Latvia - Plastic Fittings For Tubes, Pipes and Hoses - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Plastic Fittings for Tubes, Pipes and Hoses in Latvia - 2023
Contents:
- Price for Plastic Fittings for Tubes, Pipes and Hoses in Latvia (CIF) - 2023
- Price for Plastic Fittings for Tubes, Pipes and Hoses in Latvia (FOB) - 2023
- Imports of Plastic Fittings for Tubes, Pipes and Hoses in Latvia
- Exports of Plastic Fittings for Tubes, Pipes and Hoses in Latvia
Price for Plastic Fittings for Tubes, Pipes and Hoses in Latvia (CIF) - 2023
In October 2023, the average import price for plastic fittings for tubes, pipes and hoses amounted to $8,762 per ton, with a decrease of -19.2% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in July 2023 when the average import price increased by 167% month-to-month. Over the period under review, average import prices reached the peak figure at $11,035 per ton in December 2022; however, from January 2023 to October 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was China ($43,464 per ton), while the price for Poland ($5,115 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by China (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Plastic Fittings for Tubes, Pipes and Hoses in Latvia (FOB) - 2023
The average export price for plastic fittings for tubes, pipes and hoses stood at $8,904 per ton in October 2023, dropping by -13.9% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 30% month-to-month. As a result, the export price attained the peak level of $10,617 per ton. From December 2022 to October 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In October 2023, the country with the highest price was Armenia ($18,072 per ton), while the average price for exports to Estonia ($5,314 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Plastic Fittings for Tubes, Pipes and Hoses in Latvia
In 2022, supplies from abroad of plastic fittings for tubes, pipes and hoses decreased by -5.8% to 2.5K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +1.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 22%. As a result, imports attained the peak of 2.9K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of plastic fittings for tubes, pipes and hoses expanded rapidly to $21M in 2022. The total import value increased at an average annual rate of +9.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 16%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.
Import of Plastic Fittings for Tubes, Pipes and Hoses in Latvia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 4.3 | 4.0 | 4.8 | 5.2 | 6.5% |
Poland | 2.6 | 2.6 | 3.0 | 4.2 | 17.3% |
Germany | 2.2 | 2.9 | 3.0 | 3.1 | 12.1% |
Lithuania | 1.6 | 1.6 | 2.2 | 2.3 | 12.9% |
Estonia | 1.9 | 1.7 | 1.6 | 1.5 | -7.6% |
Austria | 0.5 | 0.6 | 0.9 | 0.7 | 11.9% |
Czech Republic | 0.4 | 0.6 | 0.7 | 0.5 | 7.7% |
China | 0.4 | 0.4 | 0.4 | 0.5 | 7.7% |
Sweden | 0.5 | 0.4 | 0.5 | 0.4 | -7.2% |
Spain | 0.3 | 0.4 | 0.4 | 0.2 | -12.6% |
Others | 1.7 | 2.3 | 2.8 | 2.7 | 16.7% |
Total | 16.4 | 17.5 | 20.3 | 21.4 | 9.3% |
Top Suppliers of Plastic Fittings for Tubes, Pipes and Hoses to Latvia in 2022:
- Italy (635.5 tons)
- Poland (597.4 tons)
- Lithuania (298.7 tons)
- Germany (298.7 tons)
- Austria (139.2 tons)
- Estonia (99.1 tons)
- China (74.0 tons)
- Czech Republic (59.5 tons)
- Sweden (30.6 tons)
- Spain (20.8 tons)
Exports of Plastic Fittings for Tubes, Pipes and Hoses in Latvia
In 2022, the amount of plastic fittings for tubes, pipes and hoses exported from Latvia shrank slightly to 1.4K tons, with a decrease of -3% compared with 2021. The total export volume increased at an average annual rate of +8.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 39% against the previous year. As a result, the exports attained the peak of 1.4K tons, and then shrank in the following year.
In value terms, exports of plastic fittings for tubes, pipes and hoses rose notably to $13M 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 26%. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the immediate term.
Export of Plastic Fittings for Tubes, Pipes and Hoses in Latvia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 3.3 | 3.0 | 3.6 | 4.4 | 10.1% |
Sweden | 1.2 | 1.5 | 2.0 | 2.3 | 24.2% |
Lithuania | 2.0 | 1.6 | 1.9 | 2.1 | 1.6% |
Estonia | 1.3 | 1.5 | 2.0 | 1.6 | 7.2% |
Spain | N/A | 0.1 | 0.1 | 0.5 | 123.6% |
Finland | 0.2 | 0.4 | 0.4 | 0.3 | 14.5% |
Norway | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
Others | 0.8 | 1.1 | 1.6 | 1.1 | 11.2% |
Total | 8.9 | 9.3 | 11.7 | 12.5 | 12.0% |
Top Export Markets for Plastic Fittings for Tubes, Pipes and Hoses from Latvia in 2022:
- Russia (498.6 tons)
- Sweden (337.3 tons)
- Lithuania (240.8 tons)
- Estonia (140.5 tons)
- Spain (34.2 tons)
- Finland (30.3 tons)
- Norway (22.0 tons)
This report provides an in-depth analysis of the market for plastic fittings for tubes, pipes and hoses 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 22212970 - Fittings, e.g. joints, elbows, flanges, of plastics, for tubes, p ipes and hoses
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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