Latvia: Electric Lamp Market 2025

Electric Lamp Market Size in Latvia

In 2022, the Latvian electric lamp market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption saw a pronounced shrinkage. Electric lamp consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Electric Lamp Production in Latvia

In value terms, electric lamp production soared to $X in 2022 estimated in export price. In general, production, however, saw a noticeable downturn. The most prominent rate of growth was recorded in 2020 with an increase of X%. Electric lamp production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Electric Lamp Exports

Exports from Latvia

In 2022, overseas shipments of electric lamps decreased by X% to X units, falling for the fifth consecutive year after two years of growth. Over the period under review, exports saw a dramatic decrease. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, electric lamp exports shrank sharply to $X in 2022. Overall, exports saw a noticeable decrease. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Georgia (X units) was the main destination for electric lamp exports from Latvia, accounting for a X% share of total exports. Moreover, electric lamp exports to Georgia exceeded the volume sent to the second major destination, Germany (X units), fourfold. The Netherlands (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Georgia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the Netherlands (X% per year).

In value terms, Georgia ($X) emerged as the key foreign market for electric lamps exports from Latvia, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Georgia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the average electric lamp export price amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the export price, however, recorded a significant expansion. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2021, and then fell sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Estonia ($X per unit), while the average price for exports to Spain ($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 Estonia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Lamp Imports

Imports into Latvia

Electric lamp imports into Latvia dropped notably to X units in 2022, waning by X% compared with 2021 figures. Over the period under review, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2017 when imports increased by X%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, electric lamp imports contracted remarkably to $X in 2022. Overall, imports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then declined markedly in the following year.

Imports by Country

In 2022, Ukraine (X units) constituted the largest supplier of electric lamp to Latvia, with a X% share of total imports. Moreover, electric lamp imports from Ukraine exceeded the figures recorded by the second-largest supplier, Lithuania (X units), fourfold. Poland (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ukraine stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (X% per year) and Poland (X% per year).

In value terms, Ukraine ($X) constituted the largest supplier of electric lamps to Latvia, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with a X% share of total imports. It was followed by Lithuania, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Ukraine stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Lithuania (X% per year).

Import Prices by Country

In 2022, the average electric lamp import price amounted to $X per unit, surging by X% against the previous year. In general, the import price enjoyed buoyant growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform