Latvia: Market for Hair Brushes And Shaving And Toilet Brushes For Personal Use 2024

Market Size for Hair Brushes And Shaving And Toilet Brushes For Personal Use in Latvia

The Latvian market for hair brushes and shaving and toilet brushes for personal use rose rapidly to $X in 2022, picking up by 5.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +85.2% against 2017 indices. Hair, shaving and toilet brush consumption peaked in 2022 and is expected to retain growth in the immediate term.

Exports of Hair Brushes And Shaving And Toilet Brushes For Personal Use

Exports from Latvia

In 2022, after two years of growth, there was significant decline in shipments abroad of hair brushes and shaving and toilet brushes for personal use, when their volume decreased by -27.6% to X units. In general, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 78%. Over the period under review, the exports attained the maximum at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, hair, shaving and toilet brush exports expanded markedly to $X in 2022. Over the period under review, total exports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +86.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 66%. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Lithuania (X units), Estonia (X units) and Russia (X units) were the main destinations of hair, shaving and toilet brush exports from Latvia, together accounting for 91% of total exports. Poland and Belarus lagged somewhat behind, together accounting for a further 4.3%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +89.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for hair, shaving and toilet brush exported from Latvia were Lithuania ($X), Estonia ($X) and Russia ($X), with a combined 92% share of total exports. Poland and Belarus lagged somewhat behind, together comprising a further 2.7%.

Poland, with a CAGR of +65.9%, saw the highest rates of growth with regard to the value of exports, in terms of 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 hair brushes and shaving and toilet brushes for personal use stood at $X per unit in 2022, increasing by 50% against the previous year. In general, the export price posted a buoyant increase. 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 export markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($X per unit), while the average price for exports to Belarus ($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 Russia (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hair Brushes And Shaving And Toilet Brushes For Personal Use

Imports into Latvia

After four years of growth, supplies from abroad of hair brushes and shaving and toilet brushes for personal use decreased by -17.6% to X units in 2022. Over the period under review, total imports indicated a modest expansion from 2012 to 2022: its volume increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 39% against the previous year. Over the period under review, imports attained the maximum at X units in 2021, and then dropped sharply in the following year.

In value terms, hair, shaving and toilet brush imports rose remarkably to $X in 2022. In general, total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% 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 +92.0% against 2015 indices. The growth pace was the most rapid in 2016 with an increase of 22% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

China (X units), Poland (X units) and Germany (X units) were the main suppliers of hair, shaving and toilet brush imports to Latvia, together comprising 64% of total imports. Finland, Lithuania, Estonia, Belgium, the Czech Republic, Russia, Italy, the Netherlands, Sweden and Taiwan (Chinese) lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +133.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Poland ($X) and Germany ($X) appeared to be the largest hair, shaving and toilet brush suppliers to Latvia, with a combined 57% share of total imports. Belgium, Finland, Lithuania, Estonia, Italy, Russia, the Czech Republic, Sweden, the Netherlands and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 39%.

Russia, with a CAGR of +159.5%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for hair brushes and shaving and toilet brushes for personal use stood at $X per unit in 2022, rising by 32% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform