Latvia: Glass Market 2020

Glass Market Size in Latvia

The revenue of the glass market in Latvia amounted to $X in 2018, declining by -X% against the previous year. In general, glass consumption continues to indicate a mild reduction. The pace of growth was the most pronounced in 2012 when the market value increased by X% y-o-y. In that year, the glass market attained its peak level of $X. From 2013 to 2018, the growth of the glass market remained at a lower figure.

Glass Production in Latvia

In value terms, glass production amounted to $X in 2018 estimated in export prices. Overall, glass production continues to indicate a deep drop. The pace of growth appeared the most rapid in 2012 with an increase of X% year-to-year. Over the period under review, glass production reached its peak figure level at $X in 2007; however, from 2008 to 2018, production failed to regain its momentum.

Glass Exports

Exports from Latvia

In 2018, approx. X square meters of drawn glass and blown glass were exported from Latvia; increasing by X% against the previous year. In general, glass exports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Latvia exports peaked at X square meters in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, glass exports stood at $X in 2018. Overall, glass exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, glass exports attained their maximum at $X in 2011; however, from 2012 to 2018, exports remained at a lower figure.

Exports by Country

The countries with the highest levels of glass exports in 2018 were Saudi Arabia (X square meters), Japan (X square meters) and China (X square meters), together amounting to X% of total export. The U.S. (X square meters) occupied a X% share (based on tons) of total exports, which put it in second place, followed by China, Hong Kong SAR (X%). The following exporters - Iran (X square meters) and South Korea (X square meters) - each finished at a X% share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by South Korea, while the other leaders experienced more modest paces of growth.

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

In Japan, glass exports increased at an average annual rate of +X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: the U.S. (+X% per year) and China, Hong Kong SAR (+X% per year).

Export Prices by Country

The glass export price in Latvia stood at $X per square meter in 2018, jumping by X% against the previous year. In general, the glass export price continues to indicate an extraordinary expansion. The pace of growth was the most pronounced in 2008 when the export price increased by X% y-o-y. Latvia export price peaked at $X per square meter in 2015; however, from 2016 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was China, Hong Kong SAR ($X per square meter), while Saudi Arabia ($X per square meter) 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.

Glass Imports

Imports into Latvia

In 2018, approx. X square meters of drawn glass and blown glass were imported into Latvia; jumping by X% against the previous year. Overall, glass imports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, glass imports reached their maximum in 2018 and are expected to retain its growth in the immediate term.

In value terms, glass imports stood at $X in 2018. In general, glass imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% y-o-y. Over the period under review, glass imports attained their peak figure at $X in 2009; however, from 2010 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, China (X square meters) and South Korea (X square meters) were the key importers of drawn glass and blown glassin the world, together amounting to approx. X% of total imports. Taiwan, Chinese (X square meters) took the next position in the ranking, followed by Mongolia (X square meters), Qatar (X square meters) and Brazil (X square meters). All these countries together held near X% share of total imports. The following importers - Armenia (X square meters), China, Hong Kong SAR (X square meters), India (X square meters), Thailand (X square meters), Spain (X square meters) and the U.S. (X square meters) - together made up X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Taiwan, Chinese (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), China ($X) and Taiwan, Chinese ($X) constituted the countries with the highest levels of imports in 2018, together accounting for X% of total imports.

In terms of the main importing countries, Taiwan, Chinese recorded the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The glass import price in Latvia stood at $X per square meter in 2018, waning by -X% against the previous year. In general, the glass import price continues to indicate a deep curtailment. The most prominent rate of growth was recorded in 2017 when the import price increased by X% y-o-y. Latvia import price peaked at $X per square meter in 2007; however, from 2008 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was China, Hong Kong SAR ($X per square meter), while Mongolia ($X per square meter) 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