Report Update: Apr 1, 2024

Latvia - Plastics Household Articles And Toilet Articles - Market Analysis, Forecast, Size, Trends and Insights

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Plastic Household Ware Price in Latvia - 2023

Plastic Household Ware Price in Latvia (CIF) - 2023

The average plastic household ware import price stood at $6,011 per ton in September 2023, therefore, remained relatively stable against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 an increase of 18% m-o-m. The import price peaked at $6,716 per ton in July 2023; however, from August 2023 to September 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was China ($9,413 per ton), while the price for Poland ($4,617 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 Spain (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Plastic Household Ware Price in Latvia (FOB) - 2023

In September 2023, the average plastic household ware export price amounted to $6,706 per ton, dropping by -3.2% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in February 2023 when the average export price increased by 34% month-to-month. As a result, the export price reached the peak level of $7,963 per ton. From March 2023 to September 2023, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Estonia ($6,376 per ton), while the average price for exports to Germany ($3,036 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Household Ware Imports in Latvia

In 2022, the amount of plastics household articles and toilet articles imported into Latvia shrank to 4.5K tons, dropping by -14.9% compared with 2021 figures. Overall, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 1.8%.

In value terms, plastic household ware imports declined to $26M in 2022. The total import value increased at an average annual rate of +1.2% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 8% against the previous year. As a result, imports reached the peak of $29M, and then contracted in the following year.

Import of Plastic Household Ware in Latvia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Poland	8.9	10.1	9.9	8.7	-0.8%
Lithuania	4.9	4.5	4.7	4.4	-3.5%
Germany	2.6	3.2	3.1	2.9	3.7%
China	1.3	1.2	1.8	2.1	17.3%
Estonia	1.2	0.9	1.4	1.3	2.7%
Italy	1.4	1.3	1.7	1.1	-7.7%
Czech Republic	0.6	0.6	0.6	0.8	10.1%
Others	4.3	4.8	5.4	4.9	4.5%
Total	25.2	26.6	28.7	26.2	1.3%

Top Suppliers of Plastic Household Ware to Latvia in 2022:

Poland (2064.7 tons)
Lithuania (701.2 tons)
Germany (465.4 tons)
China (252.1 tons)
Estonia (213.8 tons)
Italy (144.1 tons)
Czech Republic (127.7 tons)

Plastic Household Ware Exports in Latvia

Plastic household ware exports from Latvia contracted markedly to 1.6K tons in 2022, declining by -16.4% on the previous year. In general, exports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2021 when exports increased by 6.5%.

In value terms, plastic household ware exports shrank to $9.6M in 2022. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 18%. As a result, the exports reached the peak of $11M, and then reduced in the following year.

Export of Plastic Household Ware in Latvia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Estonia	3.1	3.0	3.4	3.5	4.1%
Lithuania	3.0	2.9	3.4	3.1	1.1%
Germany	0.7	0.8	0.8	0.7	0.0%
Russia	1.2	1.4	1.2	0.6	-20.6%
New Zealand	N/A	N/A	0.6	0.3	-50.0%
Belarus	0.3	0.3	0.3	0.1	-30.7%
Others	1.3	0.9	1.2	1.3	0.0%
Total	9.6	9.2	10.9	9.6	0.0%

Top Export Markets for Plastic Household Ware from Latvia in 2022:

Estonia (641.3 tons)
Lithuania (530.3 tons)
Germany (219.5 tons)
Russia (63.4 tons)
New Zealand (30.3 tons)
Belarus (12.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the plastic household ware 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 22292320 - Tableware and kitchenware of plastic
Prodcom 22292350 -
Prodcom 22292390 -

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023