Price for Tableware, Kitchenware, Other Household Articles and Toilet Articles; of Porcelain or China in Latvia - 2023

Contents:

1. Price for Tableware, Kitchenware, Other Household Articles and Toilet Articles; of Porcelain or China in Latvia (CIF) - 2022
2. Price for Tableware, Kitchenware, Other Household Articles and Toilet Articles; of Porcelain or China in Latvia (FOB) - 2022
3. Imports of Tableware, Kitchenware, Other Household Articles and Toilet Articles; of Porcelain or China in Latvia
4. Exports of Tableware, Kitchenware, Other Household Articles and Toilet Articles; of Porcelain or China in Latvia

Price for Tableware, Kitchenware, Other Household Articles and Toilet Articles; of Porcelain or China in Latvia (CIF) - 2022

The average import price for tableware, kitchenware, other household articles and toilet articles; of porcelain or china stood at $5,595 per ton in 2022, falling by -3.6% against the previous year. Over the last decade, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2013 an increase of 35%. Over the period under review, average import prices reached the peak figure at $5,803 per ton in 2021, and then dropped 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 the UK ($12,022 per ton), while the price for the Netherlands ($2,784 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+6.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Tableware, Kitchenware, Other Household Articles and Toilet Articles; of Porcelain or China in Latvia (FOB) - 2022

In 2022, the average export price for tableware, kitchenware, other household articles and toilet articles; of porcelain or china amounted to $6,294 per ton, reducing by -4.9% against the previous year. In general, the export price, however, recorded slight growth. The most prominent rate of growth was recorded in 2015 an increase of 53% against the previous year. As a result, the export price attained the peak level of $12,317 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($8,339 per ton), while the average price for exports to Poland ($1,554 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 Kyrgyzstan (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tableware, Kitchenware, Other Household Articles and Toilet Articles; of Porcelain or China in Latvia

In 2022, purchases abroad of tableware, kitchenware, other household articles and toilet articles; of porcelain or china was finally on the rise to reach 880 tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +5.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of tableware, kitchenware, other household articles and toilet articles; of porcelain or china soared to $4.9M in 2022. The total import value increased at an average annual rate of +11.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 17% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Top Suppliers of Tableware, Kitchenware, Other Household Articles and Toilet Articles; of Porcelain or China to Latvia in 2022:

1. Poland (227.2 tons)
2. Lithuania (176.9 tons)
3. China (104.5 tons)
4. Netherlands (93.8 tons)
5. Germany (57.6 tons)
6. Thailand (44.8 tons)
7. Italy (31.8 tons)
8. Estonia (27.9 tons)

Exports of Tableware, Kitchenware, Other Household Articles and Toilet Articles; of Porcelain or China in Latvia

For the fourth year in a row, Latvia recorded growth in overseas shipments of tableware, kitchenware, other household articles and toilet articles; of porcelain or china, which increased by 33% to 332 tons in 2022. Overall, exports saw a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 41%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of tableware, kitchenware, other household articles and toilet articles; of porcelain or china surged to $2.1M in 2022. Over the period under review, exports recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of 61% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Top Export Markets for Tableware, Kitchenware, Other Household Articles and Toilet Articles; of Porcelain or China from Latvia in 2022:

1. Lithuania (71.0 tons)
2. Estonia (70.9 tons)
3. Poland (63.3 tons)
4. Russia (61.7 tons)
5. Sweden (41.8 tons)
6. Kyrgyzstan (10.4 tons)

Source: IndexBox Market Intelligence Platform