Latest Report Update: Dec 27, 2019

Latvia - Frames And Mountings For Spectacles, Goggles Or The Like - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

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Latvia: Spectacle Frame Market Overview 2020

Spectacle Frame Market Size in Latvia

The revenue of the spectacle frame market in Latvia amounted to $X in 2018, surging by X% against the previous year. Over the period under review, spectacle frame consumption, however, continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Over the period under review, the spectacle frame market attained its peak figure level in 2018 and is expected to retain its growth in the immediate term.

Spectacle Frame Production in Latvia

In value terms, spectacle frame production amounted to $X in 2018 estimated in export prices. In general, spectacle frame production, however, continues to indicate an outstanding increase. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, spectacle frame production attained its maximum level at $X in 2013; however, from 2014 to 2018, production remained at a lower figure.

Spectacle Frame Exports

Exports from Latvia

In 2018, approx. X units of frames and mountings for spectacles, goggles or the like were exported from Latvia; surging by X% against the previous year. Overall, spectacle frame exports continue to indicate a noticeable increase. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. In that year, spectacle frame exports attained their peak of X units. From 2009 to 2018, the growth of spectacle frame exports remained at a lower figure.

In value terms, spectacle frame exports totaled $X in 2018. In general, the total exports indicated a perceptible expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when exports increased by X% y-o-y. In that year, spectacle frame exports attained their peak and are likely to continue its growth in the immediate term.

Exports by Country

China represented the main exporter of frames and mountings for spectacles, goggles or the like in the world, with the volume of exports resulting at X units, which was near X% of total exports in 2018. China, Hong Kong SAR (X units) occupied the second position in the ranking, distantly followed by Italy (X units). All these countries together held near X% share of total exports. The following exporters - the Netherlands (X units), Germany (X units), South Korea (X units) and the U.S. (X units) - together made up X% of total exports.

From 2007 to 2018, average annual rates of growth with regard to spectacle frame exports from China stood at +X%. At the same time, the Netherlands (+X%), South Korea (+X%), China, Hong Kong SAR (+X%), the U.S. (+X%), Germany (+X%) and Italy (+X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. While the share of China (+X p.p.), China, Hong Kong SAR (+X p.p.) and the Netherlands (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X), China ($X) and China, Hong Kong SAR ($X) appeared to be the countries with the highest levels of exports in 2018, with a combined X% share of total exports. The Netherlands, the U.S., Germany, South Korea and Latvia lagged somewhat behind, together accounting for a further X Netherlands experienced the highest rates of growth with regard to exports, in terms of the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The spectacle frame export price in Latvia stood at $X per unit in 2018, growing by X% against the previous year. Overall, the spectacle frame export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when the export price increased by X% y-o-y. Over the period under review, the export prices for frames and mountings for spectacles, goggles or the like reached their peak figure at $X per unit in 2007; however, from 2008 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per unit), while China ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Spectacle Frame Imports

Imports into Latvia

In 2018, approx. X units of frames and mountings for spectacles, goggles or the like were imported into Latvia; picking up by X% against the previous year. Overall, spectacle frame imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Latvia imports peaked at X units in 2008; however, from 2009 to 2018, imports stood at a somewhat lower figure.

In value terms, spectacle frame imports totaled $X in 2018. In general, spectacle frame imports continue to indicate a mild increase. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Latvia imports peaked in 2018 and are likely to continue its growth in the immediate term.

Imports by Country

In 2018, the U.S. (X units) and China, Hong Kong SAR (X units) were the largest importers of frames and mountings for spectacles, goggles or the likein the world, together mixing up X% of total imports. Italy (X units) occupied the next position in the ranking, followed by India (X units), Germany (X units) and the UK (X units). All these countries together occupied near X% share of total imports. The following importers - France (X units), Japan (X units), the Netherlands (X units), Mexico (X units), Russia (X units) and Canada (X units) - together made up X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

In value terms, the largest spectacle frame importing markets into Latvia were the U.S. ($X), China, Hong Kong SAR ($X) and Italy ($X), with a combined X% share of total imports. These countries were followed by France, Germany, the UK, Canada, the Netherlands, Japan, Mexico, India, Russia and Latvia, which together accounted for a further X terms of the main importing countries, India experienced the highest growth rate of imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The spectacle frame import price in Latvia stood at $X per unit in 2018, growing by X% against the previous year. Overall, the spectacle frame import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the import price increased by X% year-to-year. Over the period under review, the import prices for frames and mountings for spectacles, goggles or the like attained their maximum in 2018 and is expected to retain its growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Canada ($X per unit), while India ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Product coverage:
• Prodcom 32504350 - Plastic frames and mountings for spectacles, goggles or the like
• Prodcom 32504390 - Non-plastic frames and mountings for spectacles, goggles and the like

This report provides an in-depth analysis of the spectacle frame 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.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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