Latvia: Market for Lighting Sets For Christmas Trees 2019

Market Size for Lighting Sets For Christmas Trees in Latvia

The revenue of the market for lighting sets for christmas trees in Latvia amounted to $X in 2018, coming down by -X% against the previous year. In general, consumption of lighting sets for christmas trees continues to indicate an abrupt setback. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. In that year, the market for lighting set for christmas trees attained its peak level of $X. From 2010 to 2018, the growth of the market for lighting set for christmas trees remained at a lower figure.

Production of Lighting Sets For Christmas Trees in Latvia

In value terms, production of lighting sets for christmas trees totaled $X in 2018 estimated in export prices. In general, production of lighting sets for christmas trees continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production of lighting sets for christmas trees reached its maximum level at $X in 2007; however, from 2008 to 2018, production failed to regain its momentum.

Exports of Lighting Sets For Christmas Trees

Exports from Latvia

In 2018, the exports of lighting sets for christmas trees from Latvia stood at X units, going up by X% against the previous year. In general, exports of lighting sets for christmas trees continue to indicate a moderate expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Over the period under review, exports of lighting sets for christmas trees attained their maximum in 2018 and are likely to see steady growth in the immediate term.

In value terms, exports of lighting sets for christmas trees totaled $X in 2018. In general, exports of lighting sets for christmas trees continue to indicate prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Latvia exports peaked in 2018 and are expected to retain its growth in the near future.

Exports by Country

China prevails in exports of lighting sets for christmas trees structure, resulting at X units, which was approx. X% of total exports in 2018. The following exporters - Cambodia (X units) and the Netherlands (X units) - each reached a X% share of total exports.

Exports from China increased at an average annual rate of +X% from 2007 to 2018. At the same time, Cambodia (+X%) and the Netherlands (+X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. While the share of China (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest lighting set for christmas trees supplier from Latvia, comprising X% of global exports. The second position in the ranking was occupied by Cambodia ($X), with a X% share of global exports. It was followed by the Netherlands, with a X% share.

In China, exports of lighting sets for christmas trees increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Cambodia (+X% per year) and the Netherlands (+X% per year).

Export Prices by Country

The export price for lighting sets for christmas trees in Latvia stood at $X per unit in 2018, rising by X% against the previous year. In general, the export price for lighting sets for christmas trees continues to indicate remarkable growth. The growth pace was the most rapid in 2014 when the export price increased by X% against the previous year. Latvia export price peaked in 2018 and is likely to continue its growth in the immediate term.

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

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

Imports of Lighting Sets For Christmas Trees

Imports into Latvia

In 2018, the imports of lighting sets for christmas trees into Latvia amounted to X units, going down by -X% against the previous year. In general, imports of lighting sets for christmas trees continue to indicate an abrupt decrease. The pace of growth was the most pronounced in 2009 when imports increased by X% year-to-year. In that year, imports of lighting sets for christmas trees reached their peak of X units. From 2010 to 2018, the growth of imports of lighting sets for christmas trees remained at a lower figure.

In value terms, imports of lighting sets for christmas trees amounted to $X in 2018. In general, imports of lighting sets for christmas trees continue to indicate moderate growth. The pace of growth appeared the most rapid in 2013 when imports increased by X% year-to-year. Over the period under review, imports of lighting sets for christmas trees attained their peak figure in 2018 and are expected to retain its growth in the near future.

Imports by Country

In 2018, the U.S. (X units) represented the largest importer of lighting sets for christmas trees, comprising X% of total imports. It was distantly followed by the UK (X units), Canada (X units), the Netherlands (X units) and Germany (X units), together creating a X% share of total imports. Italy (X units), Poland (X units), Mexico (X units), Brazil (X units), Venezuela (X units) and France (X units) held a little share of total imports.

Imports into the U.S. decreased at an average annual rate of -X% from 2007 to 2018. At the same time, Venezuela (+X%), the Netherlands (+X%), Canada (+X%) and Poland (+X%) displayed positive paces of growth. Moreover, Venezuela emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Germany and the UK experienced a relatively flat trend pattern. By contrast, France (-X%), Mexico (-X%), Italy (-X%) and Brazil (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of the Netherlands and Canada increased by +X% and +X% percentage points, while Mexico (-X p.p.), Brazil (-X p.p.), Italy (-X p.p.) and the U.S. (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported lighting sets for christmas trees into Latvia, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by the Netherlands, with a X% share.

In the U.S., imports of lighting sets for christmas trees increased at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+X% per year) and the Netherlands (+X% per year).

Import Prices by Country

In 2018, the import price for lighting sets for christmas trees in Latvia amounted to $X per unit, surging by X% against the previous year. Overall, the import price for lighting sets for christmas trees continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2010 when the import price increased by X% year-to-year. Over the period under review, the import prices for lighting sets for christmas trees attained their peak figure in 2018 and is expected to retain its growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Germany ($X per unit), while Venezuela ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform