Latvia: Porous-Tipped Pen Market 2024

Porous-Tipped Pen Market Size in Latvia

In 2022, the Latvian porous-tipped pen market increased by X% to $X, rising for the second year in a row after three years of decline. In general, consumption showed a prominent expansion. Porous-tipped pen consumption peaked in 2022 and is likely to see steady growth in the near future.

Porous-Tipped Pen Exports

Exports from Latvia

In 2022, the amount of porous-tipped pens and markers exported from Latvia rose markedly to X units, picking up by X% compared with the previous year. In general, exports, however, saw a deep contraction. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, porous-tipped pen exports expanded to $X in 2022. Over the period under review, exports, however, saw a slight decline. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X units) was the main destination for porous-tipped pen exports from Latvia, with a X% share of total exports. Moreover, porous-tipped pen exports to Spain exceeded the volume sent to the second major destination, Russia (X units), twofold. The third position in this ranking was taken by Lithuania (X units), with a X% share.

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

In value terms, the largest markets for porous-tipped pen exported from Latvia were Lithuania ($X), Estonia ($X) and Spain ($X), together accounting for X% of total exports. Russia, Romania, Bulgaria, Belarus, Lebanon, the UK, Slovakia, Malta and Belgium lagged somewhat behind, together comprising a further X%.

Lebanon, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average porous-tipped pen export price stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the export price, however, saw a remarkable increase. The pace of growth was the most pronounced in 2017 an increase of X%. The export price peaked at $X per unit in 2021, and then contracted in the following year.

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

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

Porous-Tipped Pen Imports

Imports into Latvia

In 2022, overseas purchases of porous-tipped pens and markers increased by X% to X units, rising for the second year in a row after three years of decline. Over the period under review, total imports indicated a moderate expansion from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, porous-tipped pen imports expanded sharply to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

China (X units), Malaysia (X units) and India (X units) were the main suppliers of porous-tipped pen imports to Latvia, together comprising X% of total imports. Poland, France, Italy, Hungary, Lithuania, Germany, Estonia and the UK lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest porous-tipped pen suppliers to Latvia were Malaysia ($X), Germany ($X) and China ($X), together accounting for X% of total imports. Lithuania, Estonia, Poland, France, Italy, India, Hungary and the UK lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X%, saw 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 porous-tipped pen import price stood at $X per unit in 2022, falling by X% against the previous year. In general, the import price, however, enjoyed temperate growth. The pace of growth appeared the most rapid in 2020 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Estonia ($X per unit), while the price for China ($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

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