Latvia: Market for Plastics Pipes And Pipe Fittings 2025

Market Size for Plastics Pipes And Pipe Fittings in Latvia

In 2022, the Latvian market for plastics pipes and pipe fittings increased by 0.3% to $X, rising for the second consecutive year after two years of decline. Overall, consumption saw a pronounced reduction. Plastics pipe and pipe fitting consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Plastics Pipes And Pipe Fittings in Latvia

In value terms, plastics pipe and pipe fitting production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a noticeable downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by 24%. Plastics pipe and pipe fitting production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Plastics Pipes And Pipe Fittings

Exports from Latvia

In 2022, after five years of growth, there was significant decline in shipments abroad of plastics pipes and pipe fittings, when their volume decreased by -5.7% to X tons. Overall, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 86% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then contracted in the following year.

In value terms, plastics pipe and pipe fitting exports reached $X in 2022. Over the period under review, exports, however, showed a strong expansion. The growth pace was the most rapid in 2020 with an increase of 63%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Lithuania (X tons), Sweden (X tons) and Estonia (X tons) were the main destinations of plastics pipe and pipe fitting exports from Latvia, with a combined 71% share of total exports. Denmark, Russia, Finland and Norway lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of +28.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastics pipe and pipe fitting exported from Latvia were Lithuania ($X), Sweden ($X) and Estonia ($X), with a combined 67% share of total exports. Denmark, Russia, Finland and Norway lagged somewhat behind, together accounting for a further 24%.

Among the main countries of destination, Denmark, with a CAGR of +31.5%, recorded the highest rates of growth with regard to 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 export price for plastics pipes and pipe fittings stood at $X per ton in 2022, picking up by 9.3% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 21%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Lithuania ($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 (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastics Pipes And Pipe Fittings

Imports into Latvia

Plastics pipe and pipe fitting imports into Latvia reduced to X tons in 2022, dropping by -6.7% on 2021. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 23%. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, plastics pipe and pipe fitting imports reduced slightly to $X in 2022. In general, total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +2.7% 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 +88.0% against 2016 indices. The growth pace was the most rapid in 2017 with an increase of 23% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then contracted slightly in the following year.

Imports by Country

Poland (X tons), Estonia (X tons) and Lithuania (X tons) were the main suppliers of plastics pipe and pipe fitting imports to Latvia, together comprising 68% of total imports. Germany, Italy, Sweden and China lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +7.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastics pipe and pipe fitting suppliers to Latvia were Poland ($X), Estonia ($X) and Lithuania ($X), with a combined 56% share of total imports. Italy, Germany, Sweden and China lagged somewhat behind, together accounting for a further 29%.

In terms of the main suppliers, Italy, with a CAGR of +9.8%, recorded 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 import price for plastics pipes and pipe fittings stood at $X per ton in 2022, rising by 5.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2021 an increase of 22% 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 near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform