Latvia - Pen Or Pencil Sets - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Pen or Pencil Sets in Latvia - 2023
Contents:
- Price for Pen or Pencil Sets in Latvia (CIF) - 2022
- Price for Pen or Pencil Sets in Latvia (FOB) - 2022
- Imports of Pen or Pencil Sets in Latvia
- Exports of Pen or Pencil Sets in Latvia
Price for Pen or Pencil Sets in Latvia (CIF) - 2022
In 2022, the average pen or pencil sets import price amounted to $136 per unit, rising by 23% against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pen or pencil sets import price increased by +57.9% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 47% against the previous year. As a result, import price attained the peak level of $145 per unit. From 2014 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Estonia ($482 per unit), while the price for Poland ($88 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+28.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Pen or Pencil Sets in Latvia (FOB) - 2022
In 2022, the average pen or pencil sets export price amounted to $282 per unit, picking up by 124% against the previous year. In general, the export price recorded resilient growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($303 per unit), while the average price for exports to the UK ($64 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+136.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Pen or Pencil Sets in Latvia
In 2022, imports of pen or pencil sets into Latvia surged to 2.2K units, jumping by 27% compared with the previous year's figure. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +9.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.1% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 49% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, pen or pencil sets imports soared to $293K in 2022. Overall, imports posted significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 57% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.
| Import of Pen or Pencil Sets in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 0.1 | N/A | 0.1 | 87.8 | 857.6% |
| China | 60.0 | 15.9 | 52.2 | 49.5 | -6.2% |
| Poland | 15.1 | 30.5 | 25.1 | 35.7 | 33.2% |
| Netherlands | 35.2 | 31.0 | 14.7 | 30.4 | -4.8% |
| Lithuania | 16.5 | 10.4 | 15.3 | 25.7 | 15.9% |
| Finland | N/A | 9.0 | 37.6 | 18.5 | 43.4% |
| India | 15.9 | 5.9 | 8.0 | 13.1 | -6.3% |
| Germany | 7.1 | 6.0 | 9.5 | 5.6 | -7.6% |
| Others | 11.6 | 11.0 | 25.6 | 27.1 | 32.7% |
| Total | 161 | 120 | 188 | 293 | 22.1% |
Top Suppliers of Pen or Pencil Sets to Latvia in 2022:
- China (478.0 units)
- France (473.0 units)
- Poland (404.0 units)
- Finland (193.0 units)
- Netherlands (164.0 units)
- Lithuania (158.0 units)
- India (136.0 units)
- Germany (27.0 units)
Exports of Pen or Pencil Sets in Latvia
In 2022, the amount of pen or pencil sets exported from Latvia declined to 746 units, which is down by -5.6% on the year before. In general, exports, however, saw notable growth. The most prominent rate of growth was recorded in 2021 when exports increased by 141%. As a result, the exports attained the peak of 790 units, and then shrank in the following year.
In value terms, pen or pencil sets exports surged to $210K in 2022. Overall, exports, however, continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Pen or Pencil Sets in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 1.6 | 3.4 | 11.1 | 134 | 337.5% |
| Lithuania | 18.3 | 12.4 | 18.4 | 24.9 | 10.8% |
| Spain | 8.1 | 4.3 | 11.8 | 10.9 | 10.4% |
| Romania | 0.4 | 0.7 | 4.1 | 10.2 | 194.3% |
| Panama | N/A | N/A | 14.2 | 7.9 | -44.4% |
| Estonia | 21.1 | 7.8 | 10.4 | 4.8 | -39.0% |
| United Kingdom | N/A | N/A | 0.1 | 1.4 | 1300.0% |
| Poland | 4.6 | 1.9 | 1.0 | 0.2 | -64.8% |
| Kazakhstan | 7.4 | 0.1 | N/A | N/A | -98.6% |
| Uzbekistan | N/A | N/A | 3.6 | N/A | 0% |
| Finland | 12.6 | 1.4 | 0.1 | N/A | -91.1% |
| Others | 21.0 | 15.5 | 24.4 | 16.0 | -8.7% |
| Total | 95.0 | 47.7 | 99.3 | 210 | 30.3% |
Top Export Markets for Pen or Pencil Sets from Latvia in 2022:
- Russia (550.0 units)
- Lithuania (102.0 units)
- Spain (102.0 units)
- Romania (66.0 units)
- Panama (26.0 units)
- United Kingdom (22.0 units)
- Estonia (20.0 units)
- Poland (2.0 units)
This report provides an in-depth analysis of the market for pen or pencil sets 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 32991410 - Pen or pencil sets containing two or more writing instruments
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
-
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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