Price for Statuettes and Other Ornamental Ceramic Articles in Latvia - 2023

Contents:

1. Price for Statuettes and Other Ornamental Ceramic Articles in Latvia (CIF) - 2022
2. Price for Statuettes and Other Ornamental Ceramic Articles in Latvia (FOB) - 2022
3. Imports of Statuettes and Other Ornamental Ceramic Articles in Latvia
4. Exports of Statuettes and Other Ornamental Ceramic Articles in Latvia

Price for Statuettes and Other Ornamental Ceramic Articles in Latvia (CIF) - 2022

In 2022, the average import price for statuettes and other ornamental ceramic articleses amounted to $4,238 per ton, growing by 5.1% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 22%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

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 the Netherlands ($5,965 per ton), while the price for Vietnam ($2,523 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Statuettes and Other Ornamental Ceramic Articles in Latvia (FOB) - 2022

The average export price for statuettes and other ornamental ceramic articleses stood at $6,334 per ton in 2022, increasing by 20% against the previous year. In general, the export price, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2014 an increase of 43%. As a result, the export price attained the peak level of $11,918 per ton. From 2015 to 2022, the average export prices failed to regain momentum.

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 Russia ($7,880 per ton), while the average price for exports to Belarus ($2,386 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 Lithuania (+0.7%), while the prices for the other major destinations experienced a decline.

Imports of Statuettes and Other Ornamental Ceramic Articles in Latvia

In 2022, after three years of growth, there was significant decline in overseas purchases of statuettes and other ornamental ceramic articleses, when their volume decreased by -17.2% to 419 tons. The total import volume increased at an average annual rate of +6.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 28% against the previous year. As a result, imports attained the peak of 506 tons, and then contracted sharply in the following year.

In value terms, imports of statuettes and other ornamental ceramic articleses shrank to $1.8M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +11.0% 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 +36.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 41% against the previous year. As a result, imports reached the peak of $2M, and then dropped in the following year.

Top Suppliers of Statuettes and Other Ornamental Ceramic Articles to Latvia in 2022:

1. Poland (141.6 tons)
2. Germany (94.2 tons)
3. Lithuania (68.0 tons)
4. Vietnam (29.1 tons)
5. China (25.5 tons)
6. Netherlands (15.2 tons)
7. Russia (10.0 tons)
8. Portugal (9.4 tons)

Exports of Statuettes and Other Ornamental Ceramic Articles in Latvia

In 2022, overseas shipments of statuettes and other ornamental ceramic articleses decreased by -32.5% to 87 tons, falling for the second consecutive year after two years of growth. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 258% against the previous year. As a result, the exports attained the peak of 148 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of statuettes and other ornamental ceramic articleses fell rapidly to $549K in 2022. In general, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2020 when exports increased by 246%. As a result, the exports reached the peak of $861K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Statuettes and Other Ornamental Ceramic Articles from Latvia in 2022:

1. Lithuania (35.8 tons)
2. Estonia (22.2 tons)
3. Russia (20.2 tons)
4. Belarus (5.3 tons)

Source: IndexBox Market Intelligence Platform