Latvia: Market for Float Glass And Surface Ground or Polished Glass 2025

Market Size for Float Glass And Surface Ground or Polished Glass in Latvia

The Latvian market for float glass and surface ground or polished glass declined modestly to $X in 2022, shrinking by X% against the previous year. Over the period under review, consumption, however, recorded notable growth. Over the period under review, the market reached the maximum level at $X in 2021, and then fell slightly in the following year.

Production of Float Glass And Surface Ground or Polished Glass in Latvia

In value terms, production of float glass and surface ground or polished glass reduced slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw moderate growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Float Glass And Surface Ground or Polished Glass

Exports from Latvia

In 2022, approx. X square meters of float glass and surface ground or polished glass were exported from Latvia; increasing by X% compared with 2021. Over the period under review, exports recorded buoyant growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports of attained the peak figure at X square meters in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of float glass and surface ground or polished glass dropped to $X in 2022. In general, exports recorded prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then shrank in the following year.

Exports by Country

Germany (X square meters), the UK (X square meters) and the United States (X square meters) were the main destinations of exports of float glass and surface ground or polished glass from Latvia, with a combined X% share of total exports. Estonia, Sweden, the Czech Republic, Australia, Norway, Ukraine, Belgium, Turkey, Poland and Russia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for float glass and surface ground or polished glass exported from Latvia were Germany ($X), the UK ($X) and the United States ($X), with a combined X% share of total exports. The Czech Republic, Australia, Belgium, Norway, Sweden, Turkey, Estonia, Poland, Russia and Ukraine lagged somewhat behind, together comprising a further X%.

Ukraine, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for float glass and surface ground or polished glass stood at $X per square meter in 2022, with a decrease of X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per square meter in 2021, and then contracted rapidly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per square meter), while the average price for exports to Ukraine ($X per square meter) was amongst the lowest.

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

Imports of Float Glass And Surface Ground or Polished Glass

Imports into Latvia

In 2022, overseas purchases of float glass and surface ground or polished glass increased by X% to X square meters, rising for the second consecutive year after two years of decline. Over the period under review, total imports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at X square meters in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, imports of float glass and surface ground or polished glass expanded to $X in 2022. Overall, imports saw prominent growth. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Poland (X square meters), Belgium (X square meters) and Germany (X square meters) were the main suppliers of imports of float glass and surface ground or polished glass to Latvia, with a combined X% share of total imports. Estonia, Russia, Belarus and Lithuania lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Estonia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constituted the largest supplier of float glass and surface ground or polished glass to Latvia, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with an X% share of total imports. It was followed by Estonia, with a X% share.

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

Import Prices by Country

The average import price for float glass and surface ground or polished glass stood at $X per square meter in 2022, reducing by X% against the previous year. In general, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for float glass and surface ground or polished glass increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. As a result, import price reached the peak level of $X per square meter, and then dropped in the following year.

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

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

Source: IndexBox Platform