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 24105310 - Electrical sheet and strip, grain oriented of a width of .600 mm or more
- Prodcom 24105330 - Flat-rolled products of silicon-electrical steel, of a width . .600 mm, non-grain-oriented
- Prodcom 24105410 - Electrical cold-rolled slit strip, grain oriented, in silicon-alloy steel, of a width of < .600 mm
- Prodcom 24105430 - Flat-rolled products of silicon-electrical steel, of a width < .600 mm, non-grain-oriented
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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