Report Update Nov 1, 2024

Latvia - Spindles and Spindle Flyers, Spinning Ring and Ring Travellers - Market Analysis, Forecast, Size, Trends and Insights

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Latvia: Market for Spindles And Spindle Flyers, Spinning Ring And Ring Travellers 2024

Market Size for Spindles And Spindle Flyers, Spinning Ring And Ring Travellers in Latvia

In 2022, the Latvian spindles and spindle flyer market decreased by -9.6% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption recorded strong growth. Over the period under review, the market attained the peak level at $X in 2021, and then declined in the following year.

Exports of Spindles And Spindle Flyers, Spinning Ring And Ring Travellers

Exports from Latvia

In 2020, shipments abroad of spindles and spindle flyers, spinning ring and ring travellers increased by 40% to X kg for the first time since 2017, thus ending a two-year declining trend. Over the period under review, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 127% against the previous year. The exports peaked at X kg in 2017; however, from 2018 to 2020, the exports remained at a lower figure.

In value terms, spindles and spindle flyer exports soared to $X in 2020. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 361% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2020, the growth of the exports remained at a lower figure.

Exports by Country

Denmark (X kg) was the main destination for spindles and spindle flyer exports from Latvia, with a approx. 100% share of total exports.

From 2012 to 2020, the average annual growth rate of volume to Denmark amounted to +11.2%.

In value terms, Denmark ($X) emerged as the key foreign market for spindles and spindle flyers, spinning ring and ring travellers exports from Latvia.

From 2012 to 2020, the average annual rate of growth in terms of value to Denmark totaled +21.1%.

Export Prices by Country

In 2020, the average spindles and spindle flyer export price amounted to $X per ton, jumping by 61% against the previous year. Overall, the export price saw a resilient increase. The growth pace was the most rapid in 2015 when the average export price increased by 104% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2020, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Denmark.

From 2012 to 2020, the rate of growth in terms of prices for Estonia amounted to +72.5% per year.

Imports of Spindles And Spindle Flyers, Spinning Ring And Ring Travellers

Imports into Latvia

In 2022, supplies from abroad of spindles and spindle flyers, spinning ring and ring travellers increased by 6.8% to X tons, rising for the third year in a row after three years of decline. Overall, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2016 when imports increased by 171%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, spindles and spindle flyer imports shrank to $X in 2022. In general, imports continue to indicate a strong increase. The pace of growth was the most pronounced in 2016 with an increase of 115% against the previous year. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, France (X kg) constituted the largest supplier of spindles and spindle flyer to Latvia, accounting for a 60% share of total imports. Moreover, spindles and spindle flyer imports from France exceeded the figures recorded by the second-largest supplier, Germany (X kg), fourfold. The third position in this ranking was taken by South Korea (X kg), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from France totaled +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.9% per year) and South Korea (0.0% per year).

In value terms, France ($X) constituted the largest supplier of spindles and spindle flyers, spinning ring and ring travellers to Latvia, comprising 62% of total imports. The second position in the ranking was taken by Germany ($X), with a 22% share of total imports. It was followed by the Netherlands, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France stood at +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+20.0% per year) and the Netherlands (0.0% per year).

Import Prices by Country

In 2022, the average spindles and spindle flyer import price amounted to $X per ton, reducing by -20.1% against the previous year. Over the period under review, the import price saw a slight downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 41% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Germany ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

This report provides an in-depth analysis of the market for spindles and spindle flyer in Latvia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28945130 - Spindles and spindle flyers, spinning ring and ring travellers

Country coverage:

Latvia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Latvia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023