Latvia: Umbrella And Walking-Stick Market 2024

Umbrella And Walking-Stick Market Size in Latvia

The Latvian umbrella and walking-stick market surged to $X in 2022, with an increase of 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). Over the period under review, the total consumption indicated a tangible expansion from 2012 to 2022: its value 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, consumption increased by X% against 2018 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Umbrella And Walking-Stick Exports

Exports from Latvia

In 2022, overseas shipments of umbrellas and walking-sticks decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports saw a noticeable slump. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, umbrella and walking-stick exports soared to $X in 2022. Overall, exports, however, posted tangible growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

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

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

In value terms, Germany ($X), Lithuania ($X) and Estonia ($X) appeared to be the largest markets for umbrella and walking-stick exported from Latvia worldwide, together accounting for X% of total exports.

Germany, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average umbrella and walking-stick export price amounted to $X per unit, surging by X% against the previous year. Over the period under review, the export price continues to indicate a remarkable increase. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

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

Umbrella And Walking-Stick Imports

Imports into Latvia

After two years of decline, supplies from abroad of umbrellas and walking-sticks increased by X% to X units in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. Imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, umbrella and walking-stick imports surged to $X in 2022. Overall, total imports indicated a modest expansion from 2012 to 2022: its value 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 2018 indices. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

Italy (X units), China (X units) and Poland (X units) were the main suppliers of umbrella and walking-stick imports to Latvia, with a combined X% share of total imports. Germany, Austria, Belgium, Lithuania and the Netherlands lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest umbrella and walking-stick suppliers to Latvia were China ($X), Italy ($X) and Germany ($X), together accounting for X% of total imports. Poland, Belgium, Lithuania, Austria and the Netherlands lagged somewhat behind, together comprising a further X%.

Belgium, with a CAGR of X%, saw the highest growth rate of 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 umbrella and walking-stick import price stood at $X per unit in 2022, waning 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 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit, and then dropped in the following year.

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 Lithuania ($X per unit), while the price for the Netherlands ($X per unit) 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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