Latvia - Packing Cases, Boxes And Similar Packings - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Wooden Case and Box in Latvia - 2023
Contents:
- Price for Wooden Case and Box in Latvia (FOB) - 2023
- Price for Wooden Case and Box in Latvia (CIF) - 2023
- Exports of Wooden Case and Box in Latvia
- Imports of Wooden Case and Box in Latvia
Price for Wooden Case and Box in Latvia (FOB) - 2023
The average wooden case and box export price stood at $8.1 per unit in September 2023, which is down by -13.3% against the previous month. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in August 2023 an increase of 15% against the previous month. As a result, the export price reached the peak level of $9.3 per unit, and then fell in the following month.
There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was Denmark ($17.7 per unit), while the average price for exports to the Netherlands ($5.9 per unit) was amongst the lowest.
From October 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Wooden Case and Box in Latvia (CIF) - 2023
The average wooden case and box import price stood at $7.7 per unit in September 2023, reducing by -25.4% against the previous month. Over the period under review, the import price recorded a pronounced reduction. The pace of growth was the most pronounced in May 2023 an increase of 30% m-o-m. Over the period under review, average import prices hit record highs at $14.3 per unit in July 2023; however, from August 2023 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($19.4 per unit), while the price for Lithuania ($6.1 per unit) was amongst the lowest.
From October 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Wooden Case and Box in Latvia
In 2022, exports of packing cases, boxes and similar packings from Latvia amounted to 20M units, rising by 6.7% against the previous year's figure. The total export volume increased at an average annual rate of +5.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 12% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, wooden case and box exports skyrocketed to $222M in 2022. In general, exports showed significant growth. The growth pace was the most rapid in 2021 when exports increased by 81%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
Export of Wooden Case and Box in Latvia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 33.9 | 31.3 | 59.5 | 69.1 | 26.8% |
Sweden | 6.4 | 7.2 | 19.2 | 26.0 | 59.6% |
Netherlands | 8.8 | 7.5 | 11.4 | 16.3 | 22.8% |
Belgium | 7.9 | 7.7 | 10.7 | 15.0 | 23.8% |
France | 8.4 | 7.9 | 10.6 | 13.6 | 17.4% |
Lithuania | 6.2 | 5.4 | 10.1 | 12.9 | 27.7% |
Italy | 4.3 | 4.4 | 8.4 | 10.1 | 32.9% |
Estonia | 8.2 | 5.9 | 8.9 | 9.1 | 3.5% |
Denmark | 3.7 | 2.7 | 5.6 | 7.3 | 25.4% |
Finland | 1.6 | 1.7 | 4.9 | 6.7 | 61.2% |
United Kingdom | 2.9 | 2.8 | 7.1 | 5.2 | 21.5% |
Norway | 2.4 | 2.5 | 4.0 | 4.7 | 25.1% |
Spain | 1.8 | 1.5 | 3.6 | 4.2 | 32.6% |
Others | 11.6 | 14.5 | 22.4 | 21.5 | 22.8% |
Total | 108 | 103 | 186 | 222 | 27.1% |
Top Export Markets for Wooden Case and Box from Latvia in 2022:
- Germany (7.3M units)
- Netherlands (1.8M units)
- Sweden (1.6M units)
- France (1.5M units)
- Lithuania (1.4M units)
- Belgium (1.3M units)
- Estonia (1.1M units)
- Italy (0.6M units)
- Denmark (0.5M units)
- Finland (0.5M units)
- Norway (0.5M units)
- United Kingdom (0.4M units)
- Spain (0.4M units)
Imports of Wooden Case and Box in Latvia
In 2022, wooden case and box imports into Latvia rose notably to 2.4M units, picking up by 6.5% compared with the previous year. The total import volume increased at an average annual rate of +1.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 33%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, wooden case and box imports soared to $29M in 2022. In general, imports recorded a significant increase. The growth pace was the most rapid in 2021 when imports increased by 49%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
Import of Wooden Case and Box in Latvia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lithuania | 5.4 | 5.5 | 8.8 | 10.9 | 26.4% |
Estonia | 3.4 | 3.2 | 4.3 | 6.3 | 22.8% |
Poland | 2.4 | 1.6 | 1.7 | 3.1 | 8.9% |
Belarus | 0.3 | 1.1 | 2.0 | 1.8 | 81.7% |
Finland | 0.3 | 0.4 | 0.9 | 1.1 | 54.2% |
Russia | 0.3 | 0.6 | 0.9 | 1.0 | 49.4% |
Denmark | 0.6 | 0.5 | 0.7 | 0.8 | 10.1% |
Germany | 0.6 | 0.3 | 0.5 | 0.8 | 10.1% |
Ukraine | N/A | N/A | N/A | 0.5 | 0% |
Others | 0.8 | 1.1 | 1.3 | 2.4 | 44.2% |
Total | 14.2 | 14.2 | 21.1 | 28.7 | 26.4% |
Top Suppliers of Wooden Case and Box to Latvia in 2022:
- Lithuania (1016.8K units)
- Estonia (466.2K units)
- Poland (233.0K units)
- Belarus (175.3K units)
- Russia (90.4K units)
- Finland (70.8K units)
- Denmark (64.2K units)
- Germany (57.3K units)
- Ukraine (43.5K units)
This report provides an in-depth analysis of the market for wooden case and box 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 16241133 - Flat pallets and pallet collars of wood
- Prodcom 16241135 - Box pallets and load boards of wood (excluding flat pallets)
- Prodcom 16241200 - Casks, barrels, vats, tubs, and coopers products and parts thereof of wood (including staves)
- Prodcom 16241320 - Cases, boxes, crates, drums and similar packings of wood (excluding cable drums)
- Prodcom 16241350 - Cable-drums of wood
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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