Latvia: Personal Weighing Machine Market 2025

Personal Weighing Machine Market Size in Latvia

In 2022, after three years of growth, there was significant decline in the Latvian personal weighing machine market, when its value decreased by -25.5% to $X. In general, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +54.4% against 2018 indices. Personal weighing machine consumption peaked at $X in 2021, and then contracted dramatically in the following year.

Personal Weighing Machine Exports

Exports from Latvia

In 2022, after five years of growth, there was significant decline in shipments abroad of personal weighing machines, when their volume decreased by -20.7% to X units. In general, exports, however, posted a moderate expansion. The pace of growth was the most pronounced in 2021 when exports increased by 72% against the previous year. As a result, the exports reached the peak of X units, and then shrank dramatically in the following year.

In value terms, personal weighing machine exports declined dramatically to $X in 2022. Overall, exports, however, recorded a tangible increase. The pace of growth was the most pronounced in 2020 with an increase of 95%. Over the period under review, the exports reached the peak figure at $X in 2021, and then contracted significantly in the following year.

Exports by Country

Estonia (X units), Lithuania (X units) and Poland (X units) were the main destinations of personal weighing machine exports from Latvia, together accounting for 98% of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +13.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X), Lithuania ($X) and Poland ($X) constituted the largest markets for personal weighing machine exported from Latvia worldwide, with a combined 94% share of total exports.

Among the main countries of destination, Estonia, with a CAGR of +6.3%, recorded the highest growth rate of 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 personal weighing machine export price stood at $X per unit in 2022, waning by -17.1% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 32%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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 Romania ($X per unit), while the average price for exports to Estonia ($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 (+14.9%), while the prices for the other major destinations experienced mixed trend patterns.

Personal Weighing Machine Imports

Imports into Latvia

In 2022, purchases abroad of personal weighing machines decreased by -15.7% to X units for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.6% against 2018 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 42%. Imports peaked at X units in 2021, and then fell significantly in the following year.

In value terms, personal weighing machine imports declined notably to $X in 2022. Overall, imports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 65% against the previous year. As a result, imports reached the peak of $X, and then shrank rapidly in the following year.

Imports by Country

Germany (X units), Poland (X units) and China (X units) were the main suppliers of personal weighing machine imports to Latvia, with a combined 68% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +28.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest personal weighing machine suppliers to Latvia were Germany ($X), Lithuania ($X) and Poland ($X), together accounting for 67% of total imports.

Poland, with a CAGR of +26.4%, saw the highest rates of growth with regard to 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 personal weighing machine import price amounted to $X per unit, shrinking by -16% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 26% against the previous year. As a result, import price reached the peak level of $X per unit, and then reduced remarkably in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform