Latvia - Upholstered Seats With Metal Frames - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Metal Frame Upholstered Seat in Latvia - 2023
Contents:
- Price for Metal Frame Upholstered Seat in Latvia (FOB) - 2023
- Price for Metal Frame Upholstered Seat in Latvia (CIF) - 2023
- Exports of Metal Frame Upholstered Seat in Latvia
- Imports of Metal Frame Upholstered Seat in Latvia
Price for Metal Frame Upholstered Seat in Latvia (FOB) - 2023
In November 2023, the average metal frame upholstered seat export price amounted to $186 per unit, waning by -7.6% against the previous month. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in September 2023 an increase of 39% month-to-month. As a result, the export price reached the peak level of $234 per unit. From October 2023 to November 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Russia ($865 per unit), while the average price for exports to Lithuania ($45.7 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 Germany (+32.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Metal Frame Upholstered Seat in Latvia (CIF) - 2023
The average metal frame upholstered seat import price stood at $79.9 per unit in November 2023, reducing by -14.5% against the previous month. In general, the import price continues to indicate a pronounced decline. The pace of growth appeared the most rapid in June 2023 when the average import price increased by 49% m-o-m. As a result, import price attained the peak level of $110 per unit. From July 2023 to November 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($565 per unit), while the price for Ukraine ($37.9 per unit) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Italy (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Metal Frame Upholstered Seat in Latvia
In 2022, after three years of growth, there was significant decline in shipments abroad of upholstered seats with metal frames, when their volume decreased by -10.6% to 72K units. In general, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 135% against the previous year. Over the period under review, the exports reached the maximum at 81K units in 2021, and then dropped in the following year.
In value terms, metal frame upholstered seat exports skyrocketed to $11M in 2022. Overall, exports, however, saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 66% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the near future.
Export of Metal Frame Upholstered Seat in Latvia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 0.5 | 0.3 | 0.6 | 3.4 | 89.5% |
Russia | 1.1 | 3.2 | 3.8 | 3.3 | 44.2% |
Lithuania | 0.8 | 1.1 | 1.2 | 1.2 | 14.5% |
Estonia | 0.8 | 0.8 | 0.9 | 1.0 | 7.7% |
Belarus | 0.3 | 0.5 | 1.0 | 0.7 | 32.6% |
Norway | 0.4 | 0.3 | 0.3 | 0.4 | 0.0% |
Kazakhstan | N/A | N/A | N/A | 0.1 | 0% |
Others | 0.1 | 0.6 | 0.6 | 1.4 | 141.0% |
Total | 4.0 | 6.7 | 8.5 | 11.4 | 41.8% |
Top Export Markets for Metal Frame Upholstered Seat from Latvia in 2022:
- Lithuania (20.3K units)
- Estonia (16.6K units)
- Belarus (11.8K units)
- United States (10.4K units)
- Russia (6.5K units)
- Norway (3.4K units)
- Kazakhstan (1.3K units)
Imports of Metal Frame Upholstered Seat in Latvia
In 2022, overseas purchases of upholstered seats with metal frames decreased by -10.1% to 131K units, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +7.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 49%. As a result, imports attained the peak of 156K units. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, metal frame upholstered seat imports skyrocketed to $10M in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +25.6% 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 +98.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 46% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
Import of Metal Frame Upholstered Seat in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 2,139 | 2,999 | 3,831 | 3,452 | 17.3% |
Lithuania | 531 | 200 | 269 | 1,742 | 48.6% |
Italy | 285 | 1,129 | 957 | 1,169 | 60.1% |
Poland | 347 | 533 | 1,094 | 1,019 | 43.2% |
Ukraine | 546 | 472 | 401 | 494 | -3.3% |
Denmark | 145 | 410 | 349 | 417 | 42.2% |
Vietnam | 301 | 336 | 552 | 353 | 5.5% |
Estonia | 160 | 218 | 316 | 249 | 15.9% |
Romania | N/A | N/A | 16.3 | 102 | 525.8% |
Others | 726 | 1,270 | 1,110 | 1,274 | 20.6% |
Total | 5,180 | 7,566 | 8,895 | 10,270 | 25.6% |
Top Suppliers of Metal Frame Upholstered Seat to Latvia in 2022:
- China (54.4K units)
- Poland (18.4K units)
- Lithuania (17.6K units)
- Ukraine (12.5K units)
- Vietnam (5.3K units)
- Italy (3.9K units)
- Denmark (3.6K units)
- Estonia (2.5K units)
- Romania (2.0K units)
This report provides an in-depth analysis of the market for metal frame upholstered seat 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 31001170 - Upholstered seats with metal frames (excluding swivel seats, m edical, surgical, dental or veterinary seats, barbers
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
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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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