Report Update: Apr 7, 2024

Latvia - Sacks And Bags - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Sack and Bag Price in Latvia - 2023

Sack and Bag Price in Latvia (CIF) - 2023

The average sack and bag import price stood at $3,070 per ton in September 2023, jumping by 28% against the previous month. Overall, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $3,239 per ton in October 2022; however, from November 2022 to September 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($5,748 per ton), while the price for Poland ($673 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+23.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Sack and Bag Price in Latvia (FOB) - 2022

In 2022, the average sack and bag export price amounted to $3,605 per ton, jumping by 47% against the previous year. Overall, the export price, however, saw a slight contraction. The most prominent rate of growth was recorded in 2020 an increase of 59% against the previous year. The export price peaked at $4,107 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Estonia ($3,543 per ton) and the Czech Republic ($3,532 per ton), while the average price for exports to Bulgaria ($3,025 per ton) and Lithuania ($3,078 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (-0.1%), while the prices for the other major destinations experienced a decline.

Sack and Bag Imports in Latvia

After three years of growth, purchases abroad of sacks and bags decreased by -8.7% to 2.7K tons in 2022. The total import volume increased at an average annual rate of +5.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 14%. As a result, imports reached the peak of 3K tons, and then fell in the following year.

In value terms, sack and bag imports amounted to $9.4M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +14.6% 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 +50.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 30%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Import of Sack and Bag in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	1,907	1,759	3,617	2,795	13.6%
Germany	61.2	93.6	688	2,653	251.3%
Lithuania	1,417	1,582	1,353	989	-11.3%
China	960	501	808	922	-1.3%
Russia	31.3	19.3	95.4	701	181.9%
Poland	128	282	107	228	21.2%
Estonia	264	363	244	184	-11.3%
Turkey	540	913	270	168	-32.2%
Ukraine	525	334	301	0.8	-88.5%
Others	386	792	1,139	723	23.3%
Total	6,219	6,639	8,622	9,365	14.6%

Top Suppliers of Sack and Bag to Latvia in 2022:

India (1102.6 tons)
Germany (598.7 tons)
China (311.0 tons)
Lithuania (281.7 tons)
Russia (111.9 tons)
Poland (93.8 tons)
Turkey (54.6 tons)
Estonia (47.5 tons)
Ukraine (0.1 tons)

Sack and Bag Exports in Latvia

In 2022, approx. 565 tons of sacks and bags were exported from Latvia; waning by -17.4% against the year before. Over the period under review, exports faced a sharp descent. The growth pace was the most rapid in 2021 when exports increased by 10% against the previous year.

In value terms, sack and bag exports skyrocketed to $2M in 2022. Overall, exports recorded a perceptible curtailment.

Export of Sack and Bag in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Lithuania	995	442	419	564	-17.2%
Estonia	268	245	479	380	12.3%
Finland	115	122	84.9	246	28.8%
Poland	395	355	393	236	-15.8%
Czech Republic	118	144	66.1	172	13.4%
Romania	2.7	6.0	6.6	62.9	185.6%
Bulgaria	30.1	32.0	16.9	61.0	26.5%
Guinea	N/A	308	N/A	N/A	0%
Others	263	113	209	314	6.1%
Total	2,187	1,767	1,674	2,037	-2.3%

Top Export Markets for Sack and Bag from Latvia in 2022:

Lithuania (183.3 tons)
Estonia (107.4 tons)
Finland (70.1 tons)
Poland (68.7 tons)
Czech Republic (48.7 tons)
Bulgaria (20.2 tons)
Romania (20.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the sack and bag market 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 13922130 - Sacks and bags, of cotton, used for packing goods
Prodcom 13922150 - Sacks and bags, of knitted or crocheted polyethylene or polypropylene strip, used for packing goods
Prodcom 13922173 -
Prodcom 13922175 -
Prodcom 13922190 - Sacks and bags, used for packing goods (excluding of cotton, p olyethylene or polypropylene strip)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023