Report Update May 1, 2024

Latvia - Glass Electrical Insulators - Market Analysis, Forecast, Size, Trends and Insights

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Latvia: Glass Electrical Insulator Market 2024

Glass Electrical Insulator Market Size in Latvia

The Latvian glass electrical insulator market amounted to $X in 2022, remaining relatively unchanged against the previous year. Overall, consumption, however, enjoyed significant growth. Glass electrical insulator consumption peaked in 2022 and is expected to retain growth in years to come.

Glass Electrical Insulator Production in Latvia

In value terms, glass electrical insulator production rose rapidly to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt curtailment. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Glass electrical insulator production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Glass Electrical Insulator Exports

Exports from Latvia

In 2022, the amount of glass electrical insulators exported from Latvia was estimated at X units, flattening at the previous year's figure. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, glass electrical insulator exports stood at $X in 2022. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Lithuania (X units) was the main destination for glass electrical insulator exports from Latvia, with a X% share of total exports. Moreover, glass electrical insulator exports to Lithuania exceeded the volume sent to the second major destination, Estonia (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Lithuania stood at X%.

From 2012 to 2022, the average annual growth rate of value to Lithuania stood at X%.

Export Prices by Country

In 2022, the average glass electrical insulator export price amounted to $X per unit, leveling off at the previous year. Overall, the export price showed a buoyant increase. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($X per unit), while the average price for exports to Estonia stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (X%).

Glass Electrical Insulator Imports

Imports into Latvia

In 2022, overseas purchases of glass electrical insulators decreased by X% to X units, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a perceptible contraction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, glass electrical insulator imports shrank to $X in 2022. Overall, imports, however, continue to indicate moderate growth. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Estonia (X units) constituted the largest supplier of glass electrical insulator to Latvia, with a X% share of total imports. Moreover, glass electrical insulator imports from Estonia exceeded the figures recorded by the second-largest supplier, Finland (X units), sixfold.

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

In value terms, Estonia ($X) constituted the largest supplier of glass electrical insulators to Latvia, comprising X% of total imports. The second position in the ranking was held by Finland ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Estonia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (X% per year) and Italy (X% per year).

Import Prices by Country

The average glass electrical insulator import price stood at $X per unit in 2022, remaining relatively unchanged against the previous year. In general, the import price, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then shrank slightly in the following year.

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 Finland ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (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 glass electrical insulators in the world?

Latvia remains the largest glass electrical insulator consuming country worldwide, accounting for 30% of total volume. Moreover, glass electrical insulator consumption in Latvia exceeded the figures recorded by the second-largest consumer, China, twofold. The third position in this ranking was held by India, with a 4.2% share.

What are the largest producers of glass electrical insulators in the world?

The countries with the highest volumes of production in 2022 were Latvia, China and Russia, with a combined 61% share of global production. Italy, India, Ukraine, the United States, Spain, Pakistan, Japan and Bangladesh lagged somewhat behind, together comprising a further 29%.

What are the leading suppliers of glass electrical insulators to Latvia?

In value terms, Estonia constituted the largest supplier of glass electrical insulators to Latvia, comprising 75% of total imports. The second position in the ranking was held by Finland, with a 14% share of total imports.

What is the average export price for glass electrical insulators in Latvia?

The average glass electrical insulator export price stood at $18 per unit in 2022, therefore, remained relatively stable against the previous year.

What is the average import price for glass electrical insulators in Latvia?

In 2022, the average glass electrical insulator import price amounted to $39 per unit, approximately reflecting the previous year.

This report provides an in-depth analysis of the glass electrical insulator 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 23192500 - Glass electrical insulators (excluding insulating fittings (other than insulators) for electrical machinery, appliances or equipment)

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