Price for Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in Latvia - 2023

Contents:

1. Price for Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in Latvia (CIF) - 2022
2. Price for Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in Latvia (FOB) - 2022
3. Imports of Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in Latvia
4. Exports of Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in Latvia

Price for Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in Latvia (CIF) - 2022

In 2022, the average import price for lighters; pocket, cigarette, gas fuelled, non-refillables amounted to $0.2 per unit, reducing by -3.3% against the previous year. Over the period under review, the import price showed a perceptible decrease. The pace of growth was the most pronounced in 2014 when the average import price increased by 13% against the previous year. The import price peaked at $0.3 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 ($0.4 per unit), while the price for the Netherlands totaled $0.2 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+13.8%).

Price for Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in Latvia (FOB) - 2022

The average export price for lighters; pocket, cigarette, gas fuelled, non-refillables stood at $0.2 per unit in 2022, waning by -12.6% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average export price increased by 44% against the previous year. As a result, the export price attained the peak level of $0.4 per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($0.2 per unit), while the average price for exports to Estonia totaled $0.2 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in Latvia

In 2022, approx. 2.3M units of lighters; pocket, cigarette, gas fuelled, non-refillables were imported into Latvia; dropping by -22.5% compared with the previous year. Overall, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. Over the period under review, imports of hit record highs at 3.3M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of lighters; pocket, cigarette, gas fuelled, non-refillables declined notably to $547K in 2022. Over the period under review, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 39%. As a result, imports attained the peak of $729K, and then shrank remarkably in the following year.

Top Suppliers of Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable to Latvia in 2022:

1. Netherlands (2095.7K units)
2. Germany (155.5K units)

Exports of Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in Latvia

In 2022, the amount of lighters; pocket, cigarette, gas fuelled, non-refillables exported from Latvia surged to 465K units, increasing by 23% on the previous year's figure. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 44% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of lighters; pocket, cigarette, gas fuelled, non-refillables expanded remarkably to $107K in 2022. The total export value increased at an average annual rate of +12.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 16% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see steady growth in the near future.

Top Export Markets for Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable from Latvia in 2022:

1. Lithuania (281.2K units)
2. Estonia (183.8K units)

Source: IndexBox Market Intelligence Platform