Latvia - Spools, Cops And Similar Supports Of Plastics - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPlastic Support Price in Latvia - 2023
Contents:
- Plastic Support Price in Latvia (CIF) - 2022
- Plastic Support Price in Latvia (FOB) - 2022
- Plastic Support Imports in Latvia
- Plastic Support Exports in Latvia
Plastic Support Price in Latvia (CIF) - 2022
In 2022, the average plastic support import price amounted to $6,328 per ton, falling by -4% against the previous year. In general, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic support import price increased by +46.6% against 2018 indices. The pace of growth appeared the most rapid in 2014 an increase of 40%. The import price peaked at $6,593 per ton in 2021, and then shrank modestly in the following year.
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 Switzerland ($17,797 per ton), while the price for the United States ($1,724 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+20.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Plastic Support Price in Latvia (FOB) - 2022
In 2022, the average plastic support export price amounted to $3,942 per ton, dropping by -17.1% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 27% against the previous year. The export price peaked at $4,758 per ton in 2021, and then contracted significantly in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Cyprus ($14,936 per ton), while the average price for exports to Taiwan (Chinese) ($188 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 Cyprus (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.
Plastic Support Imports in Latvia
In 2022, after three years of growth, there was significant decline in overseas purchases of spools, cops and similar supports of plastics, when their volume decreased by -19.5% to 2.5K tons. In general, imports saw a slight slump. The pace of growth was the most pronounced in 2020 with an increase of 13%.
In value terms, plastic support imports contracted sharply to $16M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +8.1% 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 28%.
Import of Plastic Support in Latvia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 2.1 | 2.1 | 2.7 | 3.0 | 12.6% |
Poland | 2.7 | 2.8 | 3.0 | 2.5 | -2.5% |
Ukraine | 1.5 | 3.0 | 4.4 | 1.8 | 6.3% |
Switzerland | 1.3 | 1.4 | 1.8 | 1.2 | -2.6% |
Lithuania | 0.8 | 1.0 | 1.0 | 1.1 | 11.2% |
China | 0.4 | 0.7 | 1.6 | 1.1 | 40.1% |
Estonia | 0.4 | 0.8 | 0.8 | 0.8 | 26.0% |
Italy | 0.3 | 0.4 | 0.2 | 0.5 | 18.6% |
United Kingdom | 0.4 | 0.4 | 0.7 | 0.5 | 7.7% |
Sweden | 0.2 | 0.4 | 0.4 | 0.4 | 26.0% |
Belarus | 0.1 | 0.2 | 0.2 | 0.3 | 44.2% |
Russia | 0.2 | 0.2 | 0.4 | 0.3 | 14.5% |
United States | 0.3 | 0.2 | 0.3 | 0.1 | -30.7% |
Others | 1.7 | 2.4 | 2.6 | 2.1 | 7.3% |
Total | 12.4 | 15.9 | 20.2 | 15.6 | 8.0% |
Top Suppliers of Plastic Support to Latvia in 2022:
- Poland (592.3 tons)
- Germany (361.8 tons)
- Lithuania (321.3 tons)
- Ukraine (139.8 tons)
- Estonia (126.6 tons)
- Belarus (114.7 tons)
- Russia (83.3 tons)
- United States (82.8 tons)
- Sweden (72.0 tons)
- Switzerland (66.0 tons)
- United Kingdom (63.4 tons)
- China (61.7 tons)
- Italy (60.8 tons)
Plastic Support Exports in Latvia
In 2022, the amount of spools, cops and similar supports of plastics exported from Latvia shrank to 1K tons, with a decrease of -6.6% compared with the previous year's figure. The total export volume increased at an average annual rate of +6.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 39%. As a result, the exports reached the peak of 1.1K tons, and then dropped in the following year.
In value terms, plastic support exports fell notably to $4.1M in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +10.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +35.5% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 50% against the previous year. As a result, the exports attained the peak of $5.3M, and then plummeted in the following year.
Export of Plastic Support in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lithuania | 363 | 475 | 846 | 778 | 28.9% |
Russia | 873 | 651 | 1,163 | 673 | -8.3% |
Estonia | 451 | 502 | 682 | 580 | 8.7% |
China | 14.7 | 118 | 206 | 382 | 196.2% |
Netherlands | 142 | 362 | 457 | 274 | 24.5% |
Germany | 287 | 262 | 554 | 227 | -7.5% |
United States | 56.1 | 0.4 | N/A | 220 | 57.7% |
Poland | 362 | 155 | 383 | 185 | -20.0% |
Denmark | 131 | 192 | 114 | 117 | -3.7% |
Taiwan (Chinese) | 3.3 | 5.2 | 0.7 | 46.7 | 141.9% |
Others | 365 | 832 | 929 | 648 | 21.1% |
Total | 3,048 | 3,554 | 5,335 | 4,130 | 10.7% |
Top Export Markets for Plastic Support from Latvia in 2022:
- Taiwan (Chinese) (248.9 tons)
- China (152.2 tons)
- Lithuania (127.9 tons)
- Germany (120.3 tons)
- Russia (107.9 tons)
- Estonia (81.2 tons)
- Netherlands (49.3 tons)
- Poland (43.6 tons)
- United States (41.9 tons)
- Denmark (15.8 tons)
This report provides an in-depth analysis of the plastic support 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 22221910 - Spools, cops, bobbins and similar supports, of plastics
- Prodcom 22221920 - Plastic caps and capsules for bottles
- Prodcom 22221930 - Plastic stoppers, lids, caps and other closures (excluding for bottles)
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
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