Latvia: Market for Non-PVC Floor, Wall and Ceiling Coverings 2024

Market Size for Non-PVC Floor, Wall and Ceiling Coverings in Latvia

The Latvian market for non-PVC floor, wall and ceiling coverings surged to $X in 2022, with an increase of X% against the previous year. In general, consumption posted a resilient increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Non-PVC Floor, Wall and Ceiling Coverings in Latvia

In value terms, production of non-PVC floor, wall and ceiling coverings expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production posted a significant increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Over the period under review, production of hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Non-PVC Floor, Wall and Ceiling Coverings

Exports from Latvia

In 2022, exports of non-PVC floor, wall and ceiling coverings from Latvia dropped rapidly to X square meters, declining by X% against 2021. In general, exports, however, showed significant growth. The pace of growth was the most pronounced in 2014 when exports increased by X%. The exports peaked at X square meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of non-PVC floor, wall and ceiling coverings totaled $X in 2022. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

Lithuania (X square meters) was the main destination for exports of non-PVC floor, wall and ceiling coverings from Latvia, accounting for a X% share of total exports. Moreover, exports of non-PVC floor, wall and ceiling coverings to Lithuania exceeded the volume sent to the second major destination, Estonia (X square meters), fourfold. Denmark (X square meters) ranked third in terms of total exports with a X% share.

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

In value terms, Denmark ($X), Lithuania ($X) and Estonia ($X) appeared to be the largest markets for non-PVC floor, wall and ceiling coverings exported from Latvia worldwide, together accounting for X% of total exports. Ireland and Finland lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Ireland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for non-PVC floor, wall and ceiling coverings stood at $X per square meter in 2022, surging by X% against the previous year. In general, the export price recorded tangible growth. Over the period under review, the average export prices reached the peak figure at $X per square meter in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Non-PVC Floor, Wall and Ceiling Coverings

Imports into Latvia

In 2022, the amount of non-PVC floor, wall and ceiling coverings imported into Latvia fell sharply to X square meters, declining by X% against the year before. Over the period under review, imports saw a noticeable decline. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of X square meters. From 2019 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of non-PVC floor, wall and ceiling coverings fell rapidly to $X in 2022. In general, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports of attained the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Poland (X square meters), Denmark (X square meters) and China (X square meters) were the main suppliers of imports of non-PVC floor, wall and ceiling coverings to Latvia, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Lithuania ($X) and Poland ($X) appeared to be the largest non-PVC floor, wall and ceiling coverings suppliers to Latvia, with a combined X% share of total imports.

Denmark, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for non-PVC floor, wall and ceiling coverings stood at $X per square meter in 2022, rising by X% against the previous year. In general, the import price enjoyed strong growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belarus ($X per square meter), while the price for the Netherlands ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform

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