Latvia - Plastic Fittings For Furniture - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPlastic Furniture Fittings Price in Latvia - 2023
Contents:
- Plastic Furniture Fittings Price in Latvia (CIF) - 2023
- Plastic Furniture Fittings Price in Latvia (FOB) - 2022
- Plastic Furniture Fittings Imports in Latvia
- Plastic Furniture Fittings Exports in Latvia
Plastic Furniture Fittings Price in Latvia (CIF) - 2023
The average plastic furniture fittings import price stood at $14,575 per ton in September 2023, falling by -2.8% against the previous month. In general, the import price continues to indicate a mild slump. The most prominent rate of growth was recorded in January 2023 an increase of 33% m-o-m. The import price peaked at $20,093 per ton in February 2023; however, from March 2023 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Poland ($23,601 per ton), while the price for China ($4,162 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Poland (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Plastic Furniture Fittings Price in Latvia (FOB) - 2022
In 2022, the average plastic furniture fittings export price amounted to $12,955 per ton, waning by -20% against the previous year. Over the period under review, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic furniture fittings export price increased by +37.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 71%. As a result, the export price attained the peak level of $16,184 per ton, and then shrank markedly in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($43,644 per ton), while the average price for exports to Denmark ($3,027 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 Sweden (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.
Plastic Furniture Fittings Imports in Latvia
In 2022, overseas purchases of plastic fittings for furniture decreased by -26.6% to 639 tons, falling for the second consecutive year after two years of growth. In general, total imports indicated a measured expansion from 2019 to 2022: its volume increased at an average annual rate of +4.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -27.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 56%. As a result, imports attained the peak of 880 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, plastic furniture fittings imports contracted to $10M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +16.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 58% against the previous year.
Import of Plastic Furniture Fittings in Latvia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 2.9 | 5.7 | 6.6 | 6.6 | 31.5% |
Poland | 0.8 | 1.4 | 2.2 | 1.0 | 7.7% |
Lithuania | 0.4 | 0.5 | 0.6 | 0.5 | 7.7% |
China | 0.1 | 0.3 | 0.5 | 0.5 | 71.0% |
Italy | 0.1 | 0.2 | 0.3 | 0.4 | 58.7% |
Turkey | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
Denmark | 0.2 | 0.2 | 0.3 | 0.1 | -20.6% |
Others | 1.9 | 1.9 | 1.4 | 1.3 | -11.9% |
Total | 6.6 | 10.4 | 12.0 | 10.4 | 16.4% |
Top Suppliers of Plastic Furniture Fittings to Latvia in 2022:
- Germany (374.3 tons)
- China (52.7 tons)
- Lithuania (52.0 tons)
- Poland (48.1 tons)
- Denmark (36.6 tons)
- Turkey (15.9 tons)
- Italy (11.8 tons)
Plastic Furniture Fittings Exports in Latvia
In 2022, shipments abroad of plastic fittings for furniture decreased by -4.2% to 172 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 133% against the previous year. As a result, the exports attained the peak of 183 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, plastic furniture fittings exports declined rapidly to $2.2M in 2022. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 67%. As a result, the exports reached the peak of $2.9M, and then contracted sharply in the following year.
Export of Plastic Furniture Fittings in Latvia (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 97.6 | 666 | 617 | 913 | 110.7% |
Germany | 139 | 23.7 | 496 | 372 | 38.8% |
Lithuania | 158 | 162 | 201 | 193 | 6.9% |
Estonia | 135 | 122 | 188 | 187 | 11.5% |
Sweden | 167 | 476 | 994 | 175 | 1.6% |
Spain | 1.1 | 3.4 | 4.0 | 26.5 | 188.8% |
Romania | 97.1 | 33.3 | 14.8 | 12.9 | -49.0% |
Denmark | 33.0 | 27.5 | 7.3 | 6.6 | -41.5% |
Uzbekistan | 104 | 17.3 | 46.0 | 2.0 | -73.2% |
Others | 204 | 200 | 331 | 334 | 17.9% |
Total | 1,136 | 1,731 | 2,899 | 2,223 | 25.1% |
Top Export Markets for Plastic Furniture Fittings from Latvia in 2022:
- Russia (92.5 tons)
- Germany (27.1 tons)
- Lithuania (16.7 tons)
- Estonia (9.4 tons)
- Spain (5.3 tons)
- Sweden (4.0 tons)
- Denmark (2.2 tons)
- Romania (2.0 tons)
- Uzbekistan (0.1 tons)
This report provides an in-depth analysis of the plastic furniture fittings 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 22292610 - Plastic fittings for furniture, coachwork or the like
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
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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
This report provides an in-depth analysis of the plastic furniture fittings market in Latvia.
This report provides an in-depth analysis of the office supply market in Latvia.
This report provides an in-depth analysis of the plastic ornamental articles market in Latvia.
This report provides an in-depth analysis of the global plastic furniture fittings market.
This report provides an in-depth analysis of the global office supply market.
This report provides an in-depth analysis of the global plastic ornamental articles market.
This report provides an in-depth analysis of the plastic furniture fittings market in Latvia.
This report provides an in-depth analysis of the office supply market in Latvia.
This report provides an in-depth analysis of the plastic ornamental articles market in Latvia.
This report provides an in-depth analysis of the global plastic furniture fittings market.
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