Latvia: Toy Market 2020

Toy Market Size in Latvia

The revenue of the toy market in Latvia amounted to $X in 2018, waning by -X% against the previous year. Over the period under review, toy consumption continues to indicate a significant downturn. The pace of growth appeared the most rapid in 2012 when the market value increased by X% year-to-year. Latvia toy consumption peaked at $X in 2013; however, from 2014 to 2018, consumption remained at a lower figure.

Toy Production in Latvia

In value terms, toy production amounted to $X in 2018 estimated in export prices. Over the period under review, toy production continues to indicate an abrupt drop. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Over the period under review, toy production attained its peak figure level at $X in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.

Toy Exports

Exports from Latvia

In 2018, the amount of dolls and toys exported from Latvia amounted to X tons, going up by X% against the previous year. In general, toy exports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2014 when exports increased by X% y-o-y. In that year, toy exports attained their peak of X tons. From 2015 to 2018, the growth of toy exports remained at a lower figure.

In value terms, toy exports totaled $X in 2018. Overall, toy exports continue to indicate a strong expansion. The growth pace was the most rapid in 2014 when exports increased by X% y-o-y. Latvia exports peaked in 2018 and are expected to retain its growth in the near future.

Exports by Country

China dominates toy exports structure, resulting at X tons, which was near X% of total exports in 2018. It was distantly followed by China, Hong Kong SAR (X tons), mixing up a X% share of total exports. Germany (X tons), the Czech Republic (X tons), the Netherlands (X tons) and Vietnam (X tons) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to toy exports from China stood at +X%. At the same time, Vietnam (+X%), the Netherlands (+X%), the Czech Republic (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, China, Hong Kong SAR (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China increased by +X% percentage points, while China, Hong Kong SAR (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest toy supplier from Latvia, comprising X% of global exports. The second position in the ranking was occupied by China, Hong Kong SAR ($X), with a X% share of global exports. It was followed by the Czech Republic, with a X% share.

In China, toy exports increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: China, Hong Kong SAR (-X% per year) and the Czech Republic (+X% per year).

Export Prices by Country

In 2018, the toy export price in Latvia amounted to $X per ton, dropping by -X% against the previous year. Overall, the toy export price, however, continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2015 an increase of X% year-to-year. Over the period under review, the export prices for dolls and toys reached their peak figure at $X per ton in 2017, and then declined slightly in the following year.

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

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

Toy Imports

Imports into Latvia

Toy imports into Latvia stood at X tons in 2018, reducing by -X% against the previous year. In general, toy imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Latvia imports peaked at X tons in 2012; however, from 2013 to 2018, imports stood at a somewhat lower figure.

In value terms, toy imports amounted to $X in 2018. Overall, toy imports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2012 with an increase of X% y-o-y. Latvia imports peaked at $X in 2013; however, from 2014 to 2018, imports failed to regain their momentum.

Imports by Country

The U.S. was the key importing country with an import of about X tons, which recorded X% of total imports. The UK (X tons) ranks second in terms of the total imports with a X% share, followed by Germany (X%) and China, Hong Kong SAR (X%). France (X tons), Russia (X tons), Japan (X tons), Canada (X tons), the Netherlands (X tons), Spain (X tons), the Czech Republic (X tons) and Belgium (X tons) occupied a little share of total imports.

Imports into the U.S. decreased at an average annual rate of -X% from 2007 to 2018. At the same time, Russia (+X%), the Czech Republic (+X%), the Netherlands (+X%), Germany (+X%) and France (+X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Belgium and Japan experienced a relatively flat trend pattern. By contrast, the UK (-X%), Spain (-X%), Canada (-X%) and China, Hong Kong SAR (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Russia increased by +X% percentage points, while the U.S. (-X p.p.) and China, Hong Kong SAR (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2018, the average annual growth rate of value in the U.S. amounted to +X%. In the other countries, the average annual rates were as follows: Germany (+X% per year) and the UK (+X% per year).

Import Prices by Country

In 2018, the toy import price in Latvia amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the toy import price continues to indicate a resilient expansion. The growth pace was the most rapid in 2018 when the import price increased by X% against the previous year. In that year, the import prices for dolls and toys reached their peak level and is likely to continue its growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per ton), while Russia ($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, Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform