Price for Razors and Razor Blades; (Including Razor Blade Blanks in Strips) in Latvia - 2024

Contents:

1. Price for Razors and Razor Blades; (Including Razor Blade Blanks in Strips) in Latvia (CIF) - 2024
2. Price for Razors and Razor Blades; (Including Razor Blade Blanks in Strips) in Latvia (FOB) - 2022
3. Imports of Razors and Razor Blades; (Including Razor Blade Blanks in Strips) in Latvia
4. Exports of Razors and Razor Blades; (Including Razor Blade Blanks in Strips) in Latvia

Price for Razors and Razor Blades; (Including Razor Blade Blanks in Strips) in Latvia (CIF) - 2024

In March 2024, the average import price for razors and razor blades; (including razor blade blanks in strips)s amounted to $558 per thousand units, with a decrease of -3% against the previous month. Overall, the import price recorded a abrupt decline. The most prominent rate of growth was recorded in October 2023 when the average import price increased by 105% m-o-m. Over the period under review, average import prices attained the peak figure at $2.2 per unit in May 2023; however, from June 2023 to March 2024, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Poland ($1.9 per unit), while the price for Germany ($261 per thousand units) was amongst the lowest.

From April 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Poland (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Razors and Razor Blades; (Including Razor Blade Blanks in Strips) in Latvia (FOB) - 2022

In 2022, the average export price for razors and razor blades; (including razor blade blanks in strips)s amounted to $1.3 per unit, waning by -25.2% against the previous year. Over the period under review, the export price, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2016 an increase of 88% against the previous year. Over the period under review, the average export prices reached the maximum at $5 per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat 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 Poland ($11 per unit), while the average price for exports to Estonia ($806 per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+80.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Razors and Razor Blades; (Including Razor Blade Blanks in Strips) in Latvia

For the fourth year in a row, Latvia recorded growth in overseas purchases of razors and razor blades; (including razor blade blanks in strips)s, which increased by 6.9% to 3.5M units in 2022. Over the period under review, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 58%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, imports of razors and razor blades; (including razor blade blanks in strips)s reduced slightly to $5.3M in 2022. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 11% against the previous year. As a result, imports reached the peak of $5.4M, and then reduced slightly in the following year.

Top Suppliers of Razors and Razor Blades; (Including Razor Blade Blanks in Strips) to Latvia in 2022:

1. Lithuania (2144.6K units)
2. Germany (476.4K units)
3. Poland (391.2K units)
4. Czech Republic (282.8K units)
5. China (22.4K units)

Exports of Razors and Razor Blades; (Including Razor Blade Blanks in Strips) in Latvia

In 2022, exports of razors and razor blades; (including razor blade blanks in strips)s from Latvia soared to 440K units, jumping by 45% on the previous year. In general, exports, however, recorded a abrupt setback. The exports peaked at 539K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of razors and razor blades; (including razor blade blanks in strips)s rose sharply to $550K in 2022. Overall, exports, however, saw a sharp curtailment. Over the period under review, the exports of attained the peak figure at $1.3M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Razors and Razor Blades; (Including Razor Blade Blanks in Strips) from Latvia in 2022:

1. Estonia (305.6K units)
2. Lithuania (106.4K units)
3. Moldova (14.5K units)
4. Poland (5.6K units)

Source: IndexBox Market Intelligence Platform