Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Latvia - 2023

Contents:

1. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Latvia (CIF) - 2023
2. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Latvia (FOB) - 2022
3. Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Latvia
4. Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Latvia

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Latvia (CIF) - 2023

In October 2023, the average import price for millstones, grindstones, grinding wheels and the like; of natural stones amounted to $538 per thousand units, increasing by 207% against the previous month. In general, the import price continues to indicate buoyant growth. The most prominent rate of growth was recorded in January 2023 an increase of 889% against the previous month. As a result, import price reached the peak level of $1.5 per unit. From February 2023 to October 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Estonia ($1.5 per unit), while the price for Poland ($114 per thousand units) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Italy (+148.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Latvia (FOB) - 2022

In 2022, the average export price for millstones, grindstones, grinding wheels and the like; of natural stones amounted to $2.6 per unit, with a decrease of -6.8% against the previous year. In general, the export price, however, continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2021 an increase of 228% against the previous year. As a result, the export price attained the peak level of $2.8 per unit, and then shrank in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($5.5 per unit), while the average price for exports to Estonia ($0.5 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 Belarus (+35.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Latvia

Imports of millstones, grindstones, grinding wheels and the like; of natural stones into Latvia soared to 8.1M units in 2022, picking up by 125% on the previous year's figure. Over the period under review, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of millstones, grindstones, grinding wheels and the like; of natural stones soared to $1.1M in 2022. Overall, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone to Latvia in 2022:

1. Estonia (8.0M units)

Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Latvia

After three years of growth, overseas shipments of millstones, grindstones, grinding wheels and the like; of natural stones decreased by -99% to 95 units in 2022. Overall, exports saw a sharp decline. The growth pace was the most rapid in 2021 when exports increased by 516%. As a result, the exports attained the peak of 9.3K units, and then dropped significantly in the following year.

In value terms, exports of millstones, grindstones, grinding wheels and the like; of natural stones declined dramatically to $248 in 2022. Over the period under review, exports saw a precipitous decline. The most prominent rate of growth was recorded in 2021 with an increase of 1,919% against the previous year. As a result, the exports attained the peak of $26K, and then fell notably in the following year.

Top Export Markets for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone from Latvia in 2022:

1. Estonia (42.0 units)
2. Lithuania (27.0 units)
3. Russia (26.0 units)

Source: IndexBox Market Intelligence Platform