Latvia - Balls - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBall Price in Latvia - 2023
Contents:
- Ball Price in Latvia (CIF) - 2023
- Ball Price in Latvia (FOB) - 2023
- Ball Imports in Latvia
- Ball Exports in Latvia
Ball Price in Latvia (CIF) - 2023
The average ball import price stood at $3.1 per unit in October 2023, waning by -58.2% against the previous month. Overall, the import price continues to indicate a pronounced decline. The most prominent rate of growth was recorded in June 2023 an increase of 116% against the previous month. The import price peaked at $8.9 per unit in August 2023; however, from September 2023 to October 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Spain ($38.3 per unit), while the price for Belgium ($1.8 per unit) was amongst the lowest.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Spain (+36.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Ball Price in Latvia (FOB) - 2023
The average ball export price stood at $3.8 per unit in October 2023, reducing by -59.3% against the previous month. Overall, the export price, however, recorded measured growth. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 147% against the previous month. The export price peaked at $9.4 per unit in September 2023, and then declined significantly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Russia ($9.3 per unit), while the average price for exports to Poland ($2.7 per unit) was amongst the lowest.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (+33.9%), while the prices for the other major destinations experienced mixed trend patterns.
Ball Imports in Latvia
Ball imports into Latvia expanded sharply to 381K units in 2022, with an increase of 13% against the previous year. In general, imports, however, showed a noticeable slump. Imports peaked at 405K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, ball imports surged to $2M in 2022. The total import value increased at an average annual rate of +9.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Ball in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Estonia | 277 | 346 | 329 | 432 | 16.0% |
Germany | 538 | 300 | 292 | 425 | -7.6% |
Poland | 71.4 | 75.3 | 139 | 312 | 63.5% |
Lithuania | 256 | 262 | 312 | 232 | -3.2% |
Finland | 147 | 146 | 222 | 193 | 9.5% |
China | 57.8 | 80.5 | 85.7 | 120 | 27.6% |
Netherlands | 14.1 | 13.0 | 23.3 | 109 | 97.7% |
Sweden | 29.9 | 45.9 | 41.4 | 51.3 | 19.7% |
Austria | N/A | 10.0 | 2.6 | 35.7 | 88.9% |
Belgium | 46.9 | 43.8 | 0.8 | 26.3 | -17.5% |
Italy | 54.0 | 27.2 | 20.2 | 20.2 | -27.9% |
Denmark | 9.5 | 7.1 | 0.9 | 2.8 | -33.5% |
Others | 52.1 | 126 | 155 | 86.3 | 18.3% |
Total | 1,554 | 1,482 | 1,624 | 2,046 | 9.6% |
Top Suppliers of Ball to Latvia in 2022:
- Germany (97.4K units)
- Poland (60.8K units)
- China (42.3K units)
- Lithuania (39.2K units)
- Estonia (39.0K units)
- Netherlands (30.3K units)
- Austria (27.3K units)
- Finland (9.3K units)
- Belgium (7.0K units)
- Sweden (6.5K units)
- Italy (3.6K units)
- Denmark (2.6K units)
Ball Exports in Latvia
Ball exports from Latvia skyrocketed to 181K units in 2022, jumping by 84% against the previous year. Over the period under review, exports recorded buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, ball exports surged to $944K in 2022. Overall, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Ball in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lithuania | 248 | 236 | 224 | 400 | 17.3% |
Estonia | 147 | 190 | 231 | 371 | 36.2% |
Russia | 3.4 | 22.3 | 54.1 | 104 | 212.7% |
Belarus | 67.5 | 31.7 | 11.8 | 17.8 | -35.9% |
Kyrgyzstan | N/A | N/A | N/A | 16.8 | 0% |
Georgia | 4.1 | 7.3 | 34.3 | 4.3 | 1.6% |
Others | 2.5 | 8.3 | 6.7 | 30.5 | 130.2% |
Total | 472 | 496 | 562 | 944 | 26.0% |
Top Export Markets for Ball from Latvia in 2022:
- Estonia (78.8K units)
- Lithuania (69.1K units)
- Kyrgyzstan (12.1K units)
- Russia (10.0K units)
- Belarus (4.1K units)
- Georgia (2.4K units)
This report provides an in-depth analysis of the ball market in Latvia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 32301580 - Balls (excluding golf balls, table-tennis balls, medicine balls and punch balls)
Country coverage:
- Latvia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Latvia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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