Illuminated Sign Price in Latvia - 2022
Contents:
- Illuminated Sign Price in Latvia (FOB) - 2022
- Illuminated Sign Price in Latvia (CIF) - 2022
- Illuminated Sign Exports in Latvia
- Illuminated Sign Imports in Latvia
Illuminated Sign Price in Latvia (FOB) - 2022
In December 2021, the average illuminated sign export price amounted to $16,953 per ton, declining by -14.2% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2021 an increase of 41% against the previous month. Over the period under review, the average export prices hit record highs at $20,810 per ton in February 2021; however, from March 2021 to December 2021, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Finland ($33,550 per ton), while the average price for exports to Belgium ($9,432 per ton) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.
Illuminated Sign Price in Latvia (CIF) - 2022
The average illuminated sign import price stood at $18,246 per ton in December 2021, shrinking by -55% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in June 2021 when the average import price increased by 184% against the previous month. As a result, import price reached the peak level of $59,452 per ton. From July 2021 to December 2021, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was China ($109K per ton), while the price for Poland ($5,664 per ton) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Illuminated Sign Exports in Latvia
In 2022, the amount of illuminated signs and illuminated name-plates exported from Latvia declined to 233 tons, waning by -12.1% compared with the previous year's figure. The total export volume increased at an average annual rate of +1.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 43%. As a result, the exports attained the peak of 265 tons, and then contracted in the following year.
In value terms, illuminated sign exports fell to $4.3M in 2022. Over the period under review, exports showed a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of 18% against the previous year.
| Export of Illuminated Sign in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 292 | 502 | 1,218 | 876 | 44.2% |
| Norway | 621 | 711 | 1,013 | 728 | 5.4% |
| United Kingdom | 1,914 | 390 | 105 | 569 | -33.3% |
| Netherlands | 10.7 | 229 | 509 | 366 | 224.6% |
| Germany | 762 | 292 | 134 | 281 | -28.3% |
| Denmark | 162 | 203 | 343 | 246 | 14.9% |
| Belgium | 138 | 215 | 229 | 164 | 5.9% |
| Estonia | 411 | 197 | 78.0 | 162 | -26.7% |
| Finland | 322 | 161 | 198 | 161 | -20.6% |
| Lithuania | 220 | 243 | 124 | 139 | -14.2% |
| Georgia | 0.9 | 19.1 | 144 | 103 | 385.5% |
| Kazakhstan | 160 | 145 | 30.0 | 79.1 | -20.9% |
| Others | 903 | 610 | 512 | 401 | -23.7% |
| Total | 5,917 | 3,918 | 4,636 | 4,277 | -10.3% |
Top Export Markets for Illuminated Sign from Latvia in 2022:
- Sweden (69.2 tons)
- Netherlands (33.1 tons)
- United Kingdom (25.8 tons)
- Norway (24.7 tons)
- Denmark (15.8 tons)
- Belgium (11.5 tons)
- Finland (9.8 tons)
- Estonia (9.1 tons)
- Lithuania (7.0 tons)
- Germany (6.4 tons)
- Georgia (6.2 tons)
- Kazakhstan (4.1 tons)
Illuminated Sign Imports in Latvia
Illuminated sign imports into Latvia declined to 67 tons in 2022, which is down by -6.2% against the previous year. Overall, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year.
In value terms, illuminated sign imports dropped to $1.8M in 2022. In general, imports recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 8.6% against the previous year.
| Import of Illuminated Sign in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 316 | 404 | 512 | 403 | 8.4% |
| Poland | 268 | 88.3 | 455 | 359 | 10.2% |
| Germany | 89.5 | 336 | 295 | 233 | 37.6% |
| United Kingdom | 307 | 245 | 1.7 | 143 | -22.5% |
| Sweden | 87.7 | 120 | 127 | 99.8 | 4.4% |
| Lithuania | 66.2 | 54.8 | 116 | 91.4 | 11.4% |
| Czech Republic | 287 | 3.8 | 32.2 | 83.6 | -33.7% |
| China | 154 | 32.5 | 34.6 | 57.1 | -28.2% |
| Denmark | 44.8 | 120 | 51.6 | 56.1 | 7.8% |
| Netherlands | 76.0 | 110 | 1.5 | 48.6 | -13.8% |
| France | 79.3 | 16.5 | 7.0 | 26.6 | -30.5% |
| Turkey | 9.6 | 36.8 | 12.2 | 15.2 | 16.6% |
| Belarus | 24.8 | 19.9 | 7.8 | 13.6 | -18.1% |
| Others | 104 | 119 | 200 | 151 | 13.2% |
| Total | 1,914 | 1,708 | 1,854 | 1,781 | -2.4% |
Top Suppliers of Illuminated Sign to Latvia in 2022:
- Poland (15.9 tons)
- Estonia (12.5 tons)
- Germany (10.8 tons)
- China (5.4 tons)
- Lithuania (4.8 tons)
- Czech Republic (3.1 tons)
- Sweden (2.4 tons)
- Denmark (2.1 tons)
- United Kingdom (2.0 tons)
- Belarus (1.2 tons)
- Netherlands (1.1 tons)
- France (1.0 tons)
- Turkey (0.8 tons)
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