Price for Garden or Similar Umbrellas in Latvia - 2023

Contents:

  1. Price for Garden or Similar Umbrellas in Latvia (FOB) - 2022
  2. Price for Garden or Similar Umbrellas in Latvia (CIF) - 2022
  3. Exports of Garden or Similar Umbrellas in Latvia
  4. Imports of Garden or Similar Umbrellas in Latvia

Price for Garden or Similar Umbrellas in Latvia (FOB) - 2022

The average garden or similar umbrellas export price stood at $95 per unit in 2022, growing by 114% against the previous year. In general, the export price saw notable growth. The export price peaked at $149 per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($529 per unit), while the average price for exports to Lithuania ($18 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 Romania (+20.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Garden or Similar Umbrellas in Latvia (CIF) - 2022

The average garden or similar umbrellas import price stood at $15 per unit in 2022, reducing by -26.8% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 34% against the previous year. Over the period under review, average import prices reached the maximum at $20 per unit in 2021, and then dropped sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($25 per unit), while the price for the Netherlands ($7.6 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Garden or Similar Umbrellas in Latvia

Garden or similar umbrellas exports from Latvia skyrocketed to 21K units in 2022, growing by 31% compared with the year before. Over the period under review, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +14.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.4% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, garden or similar umbrellas exports soared to $2M in 2022. In general, exports showed a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Garden or Similar Umbrellas in Latvia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany486N/AN/A5313.0%
Italy77.4N/AN/A21540.6%
Netherlands97.9N/A10.320527.9%
France7.0N/AN/A172190.7%
Lithuania11112614016614.4%
Austria45.5N/A7.115249.5%
United States3.6N/A37.2121222.7%
Estonia53.168.410911127.9%
Others396122405319-7.0%
Total1,2773177101,99216.0%

Top Export Markets for Garden or Similar Umbrellas from Latvia in 2022:

  1. Lithuania (9.2K units)
  2. Estonia (5.7K units)
  3. Germany (2.1K units)
  4. Italy (1.0K units)
  5. Netherlands (0.6K units)
  6. Austria (0.5K units)
  7. United States (0.4K units)
  8. France (0.3K units)

Imports of Garden or Similar Umbrellas in Latvia

Garden or similar umbrellas imports into Latvia soared to 53K units in 2022, jumping by 43% on the previous year. In general, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, garden or similar umbrellas imports expanded slightly to $784K in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +23.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 43%. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Garden or Similar Umbrellas in Latvia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China20531346944729.7%
Lithuania51.172.995.711731.8%
Poland54.252.399.962.34.8%
Czech Republic2.1N/AN/A25.7130.4%
Italy1.12.79.524.1179.8%
Germany2.812.91.123.7103.8%
Netherlands9.04.414.116.522.4%
Denmark12.911.00.45.2-26.1%
Others83.352.960.461.4-9.7%
Total42152375078423.0%

Top Suppliers of Garden or Similar Umbrellas to Latvia in 2022:

  1. China (33.0K units)
  2. Lithuania (9.3K units)
  3. Poland (2.7K units)
  4. Netherlands (2.2K units)
  5. Germany (1.5K units)
  6. Czech Republic (1.4K units)
  7. Italy (1.0K units)
  8. Denmark (0.7K units)
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