Wood doors, their frames and thresholds market in Latvia

Earlier Report Observations

The market size for wood doors, their frames and thresholds in Latvia was 47 721 thousand USD in 2018, then fell to 22 376 thousand USD in 2019 before recovering to 25 970 thousand USD in 2020.

From 2021, micro-enterprise tax changes affected the business environment for producers and traders. In 2022, the EU timber regulation banning imports of wood and wood products from Russia and Belarus directly disrupted supply chains, coinciding with a drop in imports to 19 766 thousand USD. Simultaneously, new fire door requirements for public buildings and a standardized project for wooden constructions in multi-apartment buildings stimulated demand for compliant products.

Wood price fluctuations in 2023 influenced costs and trade flows. Subsequently, the growth of the wooden frame house market and regulatory amendments permitting broader use of wood in construction with appropriate fire safety systems supported demand for wood doors and their components. Proposed revisions to allowable logging volumes by 2030 highlighted long-term factors affecting raw material availability.

Production wood doors, their frames and thresholds in Latvia

In value, 2018-2021, K $ US

In 2019, Latvia's production of wood doors, frames, and thresholds reached its lowest value at 70 300 thousand US dollars. The following year, in 2020, output surged to 80 716 thousand US dollars, marking a significant 14.8% increase year-over-year. Notably, 2019 also saw the largest decline in production value, which dropped by 12.2%.

Annual dynamics of production in Latvia in value, 2018-2021, K $ US

Exports wood doors, their frames and thresholds from Latvia

Exports in kind, t

Latvia's exports of wood doors, frames, and thresholds have grown for three consecutive years. In 2021, shipments reached 16 959 tonnes, up 15.6% from the previous year. Looking at the broader period from 2018 to 2021, exports expanded by 92.2%, translating to an average annual growth rate of 24.3%.

Annual dynamics of product's exports from Latvia in kind, 2018-2021, t

From 2018 to 2021, Sweden was the leading destination for Latvia's exports of wood doors, frames, and thresholds in volume terms, accounting for 48.5% of the total. Denmark followed with 13.4%, and Estonia with 11.0%. Together, these three countries represented 73.0% of all export flows.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Latvia in kind, 2018-2021

Exports in value, K $ US

Latvia's export value for wood doors, frames, and thresholds has risen for the third year in a row. In 2021, exports totaled 93 667 thousand US dollars, a 23.0% increase compared to 2020. Over the four-year span from 2018 to 2021, export value grew by 85.1%, with a compound annual growth rate of 22.8%.

Annual dynamics of product's exports from Latvia in value, 2018-2021, K $ US

Between 2018 and 2021, Sweden dominated Latvia's export value for wood doors, frames, and thresholds, making up 52.9% of the total. Finland contributed 9.8%, and Denmark 9.1%. Combined, these three markets accounted for 71.7% of Latvia's total export value in this category.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Latvia in value, 2018-2021

Imports wood doors, their frames and thresholds to Latvia

Imports in kind, t

Latvia's imports of wood doors, frames, and thresholds have increased for three straight years. In 2021, imports stood at 9 874 tonnes, showing a strong 15.2% year-over-year rise. From 2018 to 2021, import volume grew by 42.2%, averaging an annualized rate of 12.5%.

Annual dynamics of product's imports to Latvia in kind, 2018-2021, t

During the period from 2018 to 2021, Estonia, Belarus, and Ukraine were the primary sources for Latvia's imports of wood doors, frames, and thresholds in volume terms. Together, they supplied 81.4% of the total import volume.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Latvia in kind, 2018-2021

Imports in value, K $ US

Latvia's import value for wood doors, frames, and thresholds has climbed for the third consecutive year. In 2021, imports amounted to 27 996 thousand US dollars, a substantial 30.8% increase from the previous year. Over the 2018-2021 period, import value rose by 53.4%, with a compound annual growth rate of 15.3%.

Annual dynamics of product's imports to Latvia in value, 2018-2021, K $ US

From 2018 to 2021, Estonia, Belarus, and Denmark were the key markets for Latvia's imports of wood doors, frames, and thresholds in value terms. Collectively, they accounted for 75.9% of the total import value.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Latvia in value, 2018-2021