Latvia - Upholstered Seats With Wooden Frames - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Wooden Frame Upholstered Seat in Latvia - 2023
Contents:
- Price for Wooden Frame Upholstered Seat in Latvia (FOB) - 2023
- Price for Wooden Frame Upholstered Seat in Latvia (CIF) - 2023
- Exports of Wooden Frame Upholstered Seat in Latvia
- Imports of Wooden Frame Upholstered Seat in Latvia
Price for Wooden Frame Upholstered Seat in Latvia (FOB) - 2023
In November 2023, the average wooden frame upholstered seat export price amounted to $453 per unit, dropping by -2.9% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 75% against the previous month. Over the period under review, the average export prices attained the maximum at $629 per unit in March 2023; however, from April 2023 to November 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was Russia ($1,739 per unit), while the average price for exports to Lithuania ($152 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 Sweden (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Wooden Frame Upholstered Seat in Latvia (CIF) - 2023
In November 2023, the average wooden frame upholstered seat import price amounted to $226 per unit, picking up by 12% against the previous month. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2023 an increase of 25% against the previous month. The import price peaked at $236 per unit in June 2023; however, from July 2023 to November 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($1,365 per unit), while the price for Ukraine ($90.1 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 Spain (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Wooden Frame Upholstered Seat in Latvia
In 2022, after three years of growth, there was decline in overseas shipments of upholstered seats with wooden frames, when their volume decreased by -3.6% to 42K units. Overall, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 52% against the previous year. As a result, the exports reached the peak of 44K units, and then fell slightly in the following year.
In value terms, wooden frame upholstered seat exports skyrocketed to $19M in 2022. Over the period under review, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 99% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
Export of Wooden Frame Upholstered Seat in Latvia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Denmark | 0.1 | 0.2 | 5.6 | 8.6 | 341.4% |
Russia | 1.2 | 3.0 | 3.3 | 4.6 | 56.5% |
Estonia | 1.3 | 1.5 | 1.6 | 1.4 | 2.5% |
United Kingdom | N/A | 0.1 | 2.1 | 1.4 | 274.2% |
Lithuania | 0.8 | 0.8 | 0.6 | 0.7 | -4.4% |
Finland | 0.1 | 0.4 | 0.3 | 0.5 | 71.0% |
Sweden | 0.7 | 0.6 | 0.7 | 0.4 | -17.0% |
Belarus | 0.4 | 0.3 | 0.8 | 0.1 | -37.0% |
Others | 0.6 | 1.2 | 1.1 | 1.3 | 29.4% |
Total | 5.1 | 8.0 | 16.0 | 19.1 | 55.3% |
Top Export Markets for Wooden Frame Upholstered Seat from Latvia in 2022:
- Denmark (12.6K units)
- Estonia (7.4K units)
- United Kingdom (5.9K units)
- Finland (4.0K units)
- Russia (3.7K units)
- Lithuania (3.6K units)
- Sweden (1.7K units)
- Belarus (0.5K units)
Imports of Wooden Frame Upholstered Seat in Latvia
In 2022, supplies from abroad of upholstered seats with wooden frames decreased by -4% to 73K units, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +3.8% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 24% against the previous year. As a result, imports attained the peak of 81K units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, wooden frame upholstered seat imports rose slightly to $14M in 2022. The total import value increased at an average annual rate of +7.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 when imports increased by 14%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
Import of Wooden Frame Upholstered Seat in Latvia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | 4.2 | 3.7 | 4.6 | 4.6 | 3.1% |
China | 3.1 | 2.1 | 2.3 | 2.0 | -13.6% |
Italy | 1.0 | 2.1 | 1.9 | 1.9 | 23.9% |
Lithuania | 0.7 | 0.4 | 0.7 | 1.9 | 39.5% |
Denmark | 0.3 | 0.4 | 0.5 | 0.7 | 32.6% |
Spain | 0.4 | 0.5 | 0.5 | 0.6 | 14.5% |
Romania | 0.2 | 0.2 | 0.2 | 0.4 | 26.0% |
Estonia | 0.4 | 0.4 | 0.9 | 0.3 | -9.1% |
Ukraine | 0.2 | 0.2 | 0.1 | 0.2 | 0.0% |
Malaysia | 0.3 | 0.3 | N/A | 0.1 | -30.7% |
Russia | 0.1 | 0.3 | 0.4 | 0.1 | 0.0% |
Others | 0.7 | 1.3 | 1.4 | 1.2 | 19.7% |
Total | 11.5 | 12.0 | 13.6 | 14.1 | 7.0% |
Top Suppliers of Wooden Frame Upholstered Seat to Latvia in 2022:
- Poland (42.7K units)
- China (10.2K units)
- Lithuania (7.4K units)
- Romania (3.3K units)
- Ukraine (2.1K units)
- Spain (1.9K units)
- Italy (1.7K units)
- Denmark (1.7K units)
- Estonia (0.9K units)
- Malaysia (0.8K units)
- Russia (0.8K units)
This report provides an in-depth analysis of the market for wooden 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 31001250 - Upholstered seats with wooden frames (including three piece suites) (excluding swivel seats)
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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