Baltic Export, EU – Baltic States, Latvia, Markets and Companies, Woodwork
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Friday, 29.03.2024, 14:21
Forest industry exports continue to show moderate growth in Latvia
Timber and timber products made up the bulk or 86.3% of total forest product exports in the first quarter of 2016 (85.3% in Q1, 2015), accounting for EUR 463.813 million and growing 8.2% year-on-year.
Timber exports in January-March this year included EUR 129.788 million worth of sawn timber, down 9.5% year-on-year and accounting for 24.1% of total forest industry exports. Firewood exports rose 7.9% to EUR 81.014 million and made up 15.1% of total Latvian forest industry exports. Round timber exports fell 27.9% to EUR 34.012 million, accounting for 6.3% of total forest exports.
Exports of wooden furniture slowed 3.8% year-on-year to EUR 32.805 million, accounting for 6.1% of total forest product exports (6.8% in Q1, 2015), and exports of paper, cardboard and their products rose 7.1% to EUR 29.401 million, making up 5.5% of total exports in the first three months of 2016 (5.5% in Q1, 2015).
In January-March 2016, Latvia supplied its forest products mainly to the UK (17.9%), Sweden (11.8%) and Germany (9.9%). As compared to the first quarter of 2015, forest industry exports to the UK grew 12.4% to EUR 96.056 million, exports to Sweden increased 40.3% to EUR 63.203 million, and exports to Germany rose 7.2% to EUR 53.32 million.
In the first quarter of 2015, Latvia exported EUR 502.781 million worth of forest industry products.