Latvia: Tooth Brush Market 2024

Tooth Brush Market Size in Latvia

The Latvian tooth brush market totaled $X in 2022, remaining stable against 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). Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +52.0% against 2016 indices. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Tooth Brush Exports

Exports from Latvia

In 2022, exports of tooth brushes from Latvia rose markedly to X units, with an increase of 8.2% on the previous year's figure. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 145%. Over the period under review, the exports reached the maximum at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, tooth brush exports fell remarkably to $X in 2022. In general, exports posted prominent growth. The most prominent rate of growth was recorded in 2016 when exports increased by 130% against the previous year. The exports peaked at $X in 2021, and then fell rapidly in the following year.

Exports by Country

Estonia (X units), Lithuania (X units) and Slovenia (X units) were the main destinations of tooth brush exports from Latvia, with a combined 74% share of total exports. Romania, Moldova, the UK, Spain, Poland and Finland lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +228.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X), Estonia ($X) and Slovenia ($X) appeared to be the largest markets for tooth brush exported from Latvia worldwide, with a combined 68% share of total exports. The UK, Romania, Moldova, Spain, Poland and Finland lagged somewhat behind, together comprising a further 22%.

Spain, with a CAGR of +210.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average tooth brush export price amounted to $X per unit, with a decrease of -22% against the previous year. Over the period under review, the export price showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 when the average export price increased by 37% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Estonia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+24.1%), while the prices for the other major destinations experienced more modest paces of growth.

Tooth Brush Imports

Imports into Latvia

In 2022, approx. X units of tooth brushes were imported into Latvia; surging by 6.7% on the previous year. Over the period under review, imports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2015 with an increase of 38% against the previous year. Imports peaked at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, tooth brush imports declined slightly to $X in 2022. Overall, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of 25%. Imports peaked at $X in 2021, and then dropped slightly in the following year.

Imports by Country

In 2022, Lithuania (X units) constituted the largest supplier of tooth brush to Latvia, accounting for a 33% share of total imports. Moreover, tooth brush imports from Lithuania exceeded the figures recorded by the second-largest supplier, Poland (X units), twofold. China (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Lithuania stood at +22.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-6.1% per year) and China (+10.0% per year).

In value terms, Lithuania ($X) constituted the largest supplier of tooth brushes to Latvia, comprising 37% of total imports. The second position in the ranking was taken by Poland ($X), with an 18% share of total imports. It was followed by Estonia, with an 18% share.

From 2012 to 2022, the average annual growth rate of value from Lithuania amounted to +34.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-3.7% per year) and Estonia (+37.9% per year).

Import Prices by Country

The average tooth brush import price stood at $X per unit in 2022, which is down by -7.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2021 an increase of 21% against the previous year. As a result, import price attained the peak level of $X per unit, and then contracted in the following year.

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 Estonia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform