Latvia: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in Latvia

In 2022, the Latvian vulcanised rubber erases market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, posted a prominent increase. Vulcanised rubber erases consumption peaked at $X in 2021, and then declined in the following year.

Vulcanised Rubber Erases Production in Latvia

In value terms, vulcanised rubber erases production amounted to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by X,700%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Vulcanised Rubber Erases Exports

Exports from Latvia

In 2022, shipments abroad of erasers of vulcanised rubber increased by X% to X tons, rising for the third consecutive year after three years of decline. In general, exports, however, recorded a perceptible downturn. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, vulcanised rubber erases exports totaled $X in 2022. Overall, exports, however, showed a noticeable slump. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Lithuania (X tons), Panama (X tons) and Russia (X tons) were the main destinations of vulcanised rubber erases exports from Latvia, with a combined X% share of total exports. Lebanon, Estonia, Romania, Tunisia, Greece, Spain, Italy, the Czech Republic, Hungary and Portugal lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tunisia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X), Russia ($X) and Estonia ($X) constituted the largest markets for vulcanised rubber erases exported from Latvia worldwide, together accounting for X% of total exports. Panama, Greece, Romania, Italy, Lebanon, Spain, Hungary, Tunisia, the Czech Republic and Portugal lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

In 2022, the average vulcanised rubber erases export price amounted to $X per ton, remaining constant against the previous year. Over the period under review, the export price, however, continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Lebanon ($X 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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Erases Imports

Imports into Latvia

In 2022, overseas purchases of erasers of vulcanised rubber decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, total imports indicated a slight increase from 2012 to 2022: its volume 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. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, vulcanised rubber erases imports amounted to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest vulcanised rubber erases supplier to Latvia, accounting for a X% share of total imports. Moreover, vulcanised rubber erases imports from China exceeded the figures recorded by the second-largest supplier, Finland (X tons), threefold. Spain (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, China ($X) constituted the largest supplier of erasers of vulcanised rubber to Latvia, comprising X% of total imports. The second position in the ranking was taken by Finland ($X), with an X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (X% per year) and Spain (X% per year).

Import Prices by Country

In 2022, the average vulcanised rubber erases import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 Denmark ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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