Latvia: Market for Plastics Tubes, Pipes And Hoses, And Fitting 2024

Market Size for Plastics Tubes, Pipes And Hoses, And Fitting in Latvia

In 2022, after two years of growth, there was significant decline in the Latvian plastic pipe and hose market, when its value decreased by X% to $X. In general, consumption, however, recorded a relatively flat trend pattern. Plastic pipe and hose consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Plastics Tubes, Pipes And Hoses, And Fitting in Latvia

In value terms, plastic pipe and hose production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. Plastic pipe and hose production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Plastics Tubes, Pipes And Hoses, And Fitting

Exports from Latvia

In 2022, the amount of plastics tubes, pipes and hoses, and fitting exported from Latvia totaled X tons, approximately reflecting 2021 figures. Overall, exports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, plastic pipe and hose exports rose modestly to $X in 2022. Over the period under review, exports posted a prominent expansion. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Lithuania (X tons) was the main destination for plastic pipe and hose exports from Latvia, with a X% share of total exports. Moreover, plastic pipe and hose exports to Lithuania exceeded the volume sent to the second major destination, Sweden (X tons), twofold. The third position in this ranking was taken by Estonia (X tons), with a X% share.

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

In value terms, Lithuania ($X), Sweden ($X) and Russia ($X) appeared to be the largest markets for plastic pipe and hose exported from Latvia worldwide, together accounting for X% of total exports. Estonia, Denmark, Finland and Germany lagged somewhat behind, together accounting for a further X%.

Germany, with a CAGR of X%, 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 more modest paces of growth.

Export Prices by Country

In 2022, the average plastic pipe and hose export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, export price indicated a mild expansion 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, plastic pipe and hose export price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

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

Imports of Plastics Tubes, Pipes And Hoses, And Fitting

Imports into Latvia

For the third consecutive year, Latvia recorded growth in supplies from abroad of plastics tubes, pipes and hoses, and fitting, which increased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, plastic pipe and hose imports rose to $X in 2022. In general, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Poland (X tons), Estonia (X tons) and Lithuania (X tons) were the main suppliers of plastic pipe and hose imports to Latvia, together accounting for X% of total imports. Germany, Italy, Turkey, Sweden, China and the Czech Republic lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest plastic pipe and hose suppliers to Latvia were Poland ($X), Estonia ($X) and Lithuania ($X), with a combined X% share of total imports. Germany, Italy, Sweden, the Czech Republic, Turkey and China lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Turkey, with a CAGR of X%, saw the highest growth rate of 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

The average plastic pipe and hose import price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.

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

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

Source: IndexBox Platform