Latvia: Market for Ceramic Sinks, Baths, Water Closet Pans and Similar Sanitary Fixtures of Porcelain or China 2024

Market Size for Ceramic Sinks, Baths, Water Closet Pans and Similar Sanitary Fixtures of Porcelain or China in Latvia

In 2022, the Latvian market for ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china increased by X% to $X, rising for the third year in a row after three years of decline. In general, the total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. Consumption of peaked in 2022 and is expected to retain growth in years to come.

Exports of Ceramic Sinks, Baths, Water Closet Pans and Similar Sanitary Fixtures of Porcelain or China

Exports from Latvia

In 2022, overseas shipments of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china increased by X% to X units, rising for the second year in a row after two years of decline. In general, exports saw resilient growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china skyrocketed to $X in 2022. Overall, exports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Lithuania (X units) was the main destination for exports of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china from Latvia, with a X% share of total exports. Moreover, exports of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china to Lithuania exceeded the volume sent to the second major destination, Estonia (X units), threefold. The third position in this ranking was taken by Denmark (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Lithuania stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (X% per year) and Denmark (X% per year).

In value terms, Lithuania ($X) remains the key foreign market for ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china exports from Latvia, comprising X% of total exports. The second position in the ranking was taken by Denmark ($X), with a X% share of total exports. It was followed by Estonia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Lithuania stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (X% per year) and Estonia (X% per year).

Export Prices by Country

The average export price for ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per unit), while the average price for exports to Estonia ($X 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 Denmark (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Ceramic Sinks, Baths, Water Closet Pans and Similar Sanitary Fixtures of Porcelain or China

Imports into Latvia

In 2022, purchases abroad of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china increased by X% to X units, rising for the fourth consecutive year after three years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china soared to $X in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Poland (X units) constituted the largest supplier of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china to Latvia, with a X% share of total imports. Moreover, imports of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china from Poland exceeded the figures recorded by the second-largest supplier, Denmark (X units), twofold. The third position in this ranking was held by China (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and China (X% per year).

In value terms, Poland ($X), Germany ($X) and Denmark ($X) appeared to be the largest ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china suppliers to Latvia, with a combined X% share of total imports.

Denmark, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china amounted to $X per unit, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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