Latvia: Exercise Book Market 2024

Exercise Book Market Size in Latvia

In 2022, the Latvian exercise book market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption showed a noticeable setback. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Exercise Book Production in Latvia

In value terms, exercise book production declined modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exercise Book Exports

Exports from Latvia

After three years of growth, shipments abroad of exercise books decreased by X% to X tons in 2022. Overall, exports, however, enjoyed pronounced growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, exercise book exports reached $X in 2022. Over the period under review, exports, however, posted a strong increase. The pace of growth was the most pronounced in 2013 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Lithuania (X tons) was the main destination for exercise book exports from Latvia, with a X% share of total exports. Moreover, exercise book exports to Lithuania exceeded the volume sent to the second major destination, Estonia (X tons), threefold. Mongolia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate 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 Mongolia (X% per year).

In value terms, Lithuania ($X) remains the key foreign market for exercise books exports from Latvia, comprising X% of total exports. The second position in the ranking was held by Estonia ($X), with a X% share of total exports. It was followed by Mongolia, with a X% share.

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

Export Prices by Country

The average exercise book export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Estonia ($X per ton) and Mongolia ($X per ton), while the average price for exports to Belarus ($X per ton) and Lithuania ($X 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 Mongolia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Exercise Book Imports

Imports into Latvia

In 2022, after two years of growth, there was significant decline in overseas purchases of exercise books, when their volume decreased by X% to X tons. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, exercise book imports reached $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of $X; afterwards, it flattened through to 2022.

Imports by Country

Lithuania (X tons), Ukraine (X tons) and Poland (X tons) were the main suppliers of exercise book imports to Latvia, together comprising X% of total imports. Russia, Germany, Estonia, Finland and China lagged somewhat behind, together comprising a further X%.

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

In value terms, Lithuania ($X), Ukraine ($X) and Poland ($X) constituted the largest exercise book suppliers to Latvia, with a combined X% share of total imports. Russia, Germany, Estonia, Finland and China lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Germany, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average exercise book import price amounted to $X per ton, rising by X% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price 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, exercise book import price increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

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

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

Source: IndexBox Platform