Latvia: Magnetic Media Market 2020

Magnetic Media Market Size in Latvia

The revenue of the magnetic media market in Latvia amounted to $X in 2018, going up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, magnetic media consumption, however, continues to indicate a deep decrease. The most prominent rate of growth was recorded in 2015 when the market value increased by X% year-to-year. Latvia magnetic media consumption peaked at $X in 2008; however, from 2009 to 2018, consumption stood at a somewhat lower figure.

Magnetic Media Exports

Exports from Latvia

In 2018, the exports of magnetic media, not recorded, except cards with a magnetic stripe from Latvia amounted to X tons, going down by -X% against the previous year. Overall, magnetic media exports continue to indicate a mild downturn. The pace of growth appeared the most rapid in 2010 when exports increased by X% year-to-year. In that year, magnetic media exports reached their peak of X tons. From 2011 to 2018, the growth of magnetic media exports remained at a somewhat lower figure.

In value terms, magnetic media exports totaled $X in 2018. In general, magnetic media exports continue to indicate a drastic setback. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, magnetic media exports reached their peak figure at $X in 2007; however, from 2008 to 2018, exports remained at a lower figure.

Exports by Country

In 2018, Singapore (X tons) was the largest exporter of magnetic media, not recorded, except cards with a magnetic stripe, creating X% of total exports. Malaysia (X tons) held a X% share (based on tons) of total exports, which put it in second place, followed by Japan (X%) and China (X%). The Netherlands (X tons), the UK (X tons), Poland (X tons), Spain (X tons), France (X tons), the Czech Republic (X tons), the U.S. (X tons) and Mexico (X tons) held a relatively small share of total exports.

Singapore was also the fastest-growing in terms of the magnetic media, not recorded, except cards with a magnetic stripe exports, with a CAGR of +X% from 2007 to 2018. At the same time, Poland (+X%), Malaysia (+X%), Spain (+X%) and the Czech Republic (+X%) displayed positive paces of growth. Mexico experienced a relatively flat trend pattern. By contrast, the UK (-X%), the Netherlands (-X%), France (-X%), the U.S. (-X%), Japan (-X%) and China (-X%) illustrated a downward trend over the same period. While the share of Singapore (+X p.p.), Malaysia (+X p.p.) and Poland (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of the UK (-X p.p.), the Netherlands (-X p.p.), the U.S. (-X p.p.), France (-X p.p.), China (-X p.p.) and Japan (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest magnetic media supplier from Latvia, comprising X% of global exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of global exports. It was followed by Japan, with a X% share.

In Singapore, magnetic media exports plunged by an average annual rate of -X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Malaysia (+X% per year) and Japan (-X% per year).

Export Prices by Country

In 2018, the magnetic media export price in Latvia amounted to $X per ton, increasing by X% against the previous year. In general, the magnetic media export price, however, continues to indicate a drastic decline. The most prominent rate of growth was recorded in 2016 an increase of X% y-o-y. Latvia export price peaked at $X per ton in 2008; however, from 2009 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($X per ton), while Spain ($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, while the other leaders experienced more modest paces of growth.

Magnetic Media Imports

Imports into Latvia

In 2018, the amount of magnetic media, not recorded, except cards with a magnetic stripe imported into Latvia totaled X tons, going up by X% against the previous year. Overall, magnetic media imports, however, continue to indicate a drastic deduction. The most prominent rate of growth was recorded in 2008 when imports increased by X% y-o-y. In that year, magnetic media imports attained their peak of X tons. From 2009 to 2018, the growth of magnetic media imports failed to regain its momentum.

In value terms, magnetic media imports amounted to $X in 2018. In general, magnetic media imports, however, continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, magnetic media imports attained their peak figure at $X in 2015; however, from 2016 to 2018, imports stood at a somewhat lower figure.

Imports by Country

Thailand represented the major importing country with an import of about X tons, which finished at X% of total imports. It was distantly followed by China (X tons), the U.S. (X tons), Singapore (X tons), the UK (X tons) and Germany (X tons), together creating a X% share of total imports. France (X tons), Italy (X tons), China, Hong Kong SAR (X tons), Malaysia (X tons), the Czech Republic (X tons) and the Netherlands (X tons) held a minor share of total imports.

Thailand was also the fastest-growing in terms of the magnetic media, not recorded, except cards with a magnetic stripe imports, with a CAGR of +X% from 2007 to 2018. At the same time, the Czech Republic (+X%) and Malaysia (+X%) displayed positive paces of growth. By contrast, Singapore (-X%), France (-X%), China (-X%), Italy (-X%), the U.S. (-X%), Germany (-X%), the UK (-X%), China, Hong Kong SAR (-X%) and the Netherlands (-X%) illustrated a downward trend over the same period. Thailand (+X p.p.) significantly strengthened its position in terms of the global imports, while Singapore, France, Italy, China, Hong Kong SAR, China, the Netherlands, Germany, the U.S. and the UK saw its share reduced by -X%, -X%, -X%, -X%, -X%, -X%, -X%, -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported magnetic media, not recorded, except cards with a magnetic stripe into Latvia, comprising X% of global imports. The second position in the ranking was occupied by China ($X), with a X% share of global imports. It was followed by the U.S., with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in Thailand totaled +X%. In the other countries, the average annual rates were as follows: China (-X% per year) and the U.S. (-X% per year).

Import Prices by Country

The magnetic media import price in Latvia stood at $X per ton in 2018, picking up by X% against the previous year. In general, the magnetic media import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X% against the previous year. In that year, the import prices for magnetic media, not recorded, except cards with a magnetic stripe reached their peak level of $X per ton. From 2014 to 2018, the growth in terms of the import prices for magnetic media, not recorded, except cards with a magnetic stripe remained at a lower figure.

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

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

Source: IndexBox Platform