Latvia: Market for Porcelain Or China Tableware And Kitchenware 2024

Market Size for Porcelain Or China Tableware And Kitchenware in Latvia

In 2022, the Latvian porcelain tableware and kitchenware market increased by 39% to $X, rising for the second year in a row after four years of decline. Overall, consumption, however, showed a slight decrease. Porcelain tableware and kitchenware consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Exports of Porcelain Or China Tableware And Kitchenware

Exports from Latvia

In 2022, after three years of growth, there was significant decline in shipments abroad of porcelain or china tableware and kitchenware, when their volume decreased by -59.6% to X tons. Over the period under review, exports recorded a mild downturn. The pace of growth was the most pronounced in 2014 when exports increased by 154% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, porcelain tableware and kitchenware exports reduced notably to $X in 2022. Overall, exports, however, continue to indicate a pronounced expansion. The pace of growth was the most pronounced in 2014 with an increase of 166%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Estonia (X tons), Lithuania (X tons) and Russia (X tons) were the main destinations of porcelain tableware and kitchenware exports from Latvia, together accounting for 91% of total exports. Poland and Uzbekistan lagged somewhat behind, together comprising a further 6.7%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uzbekistan (with a CAGR of +32.9%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for porcelain tableware and kitchenware exported from Latvia were Estonia ($X), Lithuania ($X) and Russia ($X), with a combined 82% share of total exports.

In terms of the main countries of destination, Lithuania, with a CAGR of +9.3%, 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 mixed trend patterns.

Export Prices by Country

The average porcelain tableware and kitchenware export price stood at $X per ton in 2022, growing by 42% against the previous year. Overall, the export price showed a notable increase. The growth pace was the most rapid in 2015 when the average export price increased by 57%. As a result, the export price reached the peak level of $X per ton. From 2016 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 Russia ($X per ton), while the average price for exports to Uzbekistan ($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 Russia (+14.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Porcelain Or China Tableware And Kitchenware

Imports into Latvia

In 2022, the amount of porcelain or china tableware and kitchenware imported into Latvia rose to X tons, with an increase of 3.2% against 2021. Overall, imports, however, saw a perceptible reduction. The most prominent rate of growth was recorded in 2014 with an increase of 67%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, porcelain tableware and kitchenware imports shrank to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 22% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Poland (X tons), Lithuania (X tons) and Germany (X tons) were the main suppliers of porcelain tableware and kitchenware imports to Latvia, together accounting for 62% of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +25.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X), Poland ($X) and Germany ($X) were the largest porcelain tableware and kitchenware suppliers to Latvia, together accounting for 55% of total imports. China, Finland, the Netherlands, Thailand and Italy lagged somewhat behind, together comprising a further 33%.

Finland, with a CAGR of +25.3%, recorded the highest growth rate of 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 porcelain tableware and kitchenware import price amounted to $X per ton, waning by -13% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The growth pace was the most rapid in 2013 an increase of 34%. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform