Latvia - Plaits And Similar Products Of Plaiting Materials - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPlaits and Basketwork Price in Latvia - 2023
Contents:
- Plaits and Basketwork Price in Latvia (CIF) - 2023
- Plaits and Basketwork Price in Latvia (FOB) - 2022
- Plaits and Basketwork Imports in Latvia
- Plaits and Basketwork Exports in Latvia
Plaits and Basketwork Price in Latvia (CIF) - 2023
The average plaits and basketwork import price stood at $5,434 per ton in September 2023, rising by 6% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 75% month-to-month. The import price peaked at $8,859 per ton in May 2023; however, from June 2023 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the Netherlands ($12,939 per ton), while the price for India ($1,171 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Plaits and Basketwork Price in Latvia (FOB) - 2022
The average plaits and basketwork export price stood at $6,039 per ton in 2022, with an increase of 7.2% against the previous year. In general, the export price, however, showed a noticeable descent. The pace of growth was the most pronounced in 2021 an increase of 16%. The export price peaked at $7,872 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($22,038 per ton), while the average price for exports to Lithuania ($5,150 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+10.9%), while the prices for the other major destinations experienced a decline.
Plaits and Basketwork Imports in Latvia
After three years of growth, overseas purchases of plaits, basketwork, wickerwork and similar products of plaiting materials decreased by -19.1% to 377 tons in 2022. The total import volume increased at an average annual rate of +1.0% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 19% against the previous year. As a result, imports reached the peak of 466 tons, and then reduced markedly in the following year.
In value terms, plaits and basketwork imports reached $2.4M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +13.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 31%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
Import of Plaits and Basketwork in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | 277 | 441 | 526 | 833 | 44.3% |
China | 510 | 329 | 420 | 507 | -0.2% |
Vietnam | 262 | 401 | 519 | 247 | -1.9% |
Lithuania | 166 | 187 | 238 | 184 | 3.5% |
Germany | 171 | 156 | 186 | 112 | -13.2% |
Netherlands | 49.6 | 63.4 | 101 | 86.2 | 20.2% |
Denmark | 21.9 | 42.7 | 30.0 | 81.7 | 55.1% |
Others | 190 | 201 | 362 | 353 | 22.9% |
Total | 1,648 | 1,822 | 2,382 | 2,403 | 13.4% |
Top Suppliers of Plaits and Basketwork to Latvia in 2022:
- China (125.0 tons)
- Poland (124.1 tons)
- Lithuania (32.5 tons)
- Vietnam (30.8 tons)
- Germany (14.6 tons)
- Denmark (12.6 tons)
- Netherlands (8.6 tons)
Plaits and Basketwork Exports in Latvia
In 2022, shipments abroad of plaits, basketwork, wickerwork and similar products of plaiting materials decreased by -8.1% to 136 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a mild contraction. The most prominent rate of growth was recorded in 2020 with an increase of 41% against the previous year. As a result, the exports attained the peak of 200 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, plaits and basketwork exports contracted slightly to $823K in 2022. The total export value increased at an average annual rate of +3.6% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 31% against the previous year. As a result, the exports reached the peak of $972K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
Export of Plaits and Basketwork in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lithuania | 328 | 484 | 414 | 427 | 9.2% |
Estonia | 317 | 387 | 312 | 288 | -3.1% |
Russia | 26.3 | 18.9 | 29.0 | 73.0 | 40.5% |
Belarus | 65.9 | 75.3 | 71.1 | 14.6 | -39.5% |
Others | 2.7 | 6.7 | 8.8 | 19.7 | 94.0% |
Total | 740 | 972 | 835 | 823 | 3.6% |
Top Export Markets for Plaits and Basketwork from Latvia in 2022:
- Lithuania (83.0 tons)
- Estonia (45.6 tons)
- Russia (3.3 tons)
- Belarus (2.7 tons)
This report provides an in-depth analysis of the plaits and basketwork 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 16292500 - Manufactures of straw, of esparto or of other plaiting materials, basket ware and wickerwork
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
This report provides an in-depth analysis of the plaits and basketwork market in Latvia.
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This report provides an in-depth analysis of the global plaits and basketwork market.
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This report provides an in-depth analysis of the plaits and basketwork market in Latvia.
This report provides an in-depth analysis of the global plaits and basketwork market.
In 2016, approx. X tons of plaiting material were imported worldwide- standing approx. at the previous year figure. In general, plaiting material imports continue to indicate a abrupt decline. Th...
In 2016, the amount of plaiting material exported worldwide stood at X tons, lowering by -X% against the previous year level.
In 2016, approx. X tons of plaiting material were imported worldwide- standing approx. at the previous year figure. In general, plaiting material imports continue to indicate a abrupt decline. Th...
In 2016, the amount of plaiting material exported worldwide stood at X tons, lowering by -X% against the previous year level.