Latvia: Market for Mattresses of cellular rubber or plastics 2024

Market Size for Mattresses of cellular rubber or plastics in Latvia

The Latvian market for mattresses of cellular rubber or plastics declined markedly to $X in 2022, shrinking by -69.9% 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, consumption saw a pronounced decline. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Exports of Mattresses of cellular rubber or plastics

Exports from Latvia

In 2022, approx. X units of mattresses of cellular rubber or plastics were exported from Latvia; growing by 30% on 2021 figures. Overall, exports posted resilient growth. The pace of growth appeared the most rapid in 2018 with an increase of 54% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of mattresses of cellular rubber or plastics skyrocketed to $X in 2022. In general, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 54% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Estonia (X units), Lithuania (X units) and Germany (X units) were the main destinations of exports of mattresses of cellular rubber or plastics from Latvia, together accounting for 98% of total exports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +301.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X), Lithuania ($X) and Germany ($X) were the largest markets for mattresses of cellular rubber or plastics exported from Latvia worldwide, with a combined 98% share of total exports.

In terms of the main countries of destination, Germany, with a CAGR of +295.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for mattresses of cellular rubber or plastics stood at $X per unit in 2022, surging by 17% against the previous year. In general, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 an increase of 60% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($X per unit), while the average price for exports to Estonia ($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 Romania (+20.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mattresses of cellular rubber or plastics

Imports into Latvia

After four years of growth, purchases abroad of mattresses of cellular rubber or plastics decreased by -26.4% to X units in 2022. Over the period under review, total imports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 43% against the previous year. Over the period under review, imports of attained the peak figure at X units in 2021, and then declined rapidly in the following year.

In value terms, imports of mattresses of cellular rubber or plastics skyrocketed to $X in 2022. The total import value increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when imports increased by 34%. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Poland (X units) constituted the largest supplier of mattresses of cellular rubber or plastics to Latvia, accounting for a 67% share of total imports. Moreover, imports of mattresses of cellular rubber or plastics from Poland exceeded the figures recorded by the second-largest supplier, Denmark (X units), sixfold. The third position in this ranking was taken by Romania (X units), with a 9.4% share.

From 2012 to 2022, the average annual growth rate of volume from Poland stood at +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+74.6% per year) and Romania (+284.4% per year).

In value terms, Poland ($X) constituted the largest supplier of mattresses of cellular rubber or plastics to Latvia, comprising 67% of total imports. The second position in the ranking was held by Denmark ($X), with a 10% share of total imports. It was followed by Romania, with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland stood at +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+75.9% per year) and Romania (+304.0% per year).

Import Prices by Country

In 2022, the average import price for mattresses of cellular rubber or plastics amounted to $X per unit, surging by 57% against the previous year. Overall, the import price saw a relatively flat trend pattern. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($X per unit) and Denmark ($X per unit), while the price for Lithuania ($X per unit) and Sweden ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform