Latvia: Billiard Accessoires Market 2024

Billiard Accessoires Market Size in Latvia

The Latvian billiard accessoires market shrank to $X in 2022, which is down by -9.7% against the previous year. Overall, consumption showed a abrupt decrease. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Billiard Accessoires Production in Latvia

In value terms, billiard accessoires production declined slightly to $X in 2022 estimated in export price. Over the period under review, production, however, posted a tangible increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by 244%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Billiard Accessoires Exports

Exports from Latvia

In 2022, the amount of articles and accessories for billiards exported from Latvia soared to X tons, growing by 130% against 2021 figures. Overall, exports, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2020 with an increase of 70,450%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, billiard accessoires exports reduced sharply to $X in 2022. Over the period under review, exports, however, recorded a sharp shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 55,130%. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Canada (X tons), Georgia (X tons) and the UK (X kg) were the main destinations of billiard accessoires exports from Latvia, with a combined 97% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +199.1%), while shipments for the other leaders experienced more modest paces of growth.

It was followed by the UK, with a 5.4% share.

From 2012 to 2022, the average annual growth rate of value to Georgia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-41.4% per year) and the UK (+83.3% per year).

Export Prices by Country

The average billiard accessoires export price stood at $X per ton in 2022, declining by -94.8% against the previous year. Over the period under review, the export price continues to indicate a sharp descent. The pace of growth appeared the most rapid in 2014 when the average export price increased by 1,161% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 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 Georgia ($X per ton), while the average price for exports to Canada ($X 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 Lithuania (+0.8%), while the prices for the other major destinations experienced a decline.

Billiard Accessoires Imports

Imports into Latvia

In 2022, the amount of articles and accessories for billiards imported into Latvia dropped markedly to X tons, with a decrease of -70.1% compared with the previous year's figure. Over the period under review, imports saw a precipitous shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 518% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, billiard accessoires imports reduced remarkably to $X in 2022. In general, imports recorded a sharp reduction. The growth pace was the most rapid in 2020 with an increase of 567%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X kg) constituted the largest supplier of billiard accessoires to Latvia, accounting for a 50% share of total imports. Moreover, billiard accessoires imports from the United States exceeded the figures recorded by the second-largest supplier, China (X kg), twofold. The third position in this ranking was held by Poland (X kg), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to +15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-26.8% per year) and Poland (-8.3% per year).

In value terms, the United States ($X) constituted the largest supplier of articles and accessories for billiards to Latvia, comprising 78% of total imports. The second position in the ranking was taken by Poland ($X), with a 4.2% share of total imports. It was followed by China, with a 3.9% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +37.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-2.9% per year) and China (-19.6% per year).

Import Prices by Country

The average billiard accessoires import price stood at $X per ton in 2022, picking up by 150% against the previous year. Overall, the import price saw a strong increase. The pace of growth appeared the most rapid in 2016 when the average import price increased by 271%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a lower figure.

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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+34.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform