Latvia: Market for Other Plastic Tubes, Pipes and Hoses 2025

Market Size for Other Plastic Tubes, Pipes and Hoses in Latvia

After four years of growth, the Latvian market for other plastic tubes, pipes and hoses decreased by -43.2% to $X in 2022. In general, consumption, however, showed a tangible increase. As a result, consumption reached the peak level of $X, and then shrank significantly in the following year.

Production of Other Plastic Tubes, Pipes and Hoses in Latvia

In value terms, production of other plastic tubes, pipes and hoses fell sharply to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 59% against the previous year. Production of peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Other Plastic Tubes, Pipes and Hoses

Exports from Latvia

In 2022, after three years of decline, there was significant growth in overseas shipments of other plastic tubes, pipes and hoses, when their volume increased by 42% to X tons. Overall, exports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 when exports increased by 76%. Over the period under review, the exports of reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, exports of other plastic tubes, pipes and hoses contracted to $X in 2022. Over the period under review, exports, however, saw a pronounced curtailment. The pace of growth was the most pronounced in 2013 when exports increased by 72% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for exports of other plastic tubes, pipes and hoses from Latvia, with a 56% share of total exports. Moreover, exports of other plastic tubes, pipes and hoses to Germany exceeded the volume sent to the second major destination, Lithuania (X tons), twofold. The third position in this ranking was held by Russia (X tons), with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled +68.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (-10.6% per year) and Russia (-14.6% per year).

In value terms, the largest markets for other plastic tubes, pipes and hoses exported from Latvia were Germany ($X), Lithuania ($X) and Russia ($X), with a combined 80% share of total exports.

Germany, with a CAGR of +61.3%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for other plastic tubes, pipes and hoses stood at $X per ton in 2022, shrinking by -30.9% against the previous year. Over the period under review, the export price, however, showed a pronounced expansion. The pace of growth appeared the most rapid in 2020 when the average export price increased by 52% against the previous year. The export price peaked at $X per ton in 2021, and then declined notably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Other Plastic Tubes, Pipes and Hoses

Imports into Latvia

In 2022, the amount of other plastic tubes, pipes and hoses imported into Latvia shrank to X tons, waning by -3.4% compared with 2021. In general, imports, however, recorded mild growth. The most prominent rate of growth was recorded in 2018 when imports increased by 49%. Imports peaked at X tons in 2021, and then dropped in the following year.

In value terms, imports of other plastic tubes, pipes and hoses dropped to $X in 2022. Over the period under review, imports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2018 when imports increased by 38% against the previous year. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, Poland (X tons) constituted the largest other plastic tubes, pipes and hoses supplier to Latvia, accounting for a 42% share of total imports. Moreover, imports of other plastic tubes, pipes and hoses from Poland exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was taken by Italy (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland totaled +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.9% per year) and Italy (+17.3% per year).

In value terms, the largest other plastic tubes, pipes and hoses suppliers to Latvia were Germany ($X), Poland ($X) and Italy ($X), together comprising 53% of total imports.

Italy, with a CAGR of +24.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for other plastic tubes, pipes and hoses amounted to $X per ton, which is down by -5.2% against the previous year. In general, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for other plastic tubes, pipes and hoses decreased by -13.6% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 73%. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a 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 Turkey ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+32.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform