Latvia: Television Receiver Market 2024

Television Receiver Market Size in Latvia

In 2022, the Latvian television receiver market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption continues to indicate a abrupt slump. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Television Receiver Production in Latvia

In value terms, television receiver production rose to $X in 2022 estimated in export price. Over the period under review, production, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2020 with an increase of X%. Television receiver production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Television Receiver Exports

Exports from Latvia

In 2022, overseas shipments of television receivers increased by X% to X units, rising for the third consecutive year after three years of decline. Overall, exports, however, saw a mild shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, television receiver exports shrank markedly to $X in 2022. Over the period under review, exports, however, saw a slight decrease. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Lithuania (X units) was the main destination for television receiver exports from Latvia, with a X% share of total exports. Moreover, television receiver exports to Lithuania exceeded the volume sent to the second major destination, Estonia (X units), threefold. Poland (X units) ranked third in terms of total exports with a X% share.

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

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

From 2012 to 2022, the average annual rate of growth in terms of value 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 Poland (X% per year).

Export Prices by Country

The average television receiver export price stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2021, and then shrank dramatically in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Russia ($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 Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Television Receiver Imports

Imports into Latvia

In 2022, the amount of television receivers imported into Latvia shrank to X units, waning by X% on 2021 figures. In general, imports showed a mild curtailment. The most prominent rate of growth was recorded in 2020 with an increase of X%. Imports peaked at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, television receiver imports fell to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2021, and then declined in the following year.

Imports by Country

Poland (X units), Slovakia (X units) and Hungary (X units) were the main suppliers of television receiver imports to Latvia, with a combined X% share of total imports. Lithuania, Estonia and China lagged somewhat behind, together comprising a further X%.

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

In value terms, Hungary ($X), Poland ($X) and Slovakia ($X) were the largest television receiver suppliers to Latvia, with a combined X% share of total imports. Estonia, Lithuania and China lagged somewhat behind, together accounting for a further X%.

Estonia, with a CAGR of X%, recorded the highest rates of growth with regard to 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 television receiver import price stood at $X per unit in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

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 China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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