Latvia: Lcds And Plasmas Market 2025

Lcds And Plasmas Market Size in Latvia

The Latvian LCDs and plasmas market amounted to $X in 2022, remaining relatively unchanged against the previous year. Overall, consumption, however, faced a sharp downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Lcds And Plasmas Production in Latvia

In value terms, LCDs and plasmas production surged to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a sharp reduction. The pace of growth was the most pronounced in 2020 with an increase of 203% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Lcds And Plasmas Exports

Exports from Latvia

In 2022, overseas shipments of flat panel video monitor, lcd or plasma increased by 29% to X units, rising for the fifth consecutive year after two years of decline. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 230%. Over the period under review, the exports reached the peak figure at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, LCDs and plasmas exports contracted rapidly to $X in 2022. In general, exports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 167% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Lithuania (X units) was the main destination for LCDs and plasmas exports from Latvia, accounting for a 84% share of total exports. Moreover, LCDs and plasmas exports to Lithuania exceeded the volume sent to the second major destination, Estonia (X units), sevenfold. The third position in this ranking was taken by Spain (X units), with a 0.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Lithuania totaled +5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-0.9% per year) and Spain (-20.3% per year).

In value terms, Lithuania ($X) remains the key foreign market for flat panel video monitor, lcd or plasma exports from Latvia, comprising 59% of total exports. The second position in the ranking was taken by Estonia ($X), with a 25% share of total exports. It was followed by Spain, with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Lithuania stood at -9.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-5.9% per year) and Spain (-17.3% per year).

Export Prices by Country

In 2022, the average LCDs and plasmas export price amounted to $X per unit, declining by -39% against the previous year. Overall, the export price recorded a abrupt downturn. The pace of growth appeared the most rapid in 2017 when the average export price increased by 103%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Lithuania ($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 Greece (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Lcds And Plasmas Imports

Imports into Latvia

In 2022, purchases abroad of flat panel video monitor, lcd or plasma increased by 20% to X units, rising for the fourth consecutive year after two years of decline. In general, imports, however, recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2019 when imports increased by 78%. Imports peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, LCDs and plasmas imports totaled $X in 2022. Overall, imports, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2013 with an increase of 49%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Spain (X units), Lithuania (X units) and Poland (X units) were the main suppliers of LCDs and plasmas imports to Latvia, with a combined 71% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +54.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X), Spain ($X) and Poland ($X) constituted the largest LCDs and plasmas suppliers to Latvia, together accounting for 63% of total imports. The Netherlands, Germany, Estonia, China, Austria, Finland and Slovakia lagged somewhat behind, together comprising a further 33%.

In terms of the main suppliers, Estonia, with a CAGR of +23.8%, saw the highest rates of growth with regard to the value of imports, 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 LCDs and plasmas import price amounted to $X per unit, shrinking by -14.3% against the previous year. In general, the import price continues to indicate a perceptible contraction. The pace of growth was the most pronounced in 2017 when the average import price increased by 25% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+36.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform