Report Update May 1, 2024

Latvia - Ceramic Tile - Market Analysis, Forecast, Size, Trends and Insights

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Latvia: Ceramic Tile Market 2024

Ceramic Tile Market Size in Latvia

The Latvian ceramic tile market surged to $X in 2022, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Ceramic Tile Exports

Exports from Latvia

Ceramic tile exports from Latvia reduced notably to X square meters in 2022, with a decrease of X% on 2021 figures. In general, exports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports reached the peak of X square meters, and then contracted dramatically in the following year.

In value terms, ceramic tile exports reached $X in 2022. Over the period under review, exports, however, saw a prominent expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Finland (X square meters), Sweden (X square meters) and Germany (X square meters) were the main destinations of ceramic tile exports from Latvia, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Finland ($X), Sweden ($X) and Russia ($X) constituted the largest markets for ceramic tile exported from Latvia worldwide, with a combined X% share of total exports.

Sweden, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ceramic tile export price stood at $X per square meter in 2022, increasing by X% against the previous year. In general, the export price, however, showed a perceptible contraction. Over the period under review, the average export prices reached the maximum at $X per square meter in 2015; however, from 2016 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 Russia ($X per square meter), while the average price for exports to Finland ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malta (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ceramic Tile Imports

Imports into Latvia

For the third consecutive year, Latvia recorded growth in purchases abroad of ceramic tiles, which increased by X% to X square meters in 2022. Overall, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, ceramic tile imports expanded notably to $X in 2022. In general, total imports indicated a resilient 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 2014 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Russia (X square meters), Lithuania (X square meters) and Poland (X square meters) were the main suppliers of ceramic tile imports to Latvia, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Italy ($X) and Poland ($X) appeared to be the largest ceramic tile suppliers to Latvia, with a combined X% share of total imports.

Among the main suppliers, Russia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ceramic tile import price stood at $X per square meter in 2022, approximately equating the previous year. Overall, the import price continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The import price peaked at $X per square meter in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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 Estonia ($X per square meter), while the price for Belarus ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ceramic tiles in the world?

The country with the largest volume of ceramic tile consumption was China, comprising approx. 54% of total volume. Moreover, ceramic tile consumption in China exceeded the figures recorded by the second-largest consumer, India, ninefold. Brazil ranked third in terms of total consumption with a 5% share.

What are the largest producers of ceramic tiles in the world?

China remains the largest ceramic tile producing country worldwide, accounting for 57% of total volume. Moreover, ceramic tile production in China exceeded the figures recorded by the second-largest producer, India, sevenfold. The third position in this ranking was held by Brazil, with a 5.7% share.

What are the leading suppliers of ceramic tiles to Latvia?

In value terms, the largest ceramic tile suppliers to Latvia were Russia, Italy and Poland, together accounting for 65% of total imports.

What are the leading importers of ceramic tiles from Latvia?

In value terms, the largest markets for ceramic tile exported from Latvia were Finland, Sweden and Russia, together comprising 57% of total exports.

What is the average export price for ceramic tiles in Latvia?

In 2022, the average ceramic tile export price amounted to $8.7 per square meter, rising by 27% against the previous year.

What is the average import price for ceramic tiles in Latvia?

The average ceramic tile import price stood at $7 per square meter in 2022, flattening at the previous year.

This report provides an in-depth analysis of the ceramic tile 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 23311000 -
Prodcom 23311010 - Unglazed ceramic mosaic tiles, cubes and similar articles, w ith a surface area < .49 cm.
Prodcom 23311020 - Glazed ceramic mosaic tiles, cubes and similar articles, with a surface area < .49 cm.
Prodcom 23311030 -
Prodcom 23311050 - Unglazed ceramic and stoneware flags and paving, hearth or wall tiles, unglazed ceramic and stoneware mosaic cubes and the like, whether or not on a backing
Prodcom 23311053 -
Prodcom 23311057 -
Prodcom 23311071 - Glazed ceramic double tiles of the spaltplatten type
Prodcom 23311073 - Glazed stoneware flags and paving, hearth or wall tiles, with a face of > .90 cm.
Prodcom 23311075 - Glazed earthenware or fine pottery ceramic flags and paving, h earth or wall tiles, with a face of > .90 cm.
Prodcom 23311079 - Glazed ceramic flags and paving, hearth or wall tiles excluding double tiles of the spaltplatten type, stoneware, e arthenware or fine pottery flags, paving or tiles with a face of not > .90 cm.

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