Latvia - Glass Stoppers, Lids and Other Closures - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGlass Closure Price in Latvia - 2023
Contents:
- Glass Closure Price in Latvia (CIF) - 2022
- Glass Closure Price in Latvia (FOB) - 2022
- Glass Closure Imports in Latvia
- Glass Closure Exports in Latvia
Glass Closure Price in Latvia (CIF) - 2022
The average glass closure import price stood at $6,223 per ton in 2022, waning by -3.6% against the previous year. In general, the import price, however, posted a buoyant increase. The pace of growth was the most pronounced in 2014 an increase of 134%. The import price peaked at $7,073 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($9,874 per ton), while the price for China ($4,310 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Glass Closure Price in Latvia (FOB) - 2022
The average glass closure export price stood at $6,049 per ton in 2022, picking up by 18% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 31%. The export price peaked at $6,547 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($9,667 per ton), while the average price for exports to Ukraine ($4,279 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+24.1%), while the prices for the other major destinations experienced more modest paces of growth.
Glass Closure Imports in Latvia
After three years of growth, supplies from abroad of glass stoppers, lids and other closures decreased by -40.8% to 35 tons in 2022. In general, imports saw a noticeable contraction. The pace of growth was the most pronounced in 2021 with an increase of 32%. As a result, imports reached the peak of 60 tons, and then contracted rapidly in the following year.
In value terms, glass closure imports dropped rapidly to $220K in 2022. Over the period under review, imports, however, showed prominent growth. The pace of growth was the most pronounced in 2020 with an increase of 90% against the previous year.
| Import of Glass Closure in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 57.4 | 54.0 | 107 | 58.9 | 0.9% |
| Germany | 20.2 | 39.5 | 113 | 49.6 | 34.9% |
| Poland | 53.9 | 61.1 | 33.7 | 35.9 | -12.7% |
| Lithuania | 2.9 | 3.5 | 52.5 | 34.2 | 127.6% |
| Romania | N/A | N/A | 15.2 | 22.2 | 46.1% |
| Slovenia | N/A | 18.4 | 30.7 | 10.0 | -26.3% |
| Italy | 20.0 | 18.6 | 19.0 | 2.8 | -48.1% |
| Others | 13.7 | 124 | 14.7 | 6.2 | -23.2% |
| Total | 168 | 320 | 385 | 220 | 9.4% |
Top Suppliers of Glass Closure to Latvia in 2022:
- China (13.7 tons)
- Poland (6.3 tons)
- Romania (5.0 tons)
- Germany (5.0 tons)
- Lithuania (3.6 tons)
- Slovenia (1.1 tons)
- Italy (0.3 tons)
Glass Closure Exports in Latvia
After three years of growth, overseas shipments of glass stoppers, lids and other closures decreased by -48.4% to 9.3 tons in 2022. Overall, exports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 88%. As a result, the exports attained the peak of 18 tons, and then declined sharply in the following year.
In value terms, glass closure exports declined sharply to $56K in 2022. Over the period under review, exports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 69% against the previous year. As a result, the exports attained the peak of $93K, and then dropped sharply in the following year.
| Export of Glass Closure in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 7.1 | 11.2 | 23.3 | 24.5 | 51.1% |
| Czech Republic | N/A | N/A | N/A | 9.0 | 0% |
| Poland | 3.2 | N/A | 6.0 | 6.5 | 26.6% |
| Belarus | 9.1 | 10.8 | 7.9 | 5.3 | -16.5% |
| Lithuania | 7.2 | 7.3 | 11.3 | 5.0 | -11.4% |
| Moldova | 1.4 | 1.0 | 2.2 | 2.3 | 18.0% |
| Ukraine | 3.7 | 7.2 | 7.7 | 2.1 | -17.2% |
| Russia | 1.1 | 16.8 | 15.8 | 1.6 | 13.3% |
| Others | N/A | 0.8 | 18.9 | N/A | 2262.5% |
| Total | 32.8 | 55.0 | 93.0 | 56.4 | 19.8% |
Top Export Markets for Glass Closure from Latvia in 2022:
- Estonia (4.3 tons)
- Czech Republic (1.2 tons)
- Belarus (1.1 tons)
- Poland (1.1 tons)
- Ukraine (0.5 tons)
- Lithuania (0.5 tons)
- Moldova (0.5 tons)
- Russia (0.1 tons)
This report provides an in-depth analysis of the glass closure market in Latvia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 23131110 - Glass preserving jars, stoppers, lids and other closures (including stoppers and closures of any material presented with the containers for which they are intended)
Country coverage:
- Latvia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Latvia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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