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Latvia - Household Washing And Drying Machines - Market Analysis, Forecast, Size, Trends and Insights
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Latvia: Washing Machine Market Overview 2020

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Washing Machine Market Size in Latvia

The revenue of the washing machine market in Latvia amounted to $X in 2018, going 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). Overall, washing machine consumption, however, continues to indicate a pronounced drop. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. Over the period under review, the washing machine market reached its peak figure level at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Washing Machine Exports

Exports from Latvia

Washing machine exports from Latvia totaled X units in 2018, remaining relatively unchanged against the previous year. In general, washing machine exports continue to indicate a remarkable expansion. The growth pace was the most rapid in 2010 when exports increased by X% year-to-year. Latvia exports peaked at X units in 2016; however, from 2017 to 2018, exports stood at a somewhat lower figure.

In value terms, washing machine exports stood at $X in 2018. In general, washing machine exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Over the period under review, washing machine exports attained their maximum at $X in 2016; however, from 2017 to 2018, exports failed to regain their momentum.

Exports by Country

In 2018, China (X units), distantly followed by Poland (X units), Thailand (X units) and Turkey (X units) were the main exporters of household washing and drying machines, together constituting X% of total exports. Germany (X units), Slovakia (X units), Italy (X units), Mexico (X units) and Russia (X units) followed a long way behind the leaders.

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

In value terms, the largest washing machine markets from Latvia were China ($X), Poland ($X) and Turkey ($X), with a combined X% share of total exports. These countries were followed by Thailand, Germany, Italy, Slovakia, Mexico, Russia and Latvia, which together accounted for a further X recorded the highest rates of growth with regard to exports, in terms of the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the washing machine export price in Latvia amounted to $X per unit, going down by -X% against the previous year. Over the period under review, the washing machine export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the export price increased by X% y-o-y. Over the period under review, the export prices for household washing and drying machines attained their peak figure at $X per unit in 2013; however, from 2014 to 2018, export prices remained at a lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the other leaders experienced mixed trends in the export price figures.

Washing Machine Imports

Imports into Latvia

In 2018, approx. X units of household washing and drying machines were imported into Latvia; surging by X% against the previous year. Overall, the total imports indicated moderate growth from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, washing machine imports decreased by -X% against 2016 indices. The pace of growth was the most pronounced in 2010 when imports increased by X% y-o-y. Latvia imports peaked at X units in 2016; however, from 2017 to 2018, imports failed to regain their momentum.

In value terms, washing machine imports totaled $X in 2018. Over the period under review, washing machine imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, washing machine imports attained their peak figure at $X in 2016; however, from 2017 to 2018, imports failed to regain their momentum.

Imports by Country

Germany (X units), the UK (X units), France (X units), Japan (X units), Italy (X units), the U.S. (X units), Spain (X units), Australia (X units), Sweden (X units), the United Arab Emirates (X units), Russia (X units) and Venezuela (X units) represented roughly X% of total imports of household washing and drying machines in 2018.

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

In value terms, Germany ($X), the UK ($X) and Japan ($X) constituted the countries with the highest levels of imports in 2018, together accounting for X% of total imports.

Among the main importing countries, Japan recorded 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

In 2018, the washing machine import price in Latvia amounted to $X per unit, waning by -X% against the previous year. Overall, the washing machine import price continues to indicate a mild descent. The growth pace was the most rapid in 2014 an increase of X% y-o-y. Latvia import price peaked at $X per unit in 2008; however, from 2009 to 2018, import prices stood at a somewhat lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox AI Platform

Product coverage:
• Prodcom 27511300 - Cloth washing and drying machines, of the household type

This report provides an in-depth analysis of the washing machine 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 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
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 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
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, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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