Latvia: Skis Market 2024

Skis Market Size in Latvia

The Latvian skis market soared to $X in 2022, jumping 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, consumption saw a mild expansion. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the near future.

Skis Exports

Exports from Latvia

Skis exports from Latvia contracted dramatically to X pairs in 2022, shrinking by X% compared with the previous year's figure. Overall, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports attained the maximum at X pairs in 2021, and then declined notably in the following year.

In value terms, skis exports contracted dramatically to $X in 2022. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then reduced notably in the following year.

Exports by Country

Estonia (X pairs) was the main destination for skis exports from Latvia, accounting for a X% share of total exports. Moreover, skis exports to Estonia exceeded the volume sent to the second major destination, Lithuania (X pairs), fourfold. The third position in this ranking was held by Hong Kong SAR (X pairs), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Estonia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (X% per year) and Hong Kong SAR (X% per year).

In value terms, Estonia ($X) remains the key foreign market for skis for winter sports exports from Latvia, comprising X% of total exports. The second position in the ranking was taken by Lithuania ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Estonia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

In 2022, the average skis export price amounted to $X per pair, falling by X% against the previous year. Over the period under review, the export price continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. As a result, the export price reached the peak level of $X per pair. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per pair), while the average price for exports to Kazakhstan ($X per pair) was amongst the lowest.

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

Skis Imports

Imports into Latvia

In 2022, the amount of skis for winter sports imported into Latvia skyrocketed to X pairs, growing by X% against the previous year. In general, imports recorded a noticeable expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, skis imports soared to $X in 2022. Overall, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Sweden (X pairs), China (X pairs) and France (X pairs) were the main suppliers of skis imports to Latvia.

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

In value terms, Sweden ($X), Norway ($X) and France ($X) constituted the largest skis suppliers to Latvia, with a combined X% share of total imports.

Sweden, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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 skis import price stood at $X per pair in 2022, standing approx. at the previous year. Over the period under review, import price indicated strong 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, skis import price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, import price attained the peak level of $X per pair. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per pair), while the price for Hungary ($X per pair) was amongst the lowest.

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

Source: IndexBox Platform

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