Price for Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in Latvia - 2023

Contents:

1. Price for Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in Latvia (CIF) - 2022
2. Price for Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in Latvia (FOB) - 2022
3. Imports of Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in Latvia
4. Exports of Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in Latvia

Price for Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in Latvia (CIF) - 2022

In 2022, the average import price for laboratory, hygienic or pharmaceutical glassware, whether or not graduated or calibrateds amounted to $35,290 per ton, increasing by 19% against the previous year. Overall, the import price, however, recorded a mild slump. The pace of growth appeared the most rapid in 2020 an increase of 28% against the previous year. Over the period under review, average import prices hit record highs at $39,108 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($182,738 per ton), while the price for Spain ($8,948 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in Latvia (FOB) - 2022

In 2022, the average export price for laboratory, hygienic or pharmaceutical glassware, whether or not graduated or calibrateds amounted to $62,159 per ton, increasing by 55% against the previous year. In general, the export price recorded a prominent increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($161,623 per ton), while the average price for exports to Belarus ($8,643 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+31.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in Latvia

In 2022, after three years of growth, there was significant decline in purchases abroad of laboratory, hygienic or pharmaceutical glassware, whether or not graduated or calibrateds, when their volume decreased by -27.1% to 45 tons. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +5.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +18.1% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 41% against the previous year. As a result, imports reached the peak of 62 tons, and then contracted dramatically in the following year.

In value terms, imports of laboratory, hygienic or pharmaceutical glassware, whether or not graduated or calibrateds shrank to $1.6M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +17.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 47%.

Top Suppliers of Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated to Latvia in 2022:

1. Sweden (12.4 tons)
2. Denmark (8.3 tons)
3. Spain (7.1 tons)
4. Germany (5.0 tons)
5. Netherlands (4.5 tons)
6. China (2.4 tons)
7. France (1.3 tons)
8. Estonia (1.1 tons)
9. Poland (0.7 tons)
10. Lithuania (0.6 tons)
11. Austria (0.6 tons)
12. Italy (0.2 tons)

Exports of Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in Latvia

In 2022, after three years of growth, there was significant decline in shipments abroad of laboratory, hygienic or pharmaceutical glassware, whether or not graduated or calibrateds, when their volume decreased by -53% to 13 tons. Over the period under review, exports, however, showed a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by 88% against the previous year.

In value terms, exports of laboratory, hygienic or pharmaceutical glassware, whether or not graduated or calibrateds fell dramatically to $833K in 2022. Overall, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +12.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 70% against the previous year.

Top Export Markets for Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated from Latvia in 2022:

1. Russia (8.5 tons)
2. Lithuania (2.6 tons)
3. Hong Kong SAR (0.7 tons)
4. United Arab Emirates (0.4 tons)
5. Poland (0.4 tons)
6. Kazakhstan (0.4 tons)

Source: IndexBox Market Intelligence Platform