Latvia: Market for Industrial Automatic Sewing Machines 2025

Market Size for Industrial Automatic Sewing Machines in Latvia

The Latvian industrial automatic sewing machine market skyrocketed to $X in 2022, with an increase of 145% against the previous year. Over the period under review, consumption showed a moderate expansion. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Industrial Automatic Sewing Machines in Latvia

In value terms, industrial automatic sewing machine production shrank to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 13%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Exports of Industrial Automatic Sewing Machines

Exports from Latvia

Industrial automatic sewing machine exports from Latvia fell to X units in 2022, with a decrease of -8.7% against the previous year. Over the period under review, exports recorded a slight decrease. The pace of growth appeared the most rapid in 2016 with an increase of 3,100% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, industrial automatic sewing machine exports dropped rapidly to $X in 2022. In general, exports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 878% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Norway (X units) was the main destination for industrial automatic sewing machine exports from Latvia, accounting for a 93% share of total exports. It was followed by Russia (X units), with a 2.4% share of total exports. Ukraine (X units) ranked third in terms of total exports with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway stood at +32.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-21.3% per year) and Ukraine (-89.9% per year).

In value terms, Norway ($X) emerged as the key foreign market for industrial automatic sewing machines exports from Latvia, comprising 71% of total exports. The second position in the ranking was held by Russia ($X), with a 25% share of total exports. It was followed by Ukraine, with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Norway totaled +27.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-17.8% per year) and Ukraine (-93.5% per year).

Export Prices by Country

The average industrial automatic sewing machine export price stood at $X per unit in 2022, reducing by -67.8% against the previous year. Overall, the export price saw a abrupt contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 2,307%. 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 somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Belarus ($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 Estonia (+26.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Industrial Automatic Sewing Machines

Imports into Latvia

In 2022, supplies from abroad of industrial automatic sewing machines increased by 127% to X units, rising for the third consecutive year after two years of decline. In general, imports showed a measured expansion. The pace of growth was the most pronounced in 2017 with an increase of 1,043% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, industrial automatic sewing machine imports skyrocketed to $X in 2022. Over the period under review, imports showed a noticeable increase. The pace of growth was the most pronounced in 2017 when imports increased by 1,126%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Poland (X units), China (X units) and Lithuania (X units) were the main suppliers of industrial automatic sewing machine imports to Latvia, with a combined 94% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +39.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Poland ($X) and Lithuania ($X) constituted the largest industrial automatic sewing machine suppliers to Latvia, together comprising 97% of total imports.

China, with a CAGR of +50.9%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average industrial automatic sewing machine import price stood at $X per unit in 2022, surging by 35% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 109% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform