Latvia: Seat Market 2020

Seat Market Size in Latvia

The revenue of the seat market in Latvia amounted to $X in 2018, going down by -X% against the previous year. Over the period under review, seat consumption continues to indicate a temperate setback. The most prominent rate of growth was recorded in 2010 when the market value increased by X% y-o-y. Over the period under review, the seat market attained its peak figure level at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Seat Production in Latvia

In value terms, seat production totaled $X in 2018 estimated in export prices. Overall, seat production continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2011 when production volume increased by X% y-o-y. Latvia seat production peaked at $X in 2008; however, from 2009 to 2018, production failed to regain its momentum.

Seat Exports

Exports from Latvia

Seat exports from Latvia stood at X units in 2018, reducing by -X% against the previous year. In general, seat exports, however, continue to indicate a slight expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. In that year, seat exports reached their peak of X units. From 2015 to 2018, the growth of seat exports failed to regain its momentum.

In value terms, seat exports stood at $X in 2018. In general, the total exports indicated a notable 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, seat exports increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. In that year, seat exports reached their peak of $X. From 2015 to 2018, the growth of seat exports remained at a somewhat lower figure.

Exports by Country

China dominates seat exports structure, recording X units, which was near X% of total exports in 2018. It was distantly followed by Poland (X units), comprising a X% share of total exports. The following exporters - Italy (X units), Vietnam (X units), the Netherlands (X units) and Germany (X units) - together made up X% of total exports.

Exports from China increased at an average annual rate of +X% from 2007 to 2018. At the same time, Poland (+X%), Vietnam (+X%) and the Netherlands (+X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Germany experienced a relatively flat trend pattern. By contrast, Italy (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.) and Poland (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest seat supplier from Latvia, comprising X% of global exports. The second position in the ranking was occupied by Poland ($X), with a X% share of global exports. It was followed by Italy, with a X% share.

In China, seat exports expanded at an average annual rate of +X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (+X% per year) and Italy (-X% per year).

Export Prices by Country

The seat export price in Latvia stood at $X per unit in 2018, increasing by X% against the previous year. Over the period under review, the seat export price continues to indicate a measured expansion. The pace of growth was the most pronounced in 2016 an increase of X% y-o-y. In that year, the export prices for seats reached their peak level of $X per unit. From 2017 to 2018, the growth in terms of the export prices for seats failed to regain its momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Poland ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Vietnam, while the other leaders experienced more modest paces of growth.

Seat Imports

Imports into Latvia

In 2018, the imports of seats into Latvia totaled X units, falling by -X% against the previous year. In general, seat imports continue to indicate a mild slump. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Latvia imports peaked at X units in 2008; however, from 2009 to 2018, imports remained at a lower figure.

In value terms, seat imports amounted to $X in 2018. Overall, seat imports continue to indicate a significant contraction. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. Latvia imports peaked at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

The U.S. was the largest importer of seats in the world, with the volume of imports accounting for X units, which was approx. X% of total imports in 2018. Germany (X units) took the second position in the ranking, followed by the UK (X units), France (X units) and the Netherlands (X units). All these countries together occupied approx. X% share of total imports. Japan (X units), South Korea (X units), Australia (X units), Italy (X units), Belgium (X units), Canada (X units) and Poland (X units) occupied a little share of total imports.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, Poland (+X%), South Korea (+X%), the Netherlands (+X%), Germany (+X%), Australia (+X%) and Japan (+X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Italy, France and the UK experienced a relatively flat trend pattern. By contrast, Belgium (-X%) and Canada (-X%) illustrated a downward trend over the same period. While the share of the U.S. (+X p.p.), Germany (+X p.p.), South Korea (+X p.p.) and the Netherlands (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported seats into Latvia, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by France, with a X% share.

In the U.S., seat imports increased at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+X% per year) and France (+X% per year).

Import Prices by Country

The seat import price in Latvia stood at $X per unit in 2018, surging by X% against the previous year. Over the period under review, the seat import price, however, continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. Over the period under review, the import prices for seats reached their maximum at $X per unit in 2014; however, from 2015 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per unit), while Poland ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by South Korea, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform