Electric Filament Lamp Price in Latvia - 2023

Electric Filament Lamp Price in Latvia (CIF) - 2022

The average electric filament lamp import price stood at $1.1 per unit in 2022, picking up by 11% against the previous year. In general, the import price recorded a remarkable increase. The pace of growth was the most pronounced in 2019 when the average import price increased by 59% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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 Ukraine ($3.3 per unit), while the price for Luxembourg ($0.3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+35.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Electric Filament Lamp Price in Latvia (FOB) - 2022

In 2022, the average electric filament lamp export price amounted to $2.3 per unit, rising by 27% against the previous year. In general, the export price saw a strong increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 152%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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 Estonia ($8.5 per unit), while the average price for exports to Germany ($0.8 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 Estonia (+36.4%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Filament Lamp Imports in Latvia

In 2022, the amount of electric filament lamps imported into Latvia declined sharply to 1.1M units, waning by -24.1% against the year before. Over the period under review, imports recorded a dramatic curtailment. Imports peaked at 3.8M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, electric filament lamp imports declined notably to $1.2M in 2022. In general, imports recorded a abrupt decrease. Over the period under review, imports attained the peak figure at $2.2M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Electric Filament Lamp in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Lithuania	522	579	490	334	-13.8%
Slovakia	85.3	200	189	246	42.3%
Poland	606	270	271	241	-26.5%
Finland	91.4	99.3	96.1	110	6.4%
Germany	247	136	94.2	69.6	-34.4%
France	25.6	14.4	119	62.3	34.5%
Luxembourg	11.7	5.8	12.4	5.9	-20.4%
Others	594	471	181	155	-36.1%
Total	2,183	1,775	1,453	1,223	-17.6%

Top Suppliers of Electric Filament Lamp to Latvia in 2022:

Lithuania (419.5K units)
Slovakia (331.7K units)
Poland (125.6K units)
Germany (65.8K units)
Finland (56.9K units)
France (40.6K units)
Luxembourg (22.1K units)

Electric Filament Lamp Exports in Latvia

For the third consecutive year, Latvia recorded decline in overseas shipments of electric filament lamps, which decreased by -34.4% to 331K units in 2022. In general, exports showed a dramatic decline. Over the period under review, the exports reached the peak figure at 2M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, electric filament lamp exports contracted significantly to $770K in 2022. Over the period under review, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 12%. As a result, the exports attained the peak of $1.1M. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Electric Filament Lamp in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Estonia	220	255	228	231	1.6%
Kazakhstan	0.3	0.1	N/A	153	699.0%
Sweden	24.3	12.5	50.3	125	72.6%
Germany	150	120	167	98.4	-13.1%
Lithuania	177	192	174	66.5	-27.8%
Russia	6.5	94.0	62.2	17.5	39.1%
Netherlands	120	302	171	15.7	-49.2%
United Kingdom	27.7	21.6	12.6	2.6	-54.6%
Slovenia	75.4	7.5	N/A	0.6	-80.0%
Spain	96.3	26.8	0.2	0.2	-87.2%
Others	64.0	49.9	59.3	60.3	-2.0%
Total	962	1,081	924	770	-7.2%