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

Contents:

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

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

In 2022, the average import price for lighters; pocket, cigarette, gas fuelled, refillables amounted to $0.1 per unit, picking up by 9.5% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 48% against the previous year. As a result, import price reached the peak level of $0.2 per unit. From 2014 to 2022, the average import prices remained at a somewhat 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 ($1.8 per unit), while the price for China ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+20.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for lighters; pocket, cigarette, gas fuelled, refillables stood at $0.2 per unit in 2022, growing by 3.8% against the previous year. In general, the export price, however, showed a mild downturn. The pace of growth appeared the most rapid in 2013 an increase of 68% against the previous year. As a result, the export price attained the peak level of $0.4 per unit. From 2014 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+3.0%), while the prices for the other major destinations experienced a decline.

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

Imports of lighters; pocket, cigarette, gas fuelled, refillables into Latvia expanded slightly to 2.8M units in 2022, growing by 4% compared with the previous year. The total import volume increased at an average annual rate of +2.0% 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 when imports increased by 43% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, imports of lighters; pocket, cigarette, gas fuelled, refillables reached $386K in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +8.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 36%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. China (2436.5K units)
2. Lithuania (313.5K units)

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

In 2022, overseas shipments of lighters; pocket, cigarette, gas fuelled, refillables increased by 12% to 1M units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a sharp descent. The exports peaked at 2.1M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of lighters; pocket, cigarette, gas fuelled, refillables soared to $205K in 2022. In general, exports, however, faced a deep slump. Over the period under review, the exports of reached the maximum at $321K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

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

1. Lithuania (886.3K units)
2. Estonia (131.4K units)

Source: IndexBox Market Intelligence Platform