Latvia: Leather Market 2020

Leather Market Size in Latvia

The revenue of the leather market in Latvia amounted to $X in 2018, lowering by -X% against the previous year. Over the period under review, leather consumption continues to indicate a moderate drop. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. In that year, the leather market attained its peak level of $X. From 2011 to 2018, the growth of the leather market remained at a lower figure.

Leather Production in Latvia

In value terms, leather production stood at $X in 2018 estimated in export prices. Over the period under review, leather production continues to indicate mild growth. The pace of growth was the most pronounced in 2010 when production volume increased by X% y-o-y. Over the period under review, leather production attained its maximum level at $X in 2014; however, from 2015 to 2018, production stood at a somewhat lower figure.

Leather Exports

Exports from Latvia

In 2018, the leather exports from Latvia totaled X tons, reducing by -X% against the previous year. Overall, leather exports continue to indicate a dramatic descent. The pace of growth appeared the most rapid in 2009 with an increase of X% y-o-y. Over the period under review, leather exports attained their peak figure at X tons in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, leather exports amounted to $X in 2018. In general, leather exports continue to indicate a precipitous shrinkage. The pace of growth appeared the most rapid in 2018 when exports increased by X% year-to-year. Latvia exports peaked at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Brazil (X tons) and Italy (X tons) were the major exporters of leathers in 2018, accounting for near X% and X% of total exports, respectively. The U.S. (X tons) took a X% share (based on tons) of total exports, which put it in second place, followed by Argentina (X%) and China, Hong Kong SAR (X%). The following exporters - Thailand (X tons), Taiwan, Chinese (X tons), Germany (X tons), China (X tons), India (X tons), Paraguay (X tons) and the UK (X tons) - together made up X% of total exports.

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

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

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

Export Prices by Country

In 2018, the leather export price in Latvia amounted to $X per ton, increasing by X% against the previous year. In general, the leather export price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2010 an increase of X% against the previous year. Over the period under review, the export prices for leathers reached their maximum at $X per ton in 2014; however, from 2015 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was India ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

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

Leather Imports

Imports into Latvia

In 2018, the amount of leathers imported into Latvia stood at X tons, surging by X% against the previous year. In general, leather imports, however, continue to indicate an abrupt descent. The growth pace was the most rapid in 2010 when imports increased by X% against the previous year. Latvia imports peaked at X tons in 2008; however, from 2009 to 2018, imports stood at a somewhat lower figure.

In value terms, leather imports stood at $X in 2018. Overall, leather imports, however, continue to indicate a moderate slump. The growth pace was the most rapid in 2011 when imports increased by X% against the previous year. Over the period under review, leather imports reached their peak figure at $X in 2013; however, from 2014 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, China (X tons), distantly followed by Italy (X tons) and Vietnam (X tons) represented the major importers of leathers, together making up X% of total imports. The following importers - Thailand (X tons), China, Hong Kong SAR (X tons), Taiwan, Chinese (X tons), India (X tons), Mexico (X tons), Spain (X tons) and Portugal (X tons) - together made up X% of total imports.

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

In value terms, the largest leather importing markets into Latvia were China ($X), Italy ($X) and China, Hong Kong SAR ($X), together accounting for X% of total imports. Vietnam, Mexico, India, Thailand, Spain, Portugal, Taiwan, Chinese and Latvia lagged somewhat behind, together comprising a further X recorded the highest growth rate of imports, among the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the leather import price in Latvia amounted to $X per ton, going down by -X% against the previous year. In general, the leather import price, however, continues to indicate a modest increase. The most prominent rate of growth was recorded in 2009 when the import price increased by X% y-o-y. Latvia import price peaked at $X per ton in 2015; however, from 2016 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was China, Hong Kong SAR ($X per ton), while Taiwan, Chinese ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform