Latvia: Market for Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips 2025

Market Size for Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips in Latvia

For the fifth consecutive year, the Latvian chain scoops and sliders market recorded growth in sales value, which increased by 4.9% to $X in 2022. Over the period under review, consumption enjoyed a buoyant increase. Over the period under review, the market attained the maximum level in 2022 and is likely to see steady growth in the immediate term.

Exports of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

Exports from Latvia

In 2022, exports of chain scoops, sliders, runners, end pieces and narrow strips from Latvia expanded significantly to X tons, picking up by 9.8% on the year before. Overall, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 341% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, chain scoops and sliders exports shrank slightly to $X in 2022. Over the period under review, exports posted a resilient increase. The pace of growth appeared the most rapid in 2020 when exports increased by 349%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for chain scoops and sliders exports from Latvia, accounting for a 83% share of total exports. Moreover, chain scoops and sliders exports to Russia exceeded the volume sent to the second major destination, Kyrgyzstan (X kg), more than tenfold. Vietnam (X kg) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia amounted to +35.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (0.0% per year) and Vietnam (+67.0% per year).

In value terms, Russia ($X) remains the key foreign market for chain scoops, sliders, runners, end pieces and narrow strips exports from Latvia, comprising 77% of total exports. The second position in the ranking was held by Vietnam ($X), with a 9.8% share of total exports. It was followed by Kyrgyzstan, with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia amounted to +32.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+145.7% per year) and Kyrgyzstan (0.0% per year).

Export Prices by Country

The average chain scoops and sliders export price stood at $X per ton in 2022, waning by -9.6% against the previous year. Over the period under review, the export price showed a noticeable decrease. The most prominent rate of growth was recorded in 2016 when the average export price increased by 47%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Russia ($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 Vietnam (+13.0%), while the prices for the other major destinations experienced a decline.

Imports of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

Imports into Latvia

In 2022, chain scoops and sliders imports into Latvia rose significantly to X tons, growing by 8.1% compared with the previous year's figure. Over the period under review, imports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2020 when imports increased by 242%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, chain scoops and sliders imports rose slightly to $X in 2022. Overall, imports posted a remarkable increase. The growth pace was the most rapid in 2016 with an increase of 103%. Imports peaked at $X in 2020; afterwards, it flattened through to 2022.

Imports by Country

In 2022, China (X tons) constituted the largest chain scoops and sliders supplier to Latvia, with a 61% share of total imports. Moreover, chain scoops and sliders imports from China exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), fivefold. Lithuania (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +68.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+36.7% per year) and Lithuania (+1.0% per year).

In value terms, China ($X) constituted the largest supplier of chain scoops, sliders, runners, end pieces and narrow strips to Latvia, comprising 47% of total imports. The second position in the ranking was held by Denmark ($X), with an 8.4% share of total imports. It was followed by Lithuania, with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +45.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+25.4% per year) and Lithuania (+6.7% per year).

Import Prices by Country

In 2022, the average chain scoops and sliders import price amounted to $X per ton, which is down by -4.4% against the previous year. Overall, the import price recorded a perceptible descent. The growth pace was the most rapid in 2016 an increase of 34%. Over the period under review, average import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform