The Kaolin and Kaolinic Clays market in Latvia saw a growth trend from 2013 to 2023, with the market size rising from 7.8832 million USD in 2013 to 8.6284 million USD in 2023. The year-on-year growth rates fluctuated, with a notable increase of 8.42% in 2019 and a decline in 2015 and 2020. Over the last five years, from 2019 to 2023, the market showcased a steady Compound Annual Growth Rate (CAGR) of 3.18%, signifying consistent expansion in market value.
Future trends to watch for:
- Continued growth driven by increased demand in construction, ceramics, and paints industries.
- Potential influence of sustainability trends on production and sourcing.
- Impact of technological advancements in mining and processing on operational efficiency.
- Geopolitical factors and economic policies affecting trade and market stability.
| # | 27 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 1,109,700,000 | 2023 | +3.47% | +1.25% | View data |
| 2 | 2 Japan | 480,070,000 | 2023 | -7.46% | -6.96% | View data |
| 3 | 3 Italy | 376,730,000 | 2023 | -1.16% | -1.67% | View data |
| 4 | 4 Mexico | 287,930,000 | 2023 | +1.49% | +0.74% | View data |
| 5 | 5 Germany | 268,860,000 | 2023 | -6.58% | -6.86% | View data |
| 23 | 23 Costa Rica | 11,665,000 | 2023 | +1.35% | +0.8% | View data |
| 24 | 24 Greece | 9,355,700 | 2023 | +1.69% | +3.08% | View data |
| 25 | 25 Latvia | 8,628,400 | 2023 | +2.4% | +3.18% | |
| 26 | 26 Belarus | 6,029,200 | 2023 | -5.89% | -5.65% | View data |
| 27 | 27 Luxembourg | 824,590 | 2023 | -0.37% | +0.058% | View data |
