Latvia: Market for Dentist And Barber Chairs 2024

Market Size for Dentist And Barber Chairs in Latvia

The Latvian dentist or barber chair market shrank to $X in 2022, with a decrease of -10.3% against the previous year. Over the period under review, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.4% 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 +24.0% against 2020 indices. Dentist or barber chair consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of Dentist And Barber Chairs in Latvia

In value terms, dentist or barber chair production fell remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2014 when the production volume increased by 837%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Dentist And Barber Chairs

Exports from Latvia

In 2022, approx. X units of dentist and barber chairs were exported from Latvia; declining by -41.1% compared with the year before. Over the period under review, exports, however, saw a resilient expansion. The growth pace was the most rapid in 2013 when exports increased by 223% against the previous year. Over the period under review, the exports reached the maximum at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, dentist or barber chair exports skyrocketed to $X in 2022. In general, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by 191%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Lithuania (X units) was the main destination for dentist or barber chair exports from Latvia, with a 61% share of total exports. Moreover, dentist or barber chair exports to Lithuania exceeded the volume sent to the second major destination, Estonia (X units), twofold. The third position in this ranking was held by Sweden (X units), with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Lithuania stood at +11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+6.9% per year) and Sweden (-13.9% per year).

In value terms, Lithuania ($X) remains the key foreign market for dentist and barber chairs exports from Latvia, comprising 88% of total exports. The second position in the ranking was taken by Estonia ($X), with an 11% share of total exports. It was followed by Russia, with a 0.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Lithuania amounted to +35.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+23.5% per year) and Russia (-9.9% per year).

Export Prices by Country

In 2022, the average dentist or barber chair export price amounted to $X per unit, picking up by 106% against the previous year. Overall, the export price posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 162%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($X per unit), while the average price for exports to Ireland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+21.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Dentist And Barber Chairs

Imports into Latvia

In 2022, approx. X units of dentist and barber chairs were imported into Latvia; which is down by -37.1% against the year before. Overall, imports recorded a noticeable slump. The growth pace was the most rapid in 2013 when imports increased by 53% against the previous year. Over the period under review, imports attained the peak figure at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, dentist or barber chair imports declined to $X in 2022. In general, imports, however, saw a remarkable increase. The growth pace was the most rapid in 2016 when imports increased by 69% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest dentist or barber chair supplier to Latvia, accounting for a 43% share of total imports. Moreover, dentist or barber chair imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), twofold. Lithuania (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+38.6% per year) and Lithuania (+64.3% per year).

In value terms, Germany ($X), Lithuania ($X) and China ($X) were the largest dentist or barber chair suppliers to Latvia, with a combined 62% share of total imports.

Lithuania, with a CAGR of +53.4%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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 dentist or barber chair import price amounted to $X per unit, picking up by 44% against the previous year. Overall, the import price enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2021 an increase of 58% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform