Latvia: Market for Rigid Tubes, Pipes and Hoses, of Other Polymers 2024

Market Size for Rigid Tubes, Pipes and Hoses, of Other Polymers in Latvia

The Latvian market for rigid tubes, pipes and hoses, of other polymers contracted to $X in 2022, which is down by -6.4% 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, consumption showed a deep contraction. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Exports of Rigid Tubes, Pipes and Hoses, of Other Polymers

Exports from Latvia

In 2022, the amount of rigid tubes, pipes and hoses, of other polymers exported from Latvia surged to X tons, rising by 21% on the previous year. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 18,033% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of rigid tubes, pipes and hoses, of other polymers reduced to $X in 2022. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 22,718%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Sweden (X tons), Russia (X tons) and Ukraine (X kg) were the main destinations of exports of rigid tubes, pipes and hoses, of other polymers from Latvia, with a combined 68% share of total exports. Poland, Estonia, Switzerland, Kazakhstan, Tajikistan, Germany, Belarus, Saudi Arabia and Finland lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for Tajikistan (with a CAGR of +2,640.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for rigid tubes, pipes and hoses, of other polymers exported from Latvia were Switzerland ($X), Russia ($X) and Sweden ($X), together comprising 59% of total exports.

Switzerland, with a CAGR of +419.9%, saw the highest growth rate of the value of exports, in terms of 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 export price for rigid tubes, pipes and hoses, of other polymers amounted to $X per ton, shrinking by -25.5% against the previous year. In general, the export price saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2016 an increase of 77%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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 Switzerland ($X per ton), while the average price for exports to Tajikistan ($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 Switzerland (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses, of Other Polymers

Imports into Latvia

After two years of growth, purchases abroad of rigid tubes, pipes and hoses, of other polymers decreased by -7.6% to X tons in 2022. Over the period under review, imports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when imports increased by 317%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of rigid tubes, pipes and hoses, of other polymers shrank to $X in 2022. Overall, imports continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2013 with an increase of 176%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Turkey (X tons), Poland (X tons) and Lithuania (X tons) were the main suppliers of imports of rigid tubes, pipes and hoses, of other polymers to Latvia, with a combined 52% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +569.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest rigid tubes, pipes and hoses, of other polymers suppliers to Latvia were Turkey ($X), Poland ($X) and Lithuania ($X), with a combined 42% share of total imports.

Among the main suppliers, Turkey, with a CAGR of +408.8%, 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

In 2022, the average import price for rigid tubes, pipes and hoses, of other polymers amounted to $X per ton, picking up by 4.6% against the previous year. In general, the import price enjoyed prominent growth. The most prominent rate of growth was recorded in 2016 an increase of 44%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform