Latvia: Non-Cellular Polypropylene Film Market 2024

Non-Cellular Polypropylene Film Market Size in Latvia

The Latvian non-cellular polypropylene film market reached $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Non-Cellular Polypropylene Film Production in Latvia

In value terms, non-cellular polypropylene film production rose rapidly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Non-Cellular Polypropylene Film Exports

Exports from Latvia

In 2022, approx. X tons of non-cellular polypropylene films, sheets, foil and strip were exported from Latvia; shrinking by X% against the year before. Overall, exports recorded a perceptible reduction. The pace of growth appeared the most rapid in 2017 with an increase of X%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, non-cellular polypropylene film exports contracted sharply to $X in 2022. In general, exports recorded a slight setback. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2021, and then fell significantly in the following year.

Exports by Country

Russia (X tons) was the main destination for non-cellular polypropylene film exports from Latvia, accounting for a X% share of total exports. Moreover, non-cellular polypropylene film exports to Russia exceeded the volume sent to the second major destination, Sweden (X tons), fourfold. The third position in this ranking was taken by Estonia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Russia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Estonia (X% per year).

In value terms, Russia ($X) remains the key foreign market for non-cellular polypropylene films, sheets, foil and strip exports from Latvia, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by Sweden, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Sweden (X% per year).

Export Prices by Country

The average non-cellular polypropylene film export price stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2020 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Cellular Polypropylene Film Imports

Imports into Latvia

In 2022, approx. X tons of non-cellular polypropylene films, sheets, foil and strip were imported into Latvia; with a decrease of X% against the previous year. In general, imports saw a perceptible curtailment. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, non-cellular polypropylene film imports declined to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

Poland (X tons), Lithuania (X tons) and the Netherlands (X tons) were the main suppliers of non-cellular polypropylene film imports to Latvia, with a combined X% share of total imports. Italy, Belgium, Slovenia, Russia, Turkey, Germany, the Czech Republic, Spain, India and Estonia lagged somewhat behind, together comprising a further X%.

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

In value terms, Lithuania ($X), Poland ($X) and the Netherlands ($X) appeared to be the largest non-cellular polypropylene film suppliers to Latvia, with a combined X% share of total imports. Italy, Belgium, Turkey, Germany, Slovenia, Russia, Spain, Estonia, India and the Czech Republic lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Russia, with a CAGR of X%, saw 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 non-cellular polypropylene film import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, import price indicated notable growth 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, non-cellular polypropylene film import price increased by X% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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