Report Update: May 1, 2024

Latvia - Portable Electric Lamps - Market Analysis, Forecast, Size, Trends And Insights

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Portable Electric Lamp Price in Latvia - 2023

Portable Electric Lamp Price in Latvia (CIF) - 2023

In September 2023, the average portable electric lamp import price amounted to $7.8 per unit, rising by 43% against the previous month. Overall, the import price continues to indicate a slight increase. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 118% m-o-m. The import price peaked at $13.1 per unit in December 2022; however, from January 2023 to September 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was China ($8.0 per unit), while the price for the Netherlands ($1.2 per unit) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Portable Electric Lamp Price in Latvia (FOB) - 2022

The average portable electric lamp export price stood at $10 per unit in 2022, which is down by -4.4% against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, portable electric lamp export price increased by +44.3% against 2016 indices. The most prominent rate of growth was recorded in 2013 an increase of 28%. Over the period under review, the average export prices reached the maximum at $11 per unit in 2021, and then contracted slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($21 per unit), while the average price for exports to Russia ($5.4 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 Germany (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Portable Electric Lamp Imports in Latvia

Portable electric lamp imports into Latvia rose markedly to 405K units in 2022, surging by 7.2% on the year before. The total import volume increased at an average annual rate of +8.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 with an increase of 12% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, portable electric lamp imports surged to $2.7M in 2022. The total import value increased at an average annual rate of +11.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Portable Electric Lamp in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	320	432	434	526	18.0%
Lithuania	188	356	339	484	37.1%
Poland	208	247	407	405	24.9%
Belarus	6.0	9.2	61.1	304	270.0%
China	467	333	308	249	-18.9%
Netherlands	28.3	37.7	45.0	129	65.8%
Czech Republic	107	123	118	104	-0.9%
Austria	94.2	37.0	61.2	103	3.0%
Estonia	64.1	153	98.4	95.4	14.2%
Sweden	36.9	41.0	54.2	50.9	11.3%
Others	473	191	279	299	-14.2%
Total	1,994	1,959	2,204	2,749	11.3%

Top Suppliers of Portable Electric Lamp to Latvia in 2022:

Lithuania (87.1K units)
China (80.1K units)
Poland (72.3K units)
Germany (61.6K units)
Netherlands (19.2K units)
Czech Republic (16.3K units)
Austria (12.6K units)
Estonia (9.5K units)
Sweden (7.9K units)
Belarus (6.6K units)

Portable Electric Lamp Exports in Latvia

For the fourth consecutive year, Latvia recorded growth in shipments abroad of portable electric lamps, which increased by 48% to 122K units in 2022. Overall, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, portable electric lamp exports surged to $1.3M in 2022. In general, exports posted a significant increase. The growth pace was the most rapid in 2021 when exports increased by 53% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Export of Portable Electric Lamp in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Lithuania	228	263	370	422	22.8%
Estonia	176	216	269	378	29.0%
Germany	15.8	55.5	109	113	92.7%
Poland	0.7	1.7	7.9	67.1	357.7%
Ukraine	0.1	0.5	0.8	27.4	549.5%
Russia	2.2	15.6	40.2	23.5	120.2%
Austria	43.4	0.2	12.2	18.3	-25.0%
Others	15.7	25.8	75.1	203	134.7%
Total	482	578	885	1,252	37.5%

Top Export Markets for Portable Electric Lamp from Latvia in 2022:

Lithuania (63.8K units)
Estonia (35.1K units)
Germany (5.4K units)
Russia (4.3K units)
Poland (3.6K units)
Ukraine (2.1K units)
Austria (0.4K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the portable electric lamp market 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 27402100 - Portable electric lamps worked by dry batteries, accumulators or magnetos (excluding for cycles or motor vehicles)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023