Latvia: Swivel Seat Market 2024

Swivel Seat Market Size in Latvia

The Latvian swivel seat market reduced to $X in 2022, with a decrease of -10.8% against the previous year. In general, consumption, however, saw prominent growth. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Swivel Seat Production in Latvia

In value terms, swivel seat production shrank remarkably to $X in 2022 estimated in export price. Overall, production, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of 131%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Swivel Seat Exports

Exports from Latvia

In 2022, the amount of swivel seats with variable height adjustments exported from Latvia soared to X units, rising by 20% on 2021. Overall, exports recorded strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 110%. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, swivel seat exports expanded remarkably to $X in 2022. In general, exports recorded a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of 121% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Estonia (X units), Lithuania (X units) and Belarus (X units) were the main destinations of swivel seat exports from Latvia, together accounting for 95% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belarus (with a CAGR of +61.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for swivel seat exported from Latvia were Estonia ($X), Lithuania ($X) and Belarus ($X), together comprising 96% of total exports.

Among the main countries of destination, Belarus, with a CAGR of +52.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average swivel seat export price stood at $X per unit in 2022, waning by -4.5% against the previous year. Over the period under review, the export price recorded a pronounced downturn. The pace of growth appeared the most rapid in 2016 an increase of 144% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Lithuania ($X per unit) and Estonia ($X per unit), while the average price for exports to Georgia ($X per unit) and Belarus ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (-1.5%), while the prices for the other major destinations experienced a decline.

Swivel Seat Imports

Imports into Latvia

In 2022, after three years of growth, there was decline in purchases abroad of swivel seats with variable height adjustments, when their volume decreased by -0.3% to X units. Over the period under review, imports, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of 67% against the previous year. Over the period under review, imports reached the peak figure at X units in 2021, and then reduced modestly in the following year.

In value terms, swivel seat imports rose to $X in 2022. In general, imports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2020 when imports increased by 56%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), Poland (X units) and Ukraine (X units) were the main suppliers of swivel seat imports to Latvia, together accounting for 72% of total imports. Sweden, Estonia, Lithuania, Germany, Denmark and the Netherlands lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +104.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest swivel seat suppliers to Latvia were China ($X), Poland ($X) and Ukraine ($X), with a combined 72% share of total imports. Sweden, Estonia, Lithuania, Germany, Denmark and the Netherlands lagged somewhat behind, together accounting for a further 22%.

Among the main suppliers, the Netherlands, with a CAGR of +108.4%, saw the highest rates of growth with regard to 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 swivel seat import price amounted to $X per unit, increasing by 3.5% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 33% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Lithuania ($X per unit) and Estonia ($X per unit), while the price for the Netherlands ($X per unit) and Denmark ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform