Latvia: Plastic Furniture Market 2020

Plastic Furniture Market Size in Latvia

The revenue of the plastic furniture market in Latvia amounted to $X in 2018, declining by -X% against the previous year. Overall, plastic furniture consumption continues to indicate a drastic decline. The most prominent rate of growth was recorded in 2014 when the market value increased by X% year-to-year. Latvia plastic furniture consumption peaked at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Plastic Furniture Production in Latvia

In value terms, plastic furniture production amounted to $X in 2018 estimated in export prices. Over the period under review, plastic furniture production continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, plastic furniture production attained its maximum level at $X in 2007; however, from 2008 to 2018, production remained at a lower figure.

Plastic Furniture Exports

Exports from Latvia

In 2018, the amount of furniture of plastic exported from Latvia amounted to X tons, growing by X% against the previous year. Over the period under review, plastic furniture exports, however, continue to indicate a drastic reduction. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Latvia exports peaked at X tons in 2011; however, from 2012 to 2018, exports stood at a somewhat lower figure.

In value terms, plastic furniture exports stood at $X in 2018. Over the period under review, plastic furniture exports, however, continue to indicate an abrupt downturn. The pace of growth appeared the most rapid in 2009 when exports increased by X% against the previous year. Latvia exports peaked at $X in 2011; however, from 2012 to 2018, exports failed to regain their momentum.

Exports by Country

China represented the major exporting country with an export of around X tons, which finished at X% of total exports. Italy (X tons) held the second position in the ranking, followed by Israel (X tons). All these countries together occupied near X% share of total exports. The following exporters - Canada (X tons), Turkey (X tons), Poland (X tons), the Netherlands (X tons), Spain (X tons) and the U.S. (X tons) - together made up X% of total exports.

China was also the fastest-growing in terms of the furniture of plastic exports, with a CAGR of +X% from 2007 to 2018. At the same time, Poland (+X%), Turkey (+X%), Spain (+X%), Israel (+X%) and Canada (+X%) displayed positive paces of growth. The Netherlands experienced a relatively flat trend pattern. By contrast, Italy (-X%) and the U.S. (-X%) illustrated a downward trend over the same period. China (+X p.p.), Israel (+X p.p.) and Poland (+X p.p.) significantly strengthened its position in terms of the global exports, while Italy and the U.S. saw its share reduced by -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest plastic furniture supplier from Latvia, comprising X% of global exports. The second position in the ranking was occupied by Italy ($X), with a X% share of global exports. It was followed by Israel, with a X% share.

In China, plastic furniture 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: Italy (-X% per year) and Israel (+X% per year).

Export Prices by Country

The plastic furniture export price in Latvia stood at $X per ton in 2018, falling by -X% against the previous year. Overall, the plastic furniture export price continues to indicate a moderate decrease. The most prominent rate of growth was recorded in 2014 when the export price increased by X% year-to-year. In that year, the export prices for furniture of plastic attained their peak level of $X per ton. From 2015 to 2018, the growth in terms of the export prices for furniture of plastic remained at a lower figure.

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

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

Plastic Furniture Imports

Imports into Latvia

In 2018, the imports of furniture of plastic into Latvia stood at X tons, shrinking by -X% against the previous year. In general, plastic furniture imports, however, continue to indicate remarkable growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. In that year, plastic furniture imports reached their peak of X tons. From 2015 to 2018, the growth of plastic furniture imports remained at a somewhat lower figure.

In value terms, plastic furniture imports totaled $X in 2018. Overall, plastic furniture imports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2014 when imports increased by X% year-to-year. In that year, plastic furniture imports attained their peak of $X. From 2015 to 2018, the growth of plastic furniture imports remained at a somewhat lower figure.

Imports by Country

In 2018, the U.S. (X tons) represented the major importer of furniture of plastic, achieving X% of total imports. France (X tons) ranks second in terms of the total imports with a X% share, followed by the UK (X%). The following importers - Canada (X tons), Germany (X tons), Spain (X tons), Saudi Arabia (X tons), Australia (X tons), the Philippines (X tons) and the Netherlands (X tons) - together made up X% of total imports.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, the Philippines (+X%), Saudi Arabia (+X%), Australia (+X%), Canada (+X%), the Netherlands (+X%), the UK (+X%), France (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, Spain (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of the U.S., Canada, France, the Philippines and Saudi Arabia increased by +X%, +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2018, the average annual rate of growth in terms of value in the U.S. totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: France (+X% per year) and Germany (+X% per year).

Import Prices by Country

The plastic furniture import price in Latvia stood at $X per ton in 2018, shrinking by -X% against the previous year. In general, the plastic furniture import price continues to indicate a mild contraction. The growth pace was the most rapid in 2017 when the import price increased by X% against the previous year. Latvia import price peaked at $X per ton in 2008; however, from 2009 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform