Latvia: Lamp Holder Market 2024

Lamp Holder Market Size in Latvia

In 2022, the Latvian lamp holder market increased by 0.4% to $X, rising for the second year in a row after three years of decline. Overall, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +39.9% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Lamp Holder Production in Latvia

In value terms, lamp holder production declined to $X in 2022 estimated in export price. In general, production saw a abrupt downturn. The most prominent rate of growth was recorded in 2016 when the production volume increased by 96%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Lamp Holder Exports

Exports from Latvia

For the fifth consecutive year, Latvia recorded growth in overseas shipments of lamp holders, plugs and sockets, which increased by 43% to X tons in 2022. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +86.7% against 2017 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, lamp holder exports skyrocketed to $X in 2022. In general, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +77.7% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Lithuania (X tons), Estonia (X tons) and Russia (X tons) were the main destinations of lamp holder exports from Latvia, with a combined 0.7% share of total exports. Germany, France, the Netherlands, South Korea, Denmark, Sweden and Norway lagged somewhat behind, together accounting for a further 0.3%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +89.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lamp holder exported from Latvia were France ($X), Lithuania ($X) and Estonia ($X), with a combined 59% share of total exports.

France, with a CAGR of +114.8%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average lamp holder export price amounted to $X per ton, increasing by 5.9% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 13%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.

Lamp Holder Imports

Imports into Latvia

For the sixth year in a row, Latvia recorded growth in overseas purchases of lamp holders, plugs and sockets, which increased by 6.7% to X tons in 2022. Over the period under review, imports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2013 when imports increased by 27% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, lamp holder imports skyrocketed to $X in 2022. Overall, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 50% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

Lithuania (X tons), China (X tons) and Hungary (X tons) were the main suppliers of lamp holder imports to Latvia, together comprising 0.6% of total imports. Poland, Germany, Sweden, the Netherlands, Turkey, Denmark, Taiwan (Chinese), Estonia, Finland and France lagged somewhat behind, together accounting for a further 0.4%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +91.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest lamp holder suppliers to Latvia were Lithuania ($X), China ($X) and Germany ($X), together comprising 50% of total imports. Hungary, France, Poland, Sweden, the Netherlands, Taiwan (Chinese), Denmark, Estonia, Finland and Turkey lagged somewhat behind, together comprising a further 40%.

Hungary, with a CAGR of +68.9%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average lamp holder import price stood at $X per ton in 2021, with an increase of 6.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.6%. The growth pace was the most rapid in 2013 when the average import price increased by 19%. Over the period under review, average import prices attained the maximum in 2021 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+24.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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