Latvia: Ceramic Statuette Market 2024

Ceramic Statuette Market Size in Latvia

The Latvian ceramic statuette market reduced modestly to $X in 2022, with a decrease of -4.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +45.4% against 2020 indices. As a result, consumption reached the peak level of $X, and then contracted slightly in the following year.

Ceramic Statuette Exports

Exports from Latvia

After seven years of growth, shipments abroad of ceramic statuettes and other ornamental articles decreased by -38.8% to X tons in 2022. Overall, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2020 when exports increased by 227%. Over the period under review, the exports hit record highs at X tons in 2021, and then fell dramatically in the following year.

In value terms, ceramic statuette exports declined remarkably to $X in 2022. Over the period under review, exports, however, recorded a temperate increase. The pace of growth appeared the most rapid in 2020 with an increase of 248% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Lithuania (X tons), Estonia (X tons) and Russia (X tons) were the main destinations of ceramic statuette exports from Latvia, with a combined 94% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +19.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ceramic statuette exported from Latvia were Lithuania ($X), Estonia ($X) and Russia ($X), with a combined 84% share of total exports.

Among the main countries of destination, Russia, with a CAGR of +12.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ceramic statuette export price stood at $X per ton in 2022, flattening at the previous year. Over the period under review, the export price, however, saw a noticeable decline. The pace of growth appeared the most rapid in 2014 when the average export price increased by 46% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Estonia ($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 Lithuania (+1.4%), while the prices for the other major destinations experienced a decline.

Ceramic Statuette Imports

Imports into Latvia

In 2022, after three years of growth, there was significant decline in supplies from abroad of ceramic statuettes and other ornamental articles, when their volume decreased by -15.9% to X tons. Over the period under review, total imports indicated a modest increase from 2012 to 2022: its volume increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.0% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of 32%. As a result, imports reached the peak of X tons, and then contracted dramatically in the following year.

In value terms, ceramic statuette imports fell to $X in 2022. Overall, imports, however, continue to indicate a temperate increase. The most prominent rate of growth was recorded in 2021 when imports increased by 37% against the previous year. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

Poland (X tons), Germany (X tons) and Lithuania (X tons) were the main suppliers of ceramic statuette imports to Latvia, together accounting for 73% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +18.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ceramic statuette suppliers to Latvia were Poland ($X), Germany ($X) and Lithuania ($X), together comprising 68% of total imports.

Among the main suppliers, Poland, with a CAGR of +17.4%, saw the highest rates of growth with regard to 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

In 2022, the average ceramic statuette import price amounted to $X per ton, with an increase of 5.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 18%. As a result, import price attained the peak level of $X per ton; afterwards, it flattened through to 2022.

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 Netherlands ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform