Latvia: Market for Glass in The Mass 2025

Market Size for Glass in The Mass in Latvia

The Latvian glass in the mass market surged to $X in 2022, jumping by 27% against the previous year. Over the period under review, consumption, however, showed a perceptible descent. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Glass in The Mass in Latvia

In value terms, glass in the mass production totaled $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 14%. Over the period under review, glass in mass production reached the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Glass in The Mass

Exports from Latvia

In 2022, overseas shipments of glass in the mass decreased by -5.9% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 39% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, glass in the mass exports skyrocketed to $X in 2022. Over the period under review, exports, however, showed a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Lithuania (X tons) was the main destination for glass in the mass exports from Latvia, accounting for a 86% share of total exports. Moreover, glass in the mass exports to Lithuania exceeded the volume sent to the second major destination, Norway (X tons), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Lithuania amounted to +3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+56.5% per year) and Estonia (+24.1% per year).

In value terms, the largest markets for glass in the mass exported from Latvia were Lithuania ($X), Norway ($X) and Estonia ($X), with a combined 81% share of total exports.

Norway, with a CAGR of +125.6%, 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

In 2022, the average glass in the mass export price amounted to $X per ton, surging by 74% against the previous year. Over the period under review, the export price continues to indicate a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Estonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+43.9%), while the prices for the other major destinations experienced a decline.

Imports of Glass in The Mass

Imports into Latvia

Glass in the mass imports into Latvia soared to X tons in 2022, surging by 259% on the year before. Over the period under review, imports, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2016 when imports increased by 7,287% against the previous year. Over the period under review, glass in mass imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, glass in the mass imports shrank markedly to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 8,167%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) was the main supplier of glass in the mass to Latvia, accounting for a 93% share of total imports. Moreover, glass in the mass imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +51.3%.

In value terms, the United States ($X) constituted the largest supplier of glass in the mass to Latvia, comprising 90% of total imports. The second position in the ranking was held by Germany ($X), with a 9.6% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +54.9%.

Import Prices by Country

The average glass in the mass import price stood at $X per ton in 2022, which is down by -90.2% against the previous year. In general, the import price, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2018 when the average import price increased by 1,672% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 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 the United States ($X per ton), while the price for Germany amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+48.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform