Latvia: Paper Articles Market 2024

Paper Articles Market Size in Latvia

The Latvian paper articles market rose slightly to $X in 2022, picking up by X% against the previous year. Overall, consumption recorded a moderate increase. Paper articles consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Paper Articles Production in Latvia

In value terms, paper articles production expanded to $X in 2022 estimated in export price. Over the period under review, production showed a mild increase. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Paper Articles Exports

Exports from Latvia

In 2022, after two years of growth, there was significant decline in shipments abroad of boxes, pouches, wallets and writing compendiums of paper, when their volume decreased by X% to X tons. In general, exports, however, posted tangible growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, paper articles exports contracted to $X in 2022. Over the period under review, exports, however, saw prominent growth. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Lithuania (X tons) was the main destination for paper articles exports from Latvia, with a X% share of total exports. Moreover, paper articles exports to Lithuania exceeded the volume sent to the second major destination, Estonia (X tons), threefold.

From 2012 to 2022, 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 the UK (X% per year).

In value terms, Lithuania ($X) remains the key foreign market for boxes, pouches, wallets and writing compendiums of paper exports from Latvia, comprising X% of total exports. The second position in the ranking was taken by Estonia ($X), with an X% share of total exports.

From 2012 to 2022, 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 the UK (X% per year).

Export Prices by Country

In 2022, the average paper articles export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price recorded slight growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Estonia ($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 Kazakhstan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Paper Articles Imports

Imports into Latvia

In 2022, approx. X tons of boxes, pouches, wallets and writing compendiums of paper were imported into Latvia; picking up by X% against 2021. Over the period under review, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, paper articles imports soared to $X in 2022. Overall, imports showed a buoyant increase. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Lithuania (X tons), Estonia (X tons) and Poland (X tons) were the main suppliers of paper articles imports to Latvia, together accounting for X% of total imports. China and Germany lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X), Estonia ($X) and Poland ($X) appeared to be the largest paper articles suppliers to Latvia, with a combined X% share of total imports. China and Germany lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, China, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average paper articles import price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the import price, however, continues to indicate a slight descent. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, 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 Germany ($X per ton), while the price for Estonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform