Latvia: Safety Glass Market 2020

Safety Glass Market Size in Latvia

The revenue of the safety glass market in Latvia amounted to $X in 2018, declining by -X% against the previous year. Over the period under review, safety glass consumption, however, continues to indicate a deep curtailment. The pace of growth was the most pronounced in 2012 with an increase of X% against the previous year. Over the period under review, the safety glass market attained its peak figure level at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Safety Glass Production in Latvia

In value terms, safety glass production totaled $X in 2018 estimated in export prices. Over the period under review, safety glass production, however, continues to indicate a drastic reduction. The growth pace was the most rapid in 2012 when production volume increased by X% y-o-y. Over the period under review, safety glass production reached its maximum level at $X in 2007; however, from 2008 to 2018, production failed to regain its momentum.

Safety Glass Exports

Exports from Latvia

In 2018, the safety glass exports from Latvia amounted to X tons, going up by X% against the previous year. Overall, safety glass exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Latvia exports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, safety glass exports totaled $X in 2018. Overall, safety glass exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. In that year, safety glass exports reached their peak of $X, and then declined slightly in the following year.

Exports by Country

Estonia represented the main exporting country with an export of about X tons, which finished at X% of total exports. It was distantly followed by Romania (X tons), Mexico (X tons) and Egypt (X tons), together committing a X% share of total exports. Indonesia (X tons), Finland (X tons), Morocco (X tons), Japan (X tons), South Africa (X tons), Malaysia (X tons), Bulgaria (X tons) and Peru (X tons) took a little share of total exports.

Exports from Estonia increased at an average annual rate of +X% from 2007 to 2018. At the same time, Indonesia (+X%), South Africa (+X%), Morocco (+X%), Mexico (+X%), Malaysia (+X%), Bulgaria (+X%), Japan (+X%), Peru (+X%), Romania (+X%), Finland (+X%) and Egypt (+X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. From 2007 to 2018, the share of Estonia, Romania, Mexico, Egypt, Indonesia, Finland, Morocco, Japan, South Africa, Malaysia, Bulgaria and Peru increased by +X%, +X%, +X%, +X%, +X%, +X%, +X%, +X%, +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest safety glass markets from Latvia were Mexico ($X), Japan ($X) and Finland ($X), together comprising X% of total exports. These countries were followed by Malaysia, Romania, Estonia, Bulgaria, South Africa, Peru, Indonesia, Egypt, Morocco and Latvia, which together accounted for a further X the main exporting countries, Bulgaria recorded the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The safety glass export price in Latvia stood at $X per kg in 2018, waning by -X% against the previous year. In general, the safety glass export price, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2016 when the export price increased by X% against the previous year. In that year, the export prices for safety glass attained their peak level of $X per kg. From 2017 to 2018, the growth in terms of the export prices for safety glass failed to regain its momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($X per kg), while Estonia ($X per kg) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Egypt, while the other leaders experienced a decline in the export price figures.

Safety Glass Imports

Imports into Latvia

In 2018, the amount of safety glass imported into Latvia amounted to X tons, growing by X% against the previous year. Over the period under review, safety glass imports continue to indicate an outstanding expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, safety glass imports attained their peak figure at X tons in 2015; however, from 2016 to 2018, imports failed to regain their momentum.

In value terms, safety glass imports stood at $X in 2018. Over the period under review, the total imports indicated a remarkable increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, safety glass imports increased by +X% against 2016 indices. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, safety glass imports reached their peak figure at $X in 2017, and then declined slightly in the following year.

Imports by Country

In 2018, Canada (X tons) was the largest importer of safety glass, comprising X% of total imports. Belgium (X tons) ranks second in terms of the total imports with a X% share, followed by Pakistan (X%). Italy (X tons), Algeria (X tons), Portugal (X tons), Spain (X tons) and Slovakia (X tons) followed a long way behind the leaders.

Canada was also the fastest-growing in terms of the safety glass imports, with a CAGR of +X% from 2007 to 2018. At the same time, Pakistan (+X%), Slovakia (+X%), Algeria (+X%), Portugal (+X%), Italy (+X%), Belgium (+X%) and Spain (+X%) displayed positive paces of growth. Canada (+X p.p.), Belgium (+X p.p.), Pakistan (+X p.p.), Italy (+X p.p.), Algeria (+X p.p.), Portugal (+X p.p.) and Slovakia (+X p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X), Canada ($X) and Slovakia ($X) appeared to be the countries with the highest levels of imports in 2018, with a combined X% share of total imports.

In terms of the main importing countries, Slovakia recorded the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the safety glass import price in Latvia amounted to $X per kg, shrinking by -X% against the previous year. In general, the safety glass import price continues to indicate a dramatic drop. The most prominent rate of growth was recorded in 2016 when the import price increased by X% y-o-y. Over the period under review, the import prices for safety glass reached their maximum at $X per kg in 2007; however, from 2008 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Slovakia ($X per kg), while Pakistan ($X per kg) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Spain, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform