Latvia: Market for Ceramic Wares For Laboratory Or Technical Uses 2024

Market Size for Ceramic Wares For Laboratory Or Technical Uses in Latvia

In 2022, the Latvian market for ceramic wares for laboratory or technical uses increased by 41% to $X, rising for the second year in a row after two years of decline. In general, consumption continues to indicate a buoyant expansion. Consumption of peaked in 2022 and is likely to see gradual growth in the near future.

Exports of Ceramic Wares For Laboratory Or Technical Uses

Exports from Latvia

In 2022, approx. X tons of ceramic wares for laboratory or technical uses were exported from Latvia; picking up by 719% on the year before. In general, exports enjoyed a significant expansion. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, exports of ceramic wares for laboratory or technical uses soared to $X in 2022. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 628% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Russia (X tons) was the main destination for exports of ceramic wares for laboratory or technical uses from Latvia, accounting for a 66% share of total exports. Moreover, exports of ceramic wares for laboratory or technical uses to Russia exceeded the volume sent to the second major destination, Lithuania (X tons), fourfold. Estonia (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia stood at +32.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+42.9% per year) and Estonia (+52.2% per year).

In value terms, Russia ($X) emerged as the key foreign market for ceramic wares for laboratory or technical uses exports from Latvia, comprising 55% of total exports. The second position in the ranking was held by Germany ($X), with a 16% share of total exports. It was followed by Estonia, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia totaled +19.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+141.8% per year) and Estonia (+45.3% per year).

Export Prices by Country

The average export price for ceramic wares for laboratory or technical uses stood at $X per ton in 2022, falling by -27.2% against the previous year. In general, the export price continues to indicate a deep reduction. The growth pace was the most rapid in 2019 an increase of 36%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Lithuania ($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 Germany (+22.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Ceramic Wares For Laboratory Or Technical Uses

Imports into Latvia

In 2022, imports of ceramic wares for laboratory or technical uses into Latvia totaled X tons, picking up by 7.9% against 2021. The total import volume increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by 21% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of ceramic wares for laboratory or technical uses surged to $X in 2022. In general, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 54%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) was the main ceramic wares for laboratory or technical uses supplier to Latvia, accounting for a 92% share of total imports. Moreover, imports of ceramic wares for laboratory or technical uses from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +2.4%.

In value terms, the largest ceramic wares for laboratory or technical uses suppliers to Latvia were China ($X) and Germany ($X).

China, with a CAGR of +186.3%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review.

Import Prices by Country

In 2022, the average import price for ceramic wares for laboratory or technical uses amounted to $X per ton, growing by 41% against the previous year. In general, the import price enjoyed a strong expansion. The pace of growth appeared the most rapid in 2015 when the average import price increased by 49% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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 China ($X per ton), while the price for Germany stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+0.4%).

Source: IndexBox Platform