Latvia: Market for Base Metal Fittings For Loose-Leaf Binders Or Files 2024

Market Size for Base Metal Fittings For Loose-Leaf Binders Or Files in Latvia

In 2022, after two years of growth, there was significant decline in the Latvian loose-leaf binder metal fitting market, when its value decreased by -32.7% to $X. Over the period under review, consumption recorded a perceptible setback. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Base Metal Fittings For Loose-Leaf Binders Or Files in Latvia

In value terms, loose-leaf binder metal fitting production totaled $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with a decrease of 99.9% against the previous year. Over the period under review, production attained the maximum level in 2022 and is likely to see gradual growth in years to come.

Exports of Base Metal Fittings For Loose-Leaf Binders Or Files

Exports from Latvia

In 2022, approx. X kg of base metal fittings for loose-leaf binders or files were exported from Latvia; dropping by -93.3% compared with the year before. Overall, exports showed a deep reduction. The growth pace was the most rapid in 2013 with an increase of 965%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, loose-leaf binder metal fitting exports contracted significantly to $X in 2022. In general, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2013 with an increase of 811%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Finland (X kg) was the main destination for loose-leaf binder metal fitting exports from Latvia, with a 89% share of total exports. Moreover, loose-leaf binder metal fitting exports to Finland exceeded the volume sent to the second major destination, Norway (X kg), eightfold.

From 2012 to 2022, the average annual growth rate of volume to Finland amounted to +32.4%.

In value terms, Finland ($X) and Norway ($X) constituted the largest markets for loose-leaf binder metal fitting exported from Latvia worldwide.

Finland, with a CAGR of +60.4%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average loose-leaf binder metal fitting export price stood at $X per ton in 2022, increasing by 326% against the previous year. Overall, the export price posted perceptible growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Finland stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+21.2%).

Imports of Base Metal Fittings For Loose-Leaf Binders Or Files

Imports into Latvia

In 2022, approx. X tons of base metal fittings for loose-leaf binders or files were imported into Latvia; with a decrease of -35.1% on 2021 figures. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 215% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, loose-leaf binder metal fitting imports contracted markedly to $X in 2022. Over the period under review, imports showed a pronounced downturn. The most prominent rate of growth was recorded in 2018 with an increase of 206% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of loose-leaf binder metal fitting to Latvia, with a 64% share of total imports. Moreover, loose-leaf binder metal fitting imports from Poland exceeded the figures recorded by the second-largest supplier, Austria (X tons), fourfold. The Netherlands (X kg) ranked third in terms of total imports with a 6.7% share.

From 2012 to 2022, the average annual growth rate of volume from Poland stood at +34.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+23.3% per year) and the Netherlands (-13.7% per year).

In value terms, Poland ($X) constituted the largest supplier of base metal fittings for loose-leaf binders or files to Latvia, comprising 50% of total imports. The second position in the ranking was taken by Austria ($X), with a 23% share of total imports. It was followed by the Netherlands, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland amounted to +28.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+59.0% per year) and the Netherlands (-12.6% per year).

Import Prices by Country

The average loose-leaf binder metal fitting import price stood at $X per ton in 2022, surging by 5.4% against the previous year. Overall, the import price, however, saw a pronounced curtailment. The pace of growth appeared the most rapid in 2013 an increase of 75%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+28.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform