Latvia: Knife And Scissors Market 2020

Knife And Scissors Market Size in Latvia

The revenue of the knife and scissors market in Latvia amounted to $X in 2018, falling by -X% against the previous year. Overall, knife and scissors consumption continues to indicate a deep descent. The pace of growth was the most pronounced in 2008 when the market value increased by X% year-to-year. In that year, the knife and scissors market attained its peak level of $X. From 2009 to 2018, the growth of the knife and scissors market failed to regain its momentum.

Knife And Scissors Production in Latvia

In value terms, knife and scissors production stood at $X in 2018 estimated in export prices. In general, knife and scissors production continues to indicate an abrupt drop. The pace of growth was the most pronounced in 2014 when production volume increased by X% against the previous year. In that year, knife and scissors production attained its peak level of $X. From 2015 to 2018, knife and scissors production growth failed to regain its momentum.

Knife And Scissors Exports

Exports from Latvia

In 2018, the exports of knives, scissors and blades from Latvia amounted to X units, surging by X% against the previous year. Over the period under review, knife and scissors exports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Latvia exports peaked in 2018 and are likely to continue its growth in the immediate term.

In value terms, knife and scissors exports amounted to $X in 2018. Overall, knife and scissors exports continue to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Latvia exports peaked at $X in 2014; however, from 2015 to 2018, exports failed to regain their momentum.

Exports by Country

In 2018, China (X units) was the major exporter of knives, scissors and blades, creating X% of total exports. Brazil (X units) took a X% share (based on tons) of total exports, which put it in second place, followed by Vietnam (X%). The following exporters - Thailand (X units), China, Hong Kong SAR (X units) and Italy (X units) - together made up X% of total exports.

From 2007 to 2018, average annual rates of growth with regard to knife and scissors exports from China stood at +X%. At the same time, Thailand (+X%), Vietnam (+X%), Brazil (+X%), China, Hong Kong SAR (+X%) and Italy (+X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. China (+X p.p.), Brazil (+X p.p.), Vietnam (+X p.p.), Thailand (+X p.p.) and China, Hong Kong SAR (+X p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2018, the average annual rate of growth in terms of value in China totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (+X% per year) and Brazil (+X% per year).

Export Prices by Country

The knife and scissors export price in Latvia stood at $X per unit in 2018, falling by -X% against the previous year. Over the period under review, the export price indicated temperate growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, knife and scissors export price increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. In that year, the export prices for knives, scissors and blades attained their peak level of $X per unit. From 2015 to 2018, the growth in terms of the export prices for knives, scissors and blades failed to regain its momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced a decline in the export price figures.

Knife And Scissors Imports

Imports into Latvia

In 2018, the amount of knives, scissors and blades imported into Latvia amounted to X units, going up by X% against the previous year. Overall, knife and scissors imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Latvia imports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, knife and scissors imports amounted to $X in 2018. Overall, knife and scissors imports continue to indicate slight growth. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Latvia imports peaked at $X in 2008; however, from 2009 to 2018, imports stood at a somewhat lower figure.

Imports by Country

The imports of the three major importers of knives, scissors and blades, namely the U.S., Germany and the United Arab Emirates, represented more than fourth of total import. Japan (X units), Vietnam (X units), Brazil (X units), Indonesia (X units), South Korea (X units), France (X units), Russia (X units), the Netherlands (X units) and Spain (X units) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Vietnam, while the other leaders experienced more modest paces of growth.

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

In the U.S., knife and scissors imports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Germany (+X% per year) and France (+X% per year).

Import Prices by Country

The knife and scissors import price in Latvia stood at $X per unit in 2018, remaining stable against the previous year. Overall, the knife and scissors import price, however, continues to indicate an abrupt deduction. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. In that year, the import prices for knives, scissors and blades reached their peak level of $X per unit. From 2009 to 2018, the growth in terms of the import prices for knives, scissors and blades remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform