Latvia: Register Book Market 2024

Register Book Market Size in Latvia

In 2023, the Latvian register book market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, the total consumption indicated a prominent increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2021 indices. Register book consumption peaked in 2023 and is likely to continue growth in the immediate term.

Register Book Production in Latvia

In value terms, register book production reduced to $X in 2023 estimated in export price. Overall, production showed a abrupt curtailment. The pace of growth appeared the most rapid in 2014 with an increase of X%. Register book production peaked at $X in 2015; however, from 2016 to 2023, production remained at a lower figure.

Register Book Exports

Exports from Latvia

Register book exports from Latvia dropped dramatically to X tons in 2023, falling by X% compared with the previous year. In general, exports saw a perceptible setback. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked at X tons in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

In value terms, register book exports dropped significantly to $X in 2023. Overall, exports showed a noticeable contraction. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Lithuania (X tons) was the main destination for register book exports from Latvia, accounting for a X% share of total exports. Moreover, register book exports to Lithuania exceeded the volume sent to the second major destination, Estonia (X tons), fourfold. Serbia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume 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 Serbia (X% per year).

In value terms, Lithuania ($X) remains the key foreign market for registers, account books, order books and receipt books exports from Latvia, comprising X% of total exports. The second position in the ranking was held by Estonia ($X), with a X% share of total exports. It was followed by Serbia, with an X% share.

From 2012 to 2023, 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 Serbia (X% per year).

Export Prices by Country

In 2023, the average register book export price amounted to $X per ton, increasing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Register Book Imports

Imports into Latvia

In 2023, approx. X tons of registers, account books, order books and receipt books were imported into Latvia; with an increase of X% against 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, register book imports surged to $X in 2023. In general, total imports indicated a perceptible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2023, imports remained at a lower figure.

Imports by Country

Poland (X tons), China (X tons) and Estonia (X tons) were the main suppliers of register book imports to Latvia, with a combined X% share of total imports. Lithuania, Germany, Denmark, the Netherlands, Turkey, Switzerland and Russia lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constituted the largest supplier of registers, account books, order books and receipt books to Latvia, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Lithuania, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Poland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Lithuania (X% per year).

Import Prices by Country

The average register book import price stood at $X per ton in 2023, picking up by X% against the previous year. Over the period under review, import price indicated a temperate expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, register book import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, 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