Latvia: Market for Vacuum Cleaners Without Motor 2025

Market Size for Vacuum Cleaners Without Motor in Latvia

The Latvian vacuum cleaner without motor market fell significantly to $X in 2022, which is down by -31.7% against the previous year. Overall, consumption continues to indicate a abrupt shrinkage. Vacuum cleaner without motor consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Vacuum Cleaners Without Motor in Latvia

In value terms, vacuum cleaner without motor production declined to $X in 2022 estimated in export price. In general, production showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 when the production volume increased by 57% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Vacuum Cleaners Without Motor

Exports from Latvia

In 2022, after three years of growth, there was significant decline in shipments abroad of vacuum cleaners without motor, when their volume decreased by -24.1% to X units. In general, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2019 when exports increased by 290% against the previous year. Over the period under review, the exports attained the maximum at X units in 2021, and then contracted sharply in the following year.

In value terms, vacuum cleaner without motor exports fell sharply to $X in 2022. Over the period under review, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 339% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then reduced markedly in the following year.

Exports by Country

Lithuania (X units), Estonia (X units) and the Netherlands (X units) were the main destinations of vacuum cleaner without motor exports from Latvia, together comprising 75% of total exports. Italy, Malta, Slovenia, Denmark, Hungary, Slovakia and Belgium lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the biggest increases were recorded for Malta (with a CAGR of +84.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vacuum cleaner without motor exported from Latvia were Lithuania ($X), Estonia ($X) and the Netherlands ($X), with a combined 71% share of total exports.

The Netherlands, with a CAGR of +56.9%, saw the highest rates of growth with regard to the value of exports, in terms of 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

The average vacuum cleaner without motor export price stood at $X per unit in 2022, dropping by -23.3% against the previous year. In general, the export price, however, enjoyed a mild expansion. The growth pace was the most rapid in 2017 when the average export price increased by 33% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 Belgium ($X per unit), while the average price for exports to Malta ($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 Belgium (+33.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Vacuum Cleaners Without Motor

Imports into Latvia

In 2022, after two years of growth, there was significant decline in supplies from abroad of vacuum cleaners without motor, when their volume decreased by -34.9% to X units. Overall, imports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of 252%. As a result, imports attained the peak of X units, and then fell remarkably in the following year.

In value terms, vacuum cleaner without motor imports fell sharply to $X in 2022. In general, imports, however, saw a prominent increase. The growth pace was the most rapid in 2021 with an increase of 258%. As a result, imports attained the peak of $X, and then dropped significantly in the following year.

Imports by Country

Poland (X units), Lithuania (X units) and Denmark (X units) were the main suppliers of vacuum cleaner without motor imports to Latvia, together accounting for 82% of total imports. Germany, Austria, Sweden, Spain, the Czech Republic and the Netherlands lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +265.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constituted the largest supplier of vacuum cleaners without motor to Latvia, comprising 57% of total imports. The second position in the ranking was held by Lithuania ($X), with a 23% share of total imports. It was followed by Denmark, with a 5.7% share.

From 2012 to 2022, the average annual growth rate of value from Poland amounted to +49.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+38.6% per year) and Denmark (+40.5% per year).

Import Prices by Country

The average vacuum cleaner without motor import price stood at $X per unit in 2022, shrinking by -2.9% against the previous year. In general, the import price, however, recorded a strong increase. The most prominent rate of growth was recorded in 2019 an increase of 88%. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the average 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 Spain ($X per unit), while the price for Denmark ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform