Latvia - Brooms And Brushes Of Twigs - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTwig Broom Price in Latvia - 2023
Contents:
- Twig Broom Price in Latvia (CIF) - 2022
- Twig Broom Price in Latvia (FOB) - 2022
- Twig Broom Imports in Latvia
- Twig Broom Exports in Latvia
Twig Broom Price in Latvia (CIF) - 2022
The average twig broom import price stood at $1.5 per unit in 2022, with an increase of 8.4% against the previous year. In general, the import price, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2015 when the average import price increased by 64%. As a result, import price reached the peak level of $2.6 per unit. From 2016 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($2.9 per unit), while the price for Russia ($1.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Twig Broom Price in Latvia (FOB) - 2022
In 2022, the average twig broom export price amounted to $2.4 per unit, rising by 7.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The pace of growth appeared the most rapid in 2018 when the average export price increased by 25% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($4.3 per unit), while the average price for exports to Estonia ($1.5 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 Japan (+63.4%), while the prices for the other major destinations experienced more modest paces of growth.
Twig Broom Imports in Latvia
In 2022, the amount of brooms and brushes of twigs imported into Latvia soared to 283K units, increasing by 76% compared with 2021. Over the period under review, imports enjoyed a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, twig broom imports surged to $437K in 2022. In general, imports enjoyed a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Twig Broom in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | 41.2 | 19.4 | 70.2 | 237 | 79.2% |
| Russia | 67.1 | 54.8 | 53.0 | 77.0 | 4.7% |
| Lithuania | 81.3 | 73.2 | 53.5 | 64.3 | -7.5% |
| Estonia | 32.0 | 33.9 | 37.6 | 35.9 | 3.9% |
| Poland | 32.8 | 7.6 | 4.4 | 13.6 | -25.4% |
| Others | 65.4 | 9.3 | 10.7 | 9.7 | -47.1% |
| Total | 320 | 198 | 229 | 437 | 10.9% |
Top Suppliers of Twig Broom to Latvia in 2022:
- Ukraine (169.5K units)
- Russia (66.2K units)
- Lithuania (21.9K units)
- Estonia (14.9K units)
- Poland (6.0K units)
Twig Broom Exports in Latvia
In 2022, approx. 147K units of brooms and brushes of twigs were exported from Latvia; rising by 91% compared with the year before. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 505% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, twig broom exports soared to $353K in 2022. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 496%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Export of Twig Broom in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 5.0 | 17.3 | 140 | 193 | 238.0% |
| United States | 2.8 | N/A | N/A | 31.4 | 123.8% |
| Finland | N/A | N/A | 0.2 | 31.1 | 15450.0% |
| Japan | N/A | 0.1 | N/A | 30.4 | 1643.6% |
| Germany | 8.6 | 0.1 | 2.6 | 17.7 | 27.2% |
| United Kingdom | 0.8 | 2.1 | 13.3 | 13.0 | 153.3% |
| Switzerland | 6.3 | 1.0 | 4.6 | 12.7 | 26.3% |
| Estonia | 6.5 | 3.4 | 5.7 | 11.1 | 19.5% |
| Poland | N/A | N/A | 0.1 | 7.8 | 7700.0% |
| Others | 0.1 | 4.7 | 5.0 | 5.3 | 275.6% |
| Total | 30.1 | 28.8 | 171 | 353 | 127.2% |
Top Export Markets for Twig Broom from Latvia in 2022:
- Lithuania (84.7K units)
- Finland (13.3K units)
- Japan (11.4K units)
- United States (10.6K units)
- Germany (7.9K units)
- Estonia (7.2K units)
- Poland (3.2K units)
- United Kingdom (3.0K units)
- Switzerland (3.0K units)
This report provides an in-depth analysis of the twig broom 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 32911110 - Brooms and brushes of twigs or other vegetable materials, b ound together
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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