Latvia: Market for Packing Cases, Boxes And Similar Packings 2025

Market Size for Packing Cases, Boxes And Similar Packings in Latvia

In 2022, the Latvian wooden case and box market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, continues to indicate a drastic downturn. Wooden case and box consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Packing Cases, Boxes And Similar Packings in Latvia

In value terms, wooden case and box production soared to $X in 2022 estimated in export price. In general, production, however, faced a abrupt shrinkage. Wooden case and box production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Packing Cases, Boxes And Similar Packings

Exports from Latvia

In 2022, shipments abroad of packing cases, boxes and similar packings increased by X% to X units, rising for the second consecutive year after three years of decline. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, wooden case and box exports soared to $X in 2022. Overall, exports showed a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for wooden case and box exports from Latvia, accounting for a X% share of total exports. Moreover, wooden case and box exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X units), threefold. France (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and France (X% per year).

In value terms, Germany ($X) remains the key foreign market for packing cases, boxes and similar packings exports from Latvia, comprising X% of total exports. The second position in the ranking was taken by Sweden ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the average wooden case and box export price amounted to $X per unit, growing by X% against the previous year. Overall, the export price enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to the Netherlands ($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 Sweden (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Packing Cases, Boxes And Similar Packings

Imports into Latvia

In 2022, approx. X units of packing cases, boxes and similar packings were imported into Latvia; with an increase of X% compared with 2021. Overall, imports posted a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, wooden case and box imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed resilient growth. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Lithuania (X units) constituted the largest supplier of wooden case and box to Latvia, accounting for a X% share of total imports. Moreover, wooden case and box imports from Lithuania exceeded the figures recorded by the second-largest supplier, Estonia (X units), twofold. The third position in this ranking was taken by Poland (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Lithuania amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (X% per year) and Poland (X% per year).

In value terms, Lithuania ($X), Estonia ($X) and Poland ($X) appeared to be the largest wooden case and box suppliers to Latvia, together comprising X% of total imports. Belarus, Finland, Russia, Germany, Denmark and Ukraine lagged somewhat behind, together comprising a further X%.

Ukraine, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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 wooden case and box import price amounted to $X per unit, growing by X% against the previous year. In general, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden case and box import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Belarus ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform