Latvia: Photo Camera Market 2025

Photo Camera Market Size in Latvia

The Latvian photo camera market expanded to $X in 2022, surging by 1.9% against the previous year. Over the period under review, consumption, however, continues to indicate a mild decline. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Photo Camera Production in Latvia

In value terms, photo camera production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a mild decrease. The most prominent rate of growth was recorded in 2017 with an increase of 76% against the previous year. Photo camera production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Photo Camera Exports

Exports from Latvia

In 2022, the amount of photographic (other than cinematographic) cameras exported from Latvia declined to X units, with a decrease of -12% compared with the year before. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by 376% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, photo camera exports rose modestly to $X in 2022. Over the period under review, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2014 when exports increased by 405%. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Lithuania (X units), Greece (X units) and Estonia (X units) were the main destinations of photo camera exports from Latvia, together comprising 81% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lithuania (with a CAGR of +28.7%), while the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X), Greece ($X) and Estonia ($X) constituted the largest markets for photo camera exported from Latvia worldwide, with a combined 35% share of total exports.

Lithuania, with a CAGR of +10.5%, recorded the highest growth rate of the value of exports, among 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 photo camera export price stood at $X per unit in 2022, jumping by 19% against the previous year. In general, the export price, however, continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2017 when the average export price increased by 109% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Peru ($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 Greece (-7.5%), while the prices for the other major destinations experienced a decline.

Photo Camera Imports

Imports into Latvia

In 2022, approx. X units of photographic (other than cinematographic) cameras were imported into Latvia; stabilizing at the year before. In general, imports, however, saw a tangible increase. The pace of growth was the most pronounced in 2015 with an increase of 1,659% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, photo camera imports stood at $X in 2022. Overall, imports continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2015 with an increase of 1,013%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Lithuania (X units), Sweden (X units) and the Netherlands (X units) were the main suppliers of photo camera imports to Latvia, together accounting for 83% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +35.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest photo camera suppliers to Latvia were Lithuania ($X), Germany ($X) and Sweden ($X), together comprising 71% of total imports. Poland, Estonia and the Netherlands lagged somewhat behind, together comprising a further 6.8%.

Among the main suppliers, the Netherlands, with a CAGR of +17.1%, recorded the highest rates of growth with regard to the value of imports, 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 photo camera import price amounted to $X per unit, rising by 4.9% against the previous year. Overall, the import price, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2016 when the average import price increased by 31%. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Germany ($X per unit), while the price for the Netherlands ($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 (+3.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform