Latvia - Bumpers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBumper Price in Latvia - 2023
Contents:
- Bumper Price in Latvia (CIF) - 2022
- Bumper Price in Latvia (FOB) - 2022
- Bumper Imports in Latvia
- Bumper Exports in Latvia
Bumper Price in Latvia (CIF) - 2022
The average bumper import price stood at $19,510 per ton in 2022, falling by -19.6% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 67%. As a result, import price attained the peak level of $27,661 per ton. From 2017 to 2022, the average 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 Sweden ($62,767 per ton), while the price for the UK ($5,868 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Bumper Price in Latvia (FOB) - 2022
In 2022, the average bumper export price amounted to $14,716 per ton, jumping by 54% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $14,793 per ton 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 Poland ($25,523 per ton), while the average price for exports to Belarus ($410 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.
Bumper Imports in Latvia
Bumper imports into Latvia soared to 526 tons in 2022, rising by 55% against 2021. Over the period under review, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, bumper imports skyrocketed to $10M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +18.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.0% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Bumper in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | 2,970 | 3,437 | 3,336 | 2,534 | -5.2% |
Austria | 203 | 255 | 439 | 1,741 | 104.7% |
Germany | 556 | 696 | 1,129 | 1,107 | 25.8% |
Estonia | 548 | 821 | 847 | 1,105 | 26.3% |
Italy | 28.4 | 67.2 | 166 | 1,071 | 235.3% |
Lithuania | 306 | 301 | 334 | 409 | 10.2% |
Finland | 543 | 911 | 398 | 291 | -18.8% |
United Kingdom | 248 | 183 | 60.9 | 91.5 | -28.3% |
Others | 813 | 758 | 1,490 | 1,903 | 32.8% |
Total | 6,214 | 7,430 | 8,200 | 10,253 | 18.2% |
Top Suppliers of Bumper to Latvia in 2022:
- Austria (181.1 tons)
- Poland (97.5 tons)
- Italy (71.3 tons)
- Germany (44.2 tons)
- Lithuania (25.5 tons)
- Estonia (24.9 tons)
- United Kingdom (15.6 tons)
- Finland (5.2 tons)
Bumper Exports in Latvia
In 2022, shipments abroad of bumpers decreased by -31.9% to 187 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2020 with an increase of 5%.
In value terms, bumper exports rose modestly to $2.8M in 2022. The total export value increased at an average annual rate of +1.1% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 7.6% against the previous year. As a result, the exports attained the peak of $2.9M. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Bumper in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lithuania | 1,151 | 1,115 | 980 | 418 | -28.7% |
Estonia | 263 | 380 | 443 | 384 | 13.4% |
Kyrgyzstan | 0.1 | 0.2 | 0.1 | 240 | 1238.9% |
Finland | 17.8 | 63.8 | 98.3 | 132 | 95.0% |
Sweden | 71.7 | 73.1 | 126 | 116 | 17.4% |
Kazakhstan | 1.1 | 2.2 | 2.7 | 115 | 371.1% |
Poland | 294 | 211 | 169 | 100 | -30.2% |
Russia | 12.3 | 43.8 | 147 | 75.5 | 83.1% |
Belarus | 9.7 | 12.8 | 13.5 | 12.0 | 7.4% |
United Kingdom | 193 | 239 | 5.6 | 5.0 | -70.4% |
Others | 658 | 732 | 641 | 1,158 | 20.7% |
Total | 2,670 | 2,873 | 2,627 | 2,756 | 1.1% |
Top Export Markets for Bumper from Latvia in 2022:
- Lithuania (38.6 tons)
- Estonia (30.5 tons)
- Belarus (29.4 tons)
- Kazakhstan (21.2 tons)
- Sweden (11.5 tons)
- Kyrgyzstan (11.3 tons)
- Russia (9.1 tons)
- Finland (8.6 tons)
- Poland (3.9 tons)
- United Kingdom (0.4 tons)
This report provides an in-depth analysis of the bumper 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 29323010 - Bumpers and parts thereof (including plastic bumpers)
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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