Latvia: Line Telephone Market 2025

Line Telephone Market Size in Latvia

For the third consecutive year, the Latvian line telephone market recorded decline in sales value, which decreased by -6.7% to $X in 2022. Over the period under review, consumption recorded a abrupt slump. Line telephone consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Line Telephone Production in Latvia

In value terms, line telephone production dropped modestly to $X in 2022 estimated in export price. In general, production saw a perceptible decrease. The growth pace was the most rapid in 2013 when the production volume increased by 39% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Line Telephone Exports

Exports from Latvia

In 2022, exports of line telephone sets with cordless handsets from Latvia soared to X units, rising by 1,016% compared with the previous year. Overall, exports, however, continue to indicate a perceptible setback. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, line telephone exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt descent. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Russia (X units) was the main destination for line telephone exports from Latvia, with a 92% share of total exports. Moreover, line telephone exports to Russia exceeded the volume sent to the second major destination, Lithuania (X units), more than tenfold. Estonia (X units) ranked third in terms of total exports with a 1.9% share.

From 2012 to 2022, the average annual growth rate of volume to Russia stood at +40.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (-15.3% per year) and Estonia (-30.8% per year).

In value terms, Russia ($X) emerged as the key foreign market for line telephone sets with cordless handsets exports from Latvia, comprising 87% of total exports. The second position in the ranking was held by Lithuania ($X), with a 4.5% share of total exports. It was followed by Estonia, with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia totaled +11.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (-21.7% per year) and Estonia (-36.3% per year).

Export Prices by Country

In 2022, the average line telephone export price amounted to $X per unit, dropping by -40.7% against the previous year. In general, the export price faced a abrupt curtailment. The most prominent rate of growth was recorded in 2013 an increase of 249%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

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 Poland ($X per unit), while the average price for exports to Russia ($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 Poland (+6.5%), while the prices for the other major destinations experienced a decline.

Line Telephone Imports

Imports into Latvia

In 2022, supplies from abroad of line telephone sets with cordless handsets increased by 320% to X units, rising for the second consecutive year after seven years of decline. Over the period under review, imports, however, continue to indicate a abrupt decrease. Imports peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, line telephone imports surged to $X in 2022. Overall, imports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2013 when imports increased by 863%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Germany (X units), Spain (X units) and Lithuania (X units) were the main suppliers of line telephone imports to Latvia, together accounting for 94% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +320.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of line telephone sets with cordless handsets to Latvia, comprising 64% of total imports. The second position in the ranking was taken by Spain ($X), with a 30% share of total imports. It was followed by Lithuania, with a 2.2% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +49.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+175.2% per year) and Lithuania (-30.4% per year).

Import Prices by Country

The average line telephone import price stood at $X per unit in 2022, waning by -2.8% against the previous year. Over the period under review, the import price, however, showed a moderate increase. The pace of growth appeared the most rapid in 2013 when the average import price increased by 227%. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+19.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform