Latvia - Belts And Bandoliers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBelt and Bandolier Price in Latvia - 2023
Contents:
- Belt and Bandolier Price in Latvia (CIF) - 2022
- Belt and Bandolier Price in Latvia (FOB) - 2023
- Belt and Bandolier Imports in Latvia
- Belt and Bandolier Exports in Latvia
Belt and Bandolier Price in Latvia (CIF) - 2022
The average belt and bandolier import price stood at $11 per unit in 2022, shrinking by -26.7% against the previous year. Overall, the import price recorded a pronounced decline. The growth pace was the most rapid in 2020 an increase of 27%. Over the period under review, average import prices reached the maximum at $16 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($15 per unit), while the price for China ($2.8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Belt and Bandolier Price in Latvia (FOB) - 2023
The average belt and bandolier export price stood at $31.2 per unit in November 2023, increasing by 38% against the previous month. In general, the export price enjoyed perceptible growth. The growth pace was the most rapid in December 2022 when the average export price increased by 104% against the previous month. Over the period under review, the average export prices attained the peak figure at $72.5 per unit in July 2023; however, from August 2023 to November 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was Kazakhstan ($35.3 per unit), while the average price for exports to Kyrgyzstan ($7.7 per unit) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.
Belt and Bandolier Imports in Latvia
Belt and bandolier imports into Latvia skyrocketed to 313K units in 2022, with an increase of 51% on the year before. In general, imports enjoyed significant growth. The growth pace was the most rapid in 2021 when imports increased by 61% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, belt and bandolier imports rose significantly to $3.3M in 2022. Overall, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 73%. Imports peaked in 2022 and are likely to see steady growth in years to come.
Import of Belt and Bandolier in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 221 | 256 | 1,158 | 1,369 | 83.7% |
Spain | 46.9 | 72.3 | 56.2 | 539 | 125.7% |
Germany | 192 | 383 | 460 | 345 | 21.6% |
Netherlands | 44.7 | 79.6 | 232 | 265 | 81.0% |
Poland | 126 | 107 | 187 | 239 | 23.8% |
Ireland | 2.7 | 61.2 | 37.2 | 151 | 282.4% |
Lithuania | 112 | 96.1 | 450 | 120 | 2.3% |
Estonia | 122 | 94.4 | 152 | 70.5 | -16.7% |
Turkey | 53.3 | 47.2 | 42.4 | 58.4 | 3.1% |
United Kingdom | 39.8 | 567 | 30.0 | 4.3 | -52.4% |
Others | 168 | 188 | 215 | 176 | 1.6% |
Total | 1,129 | 1,952 | 3,020 | 3,338 | 43.5% |
Top Suppliers of Belt and Bandolier to Latvia in 2022:
- Italy (90.6K units)
- Spain (71.0K units)
- Poland (36.7K units)
- Germany (28.9K units)
- Ireland (20.9K units)
- Netherlands (20.7K units)
- Turkey (13.1K units)
- Lithuania (8.1K units)
- Estonia (5.8K units)
- United Kingdom (0.4K units)
Belt and Bandolier Exports in Latvia
In 2022, after three years of growth, there was significant decline in overseas shipments of belts and bandoliers, when their volume decreased by -15.7% to 62K units. Overall, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 175% against the previous year. Over the period under review, the exports hit record highs at 73K units in 2021, and then shrank significantly in the following year.
In value terms, belt and bandolier exports rose notably to $1.8M in 2022. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 308%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
Export of Belt and Bandolier in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 293 | 1,387 | 1,432 | 1,587 | 75.6% |
Estonia | 10.8 | 6.8 | 48.7 | 89.8 | 102.6% |
Lithuania | 33.3 | 23.0 | 46.0 | 38.2 | 4.7% |
Poland | 0.9 | 0.8 | 11.1 | 28.7 | 217.1% |
Azerbaijan | N/A | N/A | N/A | 5.5 | 0% |
Others | 15.3 | 23.4 | 50.3 | 47.2 | 45.6% |
Total | 353 | 1,441 | 1,588 | 1,796 | 72.0% |
Top Export Markets for Belt and Bandolier from Latvia in 2022:
- Russia (46.1K units)
- Estonia (6.9K units)
- Lithuania (3.7K units)
- Azerbaijan (1.9K units)
- Poland (1.7K units)
This report provides an in-depth analysis of the belt and bandolier market 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 14193180 - Belts and bandoliers, of leather or composition leather
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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