Latvia: Glass Container Market 2020

Glass Container Market Size in Latvia

The revenue of the glass container market in Latvia amounted to $X in 2018, going up by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when the market value increased by X% against the previous year. Over the period under review, the glass container market attained its maximum level at $X in 2014; however, from 2015 to 2018, consumption stood at a somewhat lower figure.

Glass Container Production in Latvia

In value terms, glass container production totaled $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when production volume increased by X% against the previous year. In that year, glass container production reached its peak level and is likely to continue its growth in the immediate term.

Glass Container Exports

Exports from Latvia

In 2018, the amount of bottles, jars and other containers of glass exported from Latvia totaled X units, going up by X% against the previous year. In general, glass container exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Over the period under review, glass container exports attained their peak figure at X units in 2013; however, from 2014 to 2018, exports remained at a lower figure.

In value terms, glass container exports amounted to $X in 2018. Over the period under review, glass container exports continue to indicate remarkable growth. The growth pace was the most rapid in 2008 when exports increased by X% against the previous year. Latvia exports peaked in 2018 and are likely to continue its growth in the near future.

Exports by Country

China (X units), Germany (X units) and Portugal (X units) represented roughly X% of total exports of bottles, jars and other containers of glass in 2018. It was distantly followed by Spain (X units) and the Netherlands (X units), together committing a X% share of total exports. The following exporters - Poland (X units), France (X units), Mexico (X units), Russia (X units), Italy (X units), the U.S. (X units) and the Czech Republic (X units) - together made up X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Spain, while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Italy ($X) constituted the countries with the highest levels of exports in 2018, with a combined X% share of total exports.

China experienced the highest growth rate of exports, in terms of the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The glass container export price in Latvia stood at $X per unit in 2018, rising by X% against the previous year. Overall, the glass container export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the export price increased by X% year-to-year. Over the period under review, the export prices for bottles, jars and other containers of glass attained their peak figure at $X per unit in 2008; however, from 2009 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by France, while the other leaders experienced more modest paces of growth.

Glass Container Imports

Imports into Latvia

In 2018, approx. X units of bottles, jars and other containers of glass were imported into Latvia; remaining relatively unchanged against the previous year. Over the period under review, glass container imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Latvia imports peaked at X units in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

In value terms, glass container imports totaled $X in 2018. Over the period under review, glass container imports continue to indicate a temperate reduction. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Latvia imports peaked at $X in 2008; however, from 2009 to 2018, imports remained at a lower figure.

Imports by Country

The U.S. (X units), France (X units), Spain (X units), Belgium (X units), Italy (X units) and Germany (X units) represented roughly X% of total imports of bottles, jars and other containers of glass in 2018. The following importers - the Netherlands (X units), Mexico (X units), Australia (X units), Portugal (X units), Poland (X units) and Canada (X units) - each finished at an X% share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Belgium, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), France ($X) and Italy ($X) constituted the countries with the highest levels of imports in 2018, together comprising X% of total imports. Spain, Belgium, Germany, Canada, Poland, the Netherlands, Mexico, Australia, Portugal and Latvia lagged somewhat behind, together accounting for a further X terms of the main importing countries, Portugal experienced the highest growth rate of imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The glass container import price in Latvia stood at $X per unit in 2018, going up by X% against the previous year. Overall, the glass container import price, however, continues to indicate a pronounced drop. The growth pace was the most rapid in 2011 an increase of X% y-o-y. Latvia import price peaked at $X per unit in 2007; however, from 2008 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Canada, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform