Latvia: Household Sewing Machine Market 2020

Household Sewing Machine Market Size in Latvia

The revenue of the household sewing machine market in Latvia amounted to $X in 2018, leveling off at 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, household sewing machine consumption continues to indicate a drastic contraction. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Latvia household sewing machine consumption peaked at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Household Sewing Machine Exports

Exports from Latvia

In 2018, the amount of household sewing machines exported from Latvia amounted to X units, increasing by X% against the previous year. Overall, household sewing machine exports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2008 when exports increased by X% year-to-year. Over the period under review, household sewing machine exports attained their maximum at X units in 2016; however, from 2017 to 2018, exports stood at a somewhat lower figure.

In value terms, household sewing machine exports totaled $X in 2018. Overall, household sewing machine exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. In that year, household sewing machine exports attained their peak of $X. From 2017 to 2018, the growth of household sewing machine exports failed to regain its momentum.

Exports by Country

Vietnam (X units) and China (X units) represented roughly X% of total exports of household sewing machines in 2018. Taiwan, Chinese (X units) ranks next in terms of the total exports with a X% share, followed by Thailand (X%) and Germany (X%). The following exporters - the Netherlands (X units) and India (X units) - each recorded a X% share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

In value terms, the largest household sewing machine markets from Latvia were Vietnam ($X), China ($X) and Taiwan, Chinese ($X), with a combined X% share of total exports. These countries were followed by Thailand, Germany, the Netherlands, India and Latvia, which together accounted for a further X Netherlands experienced the highest growth rate of exports, in terms of the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the household sewing machine export price in Latvia amounted to $X per unit, growing by X% against the previous year. Over the period under review, the household sewing machine export price, however, continues to indicate a drastic decrease. The most prominent rate of growth was recorded in 2018 when the export price increased by X% year-to-year. Over the period under review, the export prices for household sewing machines attained their maximum at $X per unit in 2007; however, from 2008 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Germany ($X per unit), while India ($X per unit) was amongst the lowest.

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

Household Sewing Machine Imports

Imports into Latvia

In 2018, approx. X units of household sewing machines were imported into Latvia; going down by -X% against the previous year. Overall, household sewing machine imports continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Latvia imports peaked at X units in 2012; however, from 2013 to 2018, imports remained at a lower figure.

In value terms, household sewing machine imports amounted to $X in 2018. In general, household sewing machine imports continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, household sewing machine imports reached their maximum at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, the U.S. (X units), distantly followed by Germany (X units), Japan (X units), the Netherlands (X units) and Russia (X units) represented the main importers of household sewing machines, together constituting X% of total imports. Venezuela (X units), the UK (X units), Spain (X units), Poland (X units), France (X units), Bangladesh (X units) and Belgium (X units) occupied a little share of total imports.

The U.S. experienced a relatively flat trend pattern of household sewing machines imports. At the same time, Venezuela (+X%), the Netherlands (+X%), Poland (+X%), Germany (+X%), Belgium (+X%), Spain (+X%), Bangladesh (+X%) and Japan (+X%) displayed positive paces of growth. Moreover, Venezuela emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. The UK experienced a relatively flat trend pattern. By contrast, Russia (-X%) and France (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of the Netherlands, Germany, Venezuela and Poland increased by +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 U.S. ($X), Germany ($X) and Japan ($X) appeared to be the countries with the highest levels of imports in 2018, with a combined X% share of total imports. These countries were followed by Poland, France, the Netherlands, Russia, the UK, Spain, Belgium, Latvia, Bangladesh and Venezuela, which together accounted for a further X recorded the highest growth rate of imports, among the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The household sewing machine import price in Latvia stood at $X per unit in 2018, going up by X% against the previous year. In general, the household sewing machine import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X% year-to-year. Over the period under review, the import prices for household sewing machines reached their maximum in 2018 and is likely to see steady growth in the near future.

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

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

Source: IndexBox Platform