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Latvia - Jewellery - Market Analysis, Forecast, Size, Trends and Insights
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Latvia: Jewellery Market Overview 2020

Jewellery Market Size in Latvia

The revenue of the jewellery market in Latvia amounted to $X in 2018, declining by -X% against the previous year. Overall, jewellery consumption continues to indicate a mild decline. The most prominent rate of growth was recorded in 2008 when the market value increased by X% against the previous year. In that year, the jewellery market reached its peak level of $X. From 2009 to 2018, the growth of the jewellery market remained at a lower figure.

Jewellery Production in Latvia

In value terms, jewellery production stood at $X in 2018 estimated in export prices. In general, jewellery production continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, jewellery production attained its maximum level in 2018 and is expected to retain its growth in the immediate term.

Jewellery Exports

Exports from Latvia

In 2018, approx. X tonnes of jewellery were exported from Latvia; waning by -X% against the previous year. In general, jewellery exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Latvia exports peaked at X tonnes in 2016; however, from 2017 to 2018, exports stood at a somewhat lower figure.

In value terms, jewellery exports amounted to $X in 2018. In general, jewellery exports, however, continue to indicate an outstanding increase. The pace of growth was the most pronounced in 2011 when exports increased by X% against the previous year. Over the period under review, jewellery exports reached their peak figure in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

Japan was the major exporter of jewellery in the world, with the volume of exports reaching X tonnes, which was approx. X% of total exports in 2018. The U.S. (X tonnes) held the second position in the ranking, followed by Switzerland (X tonnes). All these countries together took approx. X% share of total exports. Italy (X tonnes), Thailand (X tonnes), Spain (X tonnes), India (X tonnes), the UK (X tonnes), Germany (X tonnes) and China (X tonnes) held a relatively small share of total exports.

Japan was also the fastest-growing in terms of the jewellery exports, with a CAGR of +X% from 2007 to 2018. At the same time, Switzerland (+X%), Spain (+X%), the U.S. (+X%) and Germany (+X%) displayed positive paces of growth. The UK experienced a relatively flat trend pattern. By contrast, Italy (-X%), Thailand (-X%), China (-X%) and India (-X%) illustrated a downward trend over the same period. Japan (+X p.p.), the U.S. (+X p.p.), Switzerland (+X p.p.) and Spain (+X p.p.) significantly strengthened its position in terms of the global exports, while China, Italy, Thailand and India saw its share reduced by -X%, -X%, -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest jewellery markets from Latvia were India ($X), China ($X) and the U.S. ($X), with a combined X% share of total exports. These countries were followed by Italy, Switzerland, the UK, Thailand, Japan, Germany, Spain and Latvia, which together accounted for a further X terms of the main exporting countries, Latvia experienced the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the jewellery export price in Latvia amounted to $X per tonne, surging by X% against the previous year. In general, the jewellery export price continues to indicate strong growth. The pace of growth appeared the most rapid in 2008 when the export price increased by X% year-to-year. Latvia export price peaked in 2018 and is likely to continue its growth in the near future.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India (+X% per year), while the other leaders experienced more modest paces of growth.

Jewellery Imports

Imports into Latvia

In 2018, the amount of jewellery imported into Latvia totaled X tonnes, going down by -X% against the previous year. In general, jewellery imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. In that year, jewellery imports reached their peak of X tonnes. From 2009 to 2018, the growth of jewellery imports remained at a somewhat lower figure.

In value terms, jewellery imports totaled $X in 2018. In general, jewellery imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X% year-to-year. Latvia imports peaked at $X in 2016; however, from 2017 to 2018, imports failed to regain their momentum.

Imports by Country

Japan was the largest importer of jewellery in the world, with the volume of imports reaching X tonnes, which was near X% of total imports in 2018. The UK (X tonnes) ranks second in terms of the total imports with a X% share, followed by the United Arab Emirates (X%) and Switzerland (X%). The following importers - Canada (X tonnes), the U.S. (X tonnes), China, Hong Kong SAR (X tonnes), Sudan (X tonnes), Singapore (X tonnes), France (X tonnes) and Spain (X tonnes) - together made up X% of total imports.

From 2007 to 2018, average annual rates of growth with regard to jewellery imports into Japan stood at +X%. At the same time, Sudan (+X%), Canada (+X%), Switzerland (+X%), Singapore (+X%), the United Arab Emirates (+X%), Spain (+X%), France (+X%), the UK (+X%) and China, Hong Kong SAR (+X%) displayed positive paces of growth. Moreover, Sudan emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, the U.S. (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Japan, the UK, the United Arab Emirates, Switzerland, Canada, Sudan, Singapore and China, Hong Kong SAR increased by +X%, +X%, +X%, +X%, +X%, +X%, +X% and +X% percentage points, while the U.S. (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest jewellery importing markets into Latvia were China, Hong Kong SAR ($X), the United Arab Emirates ($X) and Switzerland ($X), together comprising X% of total imports.

Among the main importing countries, China, Hong Kong SAR experienced the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The jewellery import price in Latvia stood at $X per tonne in 2018, surging by X% against the previous year. Over the period under review, the jewellery import price continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2009 when the import price increased by X% y-o-y. Over the period under review, the import prices for jewellery reached their maximum in 2018 and is expected to retain its growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was China, Hong Kong SAR ($X per tonne), while Sudan ($X per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform

Product coverage:
• Prodcom 32121330 - Articles of jewellery and parts thereof of precious metal (including plated, clad)
• Prodcom 32121351 - Articles of goldsmiths
• Prodcom 32121353 - Articles of goldsmiths
• Prodcom 32121355 - Articles of goldsmiths

This report provides an in-depth analysis of the jewellery 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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