Latvia: Plastic Self-Adhesive Plate Market 2024

Plastic Self-Adhesive Plate Market Size in Latvia

The Latvian plastic self-adhesive plate market shrank modestly to $X in 2022, with a decrease of -4.5% 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, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +7.1% 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 +17.9% against 2020 indices. Plastic self-adhesive plate consumption peaked at $X in 2021, and then declined modestly in the following year.

Plastic Self-Adhesive Plate Exports

Exports from Latvia

In 2022, shipments abroad of plastic self-adhesive plates, sheets and other flat shapes increased by 7.7% to X tons, rising for the third year in a row after five years of decline. The total export volume increased at an average annual rate of +3.7% 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 2020 with an increase of 27%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastic self-adhesive plate exports amounted to $X in 2022. Overall, total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.7% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 26% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Russia (X tons), Lithuania (X tons) and Estonia (X tons) were the main destinations of plastic self-adhesive plate exports from Latvia, with a combined 88% share of total exports. Finland and Belarus lagged somewhat behind, together comprising a further 4%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Finland (with a CAGR of +18.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic self-adhesive plate exported from Latvia were Russia ($X), Estonia ($X) and Lithuania ($X), together comprising 87% of total exports. Finland and Belarus lagged somewhat behind, together comprising a further 4.1%.

Finland, with a CAGR of +25.4%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average plastic self-adhesive plate export price amounted to $X per ton, reducing by -5.3% against the previous year. Overall, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic self-adhesive plate export price increased by +6.6% against 2020 indices. The pace of growth was the most pronounced in 2016 an increase of 33%. The export price peaked at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Russia ($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 Estonia (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Self-Adhesive Plate Imports

Imports into Latvia

In 2022, the amount of plastic self-adhesive plates, sheets and other flat shapes imported into Latvia totaled X tons, surging by 2.5% against 2021 figures. The total import volume increased at an average annual rate of +5.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 29% against the previous year. Imports peaked at X tons in 2015; afterwards, it flattened through to 2022.

In value terms, plastic self-adhesive plate imports contracted to $X in 2022. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.6% 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 +69.1% against 2016 indices. The pace of growth was the most pronounced in 2021 when imports increased by 23% against the previous year. As a result, imports attained the peak of $X, and then fell modestly in the following year.

Imports by Country

Poland (X tons), Lithuania (X tons) and Germany (X tons) were the main suppliers of plastic self-adhesive plate imports to Latvia, with a combined 60% share of total imports. Russia, China, Italy, Estonia, Finland, the Czech Republic, the UK, Spain and the Netherlands lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +56.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic self-adhesive plate suppliers to Latvia were Germany ($X), Poland ($X) and Lithuania ($X), together comprising 60% of total imports. China, the Netherlands, Italy, Russia, the UK, Estonia, Finland, the Czech Republic and Spain lagged somewhat behind, together accounting for a further 30%.

Russia, with a CAGR of +36.1%, recorded the highest growth rate of 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

The average plastic self-adhesive plate import price stood at $X per ton in 2022, waning by -5.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2017 when the average import price increased by 24%. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then shrank in the following year.

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 the Netherlands ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform