Latvia: Ceramic Household Article Market 2020

Ceramic Household Article Market Size in Latvia

The revenue of the ceramic household article market in Latvia amounted to $X in 2018, shrinking by -X% against the previous year. Over the period under review, ceramic household article consumption continues to indicate an abrupt reduction. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. In that year, the ceramic household article market attained its peak level of $X. From 2014 to 2018, the growth of the ceramic household article market failed to regain its momentum.

Ceramic Household Article Production in Latvia

In value terms, ceramic household article production stood at $X in 2018 estimated in export prices. In general, ceramic household article production continues to indicate a drastic curtailment. The growth pace was the most rapid in 2013 when production volume decreased by -X% against the previous year. Latvia ceramic household article production peaked at $X in 2007; however, from 2008 to 2018, production remained at a lower figure.

Ceramic Household Article Exports

Exports from Latvia

In 2018, approx. X tons of ceramic household articles and toilet articles were exported from Latvia; declining by -X% against the previous year. Overall, ceramic household article exports continue to indicate a drastic shrinkage. The pace of growth was the most pronounced in 2014 when exports increased by X% year-to-year. Latvia exports peaked at X tons in 2008; however, from 2009 to 2018, exports failed to regain their momentum.

In value terms, ceramic household article exports amounted to $X in 2018. In general, ceramic household article exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by X% year-to-year. In that year, ceramic household article exports reached their peak of $X. From 2015 to 2018, the growth of ceramic household article exports remained at a lower figure.

Exports by Country

China dominates ceramic household article exports structure, amounting to X tons, which was near X% of total exports in 2018. Portugal (X tons), Thailand (X tons), Germany (X tons) and Romania (X tons) held a little share of total exports.

China was also the fastest-growing in terms of the ceramic household articles and toilet articles exports, with a CAGR of +X% from 2007 to 2018. At the same time, Romania (+X%) and Portugal (+X%) displayed positive paces of growth. Thailand and Germany experienced a relatively flat trend pattern. China (+X p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest ceramic household article supplier from Latvia, comprising X% of global exports. The second position in the ranking was occupied by Germany ($X), with a X% share of global exports. It was followed by Thailand, with a X% share.

In China, ceramic household article exports expanded at an average annual rate of +X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+X% per year) and Thailand (+X% per year).

Export Prices by Country

The ceramic household article export price in Latvia stood at $X per ton in 2018, approximately equating the previous year. In general, the ceramic household article export price, however, continues to indicate a prominent increase. The growth pace was the most rapid in 2011 when the export price increased by X% year-to-year. Latvia export price peaked at $X per ton in 2014; however, from 2015 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Germany ($X per ton), while Romania ($X per ton) was amongst the lowest.

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

Ceramic Household Article Imports

Imports into Latvia

Ceramic household article imports into Latvia amounted to X tons in 2018, waning by -X% against the previous year. Over the period under review, ceramic household article imports continue to indicate a deep deduction. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Over the period under review, ceramic household article imports attained their peak figure at X tons in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, ceramic household article imports totaled $X in 2018. In general, ceramic household article imports continue to indicate a deep descent. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. Over the period under review, ceramic household article imports attained their peak figure at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, the U.S. (X tons), distantly followed by Italy (X tons) and Germany (X tons) represented the major importers of ceramic household articles and toilet articles, together comprising X% of total imports. The following importers - the UK (X tons), France (X tons), Russia (X tons), South Africa (X tons), Canada (X tons), the Netherlands (X tons), Australia (X tons), Japan (X tons) and Kazakhstan (X tons) - together made up X% of total imports.

From 2007 to 2018, average annual rates of growth with regard to ceramic household article imports into the U.S. stood at -X%. At the same time, Kazakhstan (+X%), South Africa (+X%) and the Netherlands (+X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Italy and Australia experienced a relatively flat trend pattern. By contrast, Germany (-X%), Russia (-X%), France (-X%), Canada (-X%), the UK (-X%) and Japan (-X%) illustrated a downward trend over the same period. Kazakhstan (+X p.p.) significantly strengthened its position in terms of the global imports, while France, the UK and the U.S. saw its share reduced by -X%, -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported ceramic household articles and toilet articles into Latvia, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by the UK, with a X% share.

In the U.S., ceramic household article imports remained relatively stable over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+X% per year) and the UK (-X% per year).

Import Prices by Country

The ceramic household article import price in Latvia stood at $X per ton in 2018, increasing by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2009 when the import price increased by X% y-o-y. Latvia import price peaked in 2018 and is likely to continue its growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Japan ($X per ton), while South Africa ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform