Wood windows and frames market in Latvia

Earlier Report Observations

From 2018 to 2019, production of wood windows and frames in Latvia grew, supported by active market players such as 'Flora', 'Mežmaļi+', and 'Kokneses galdniecība', which offered both traditional and innovative products including wood-aluminum windows. The state forest manager 'Latvijas valsts meži' and panel producer 'Kronospan Riga' were also influential in the timber products market. In 2019, seminars on EU and national legislative changes informed the industry about forest management, affecting production. However, in 2020, production declined to 28.9 million US dollars, even as the sector continued to adopt modern technologies like glued constructions and saw rising demand for large glazing in private construction.

Production rebounded sharply in 2021 to 39.3 million US dollars, despite the introduction of new taxes including higher levies on company cars and natural resources, which raised production costs. The growth continued in 2022, reaching 47.3 million US dollars, driven by the expansion of wood-cement panel production by 'CEWOOD' and innovation in window blank manufacturing by 'Latvāņi', which received an industry award. Global factors such as the war in Ukraine and inflation created uncertainty, but state-owned 'Latvijas valsts meži' reported record profits, indicating sector resilience. The EU Timber Regulation was actively implemented, requiring legality checks.

In 2023, production decreased to 42.1 million US dollars amid reduced market concentration on Baltic exchanges and the adoption of a new State Revenue Service law, which altered tax administration. Manufacturers continued to use high-quality materials and multi-layer laminated profiles for energy efficiency. By 2024, production stabilized at 41.8 million US dollars, with the e-commerce market growing, influencing online sales of windows, and inflation leading consumers to choose more budget-friendly products.

Production wood windows and frames in Latvia

In value, 2018-2021, K $ US

In 2021, Latvia's production of wood windows and frames reached 39 284 thousand US dollars, marking a sharp increase of 35.7% compared to the previous year. Over the period from 2018 to 2021, production grew by 21.4%, with an average annual growth rate of 6.7%. The lowest production value was recorded in 2020 at 28 944 thousand US dollars, which also saw the largest decline of 14.7%.

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

Exports wood windows and frames from Latvia

Exports in kind, t

In 2021, Latvia's exports of wood windows and frames totaled 3 958 tonnes, representing a significant year-on-year increase of 42.5%. From 2018 to 2021, exports rose by 38.7%, corresponding to an average annual growth rate of 11.5%. The lowest export volume was recorded in 2020 at 2 778 tonnes, which also experienced the largest decline of 4.7%.

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

Between 2018 and 2021, three key markets—Sweden, the United Kingdom, and Iceland—collectively accounted for 56.7% of Latvia's total exports of wood windows and frames in volume terms.

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

After two years of decline, Latvia's exports of wood windows and frames rebounded in 2021, reaching 33 072 thousand US dollars. This represents a substantial increase of 51.1% compared to 2020. Over the 2018-2021 period, exports grew by 38%, with an average annual growth rate of 11.3%. The lowest export value was recorded in 2020 at 21 891 thousand US dollars, while the largest decline occurred in 2019 at 5.9%.

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

From 2018 to 2021, three principal markets—the United Kingdom, Sweden, and Iceland—together made up 63.8% of Latvia's total exports of wood windows and frames in value terms.

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 windows and frames to Latvia

Imports in kind, t

In 2021, Latvia imported 1 001 tonnes of wood windows and frames, which is 25.0% higher than in 2020. Over the 2018-2021 period, imports increased by 20%, corresponding to an average annual growth rate of 6.3%. The lowest import volume was recorded in 2020 at 1 001 tonnes, while the highest was in 2019 at 1 298 tonnes. The largest decline occurred in 2020, with a drop of 22.9%.

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

During 2018-2021, Hungary (33.8% of imports in volume), Poland (22.7% of imports in volume), and Germany (13.7% of imports in volume) consistently led as the top sources for Latvia's imports of wood windows and frames, jointly accounting for 70.2% of total import flows.

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

In 2021, Latvia imported wood windows and frames worth 5 834 thousand US dollars, showing a sharp increase of 43.4% compared to 2020. From 2018 to 2021, imports grew by 19.7%, with an average annual growth rate of 6.2%. The lowest import value was recorded in 2020 at 4 067 thousand US dollars, while the highest was in 2019 at 5 836 thousand US dollars. The largest decline occurred in 2020, with a drop of 30.3%.

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

Over the 2018-2021 period, Poland (25.3% of imports in value), Hungary (24.1% of imports in value), and Germany (13.6% of imports in value) emerged as the main markets for Latvia's imports of wood windows and frames in value terms, together representing 63.0% of total import flows.

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

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