Latvia: Carpet Market 2024

Carpet Market Size in Latvia

The Latvian carpet market amounted to $X in 2022, with an increase of X% against the previous year. In general, consumption, however, continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Carpet Production in Latvia

In value terms, carpet production expanded modestly to $X in 2022 estimated in export price. In general, production, however, recorded a abrupt decrease. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Carpet production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Carpet Exports

Exports from Latvia

After six years of growth, shipments abroad of carpets and other textile floor coverings decreased by X% to X square meters in 2022. Overall, exports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at X square meters in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, carpet exports expanded remarkably to $X in 2022. In general, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Lithuania (X square meters), Estonia (X square meters) and Russia (X square meters) were the main destinations of carpet exports from Latvia, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X), Estonia ($X) and Russia ($X) appeared to be the largest markets for carpet exported from Latvia worldwide, together accounting for X% of total exports. Belarus lagged somewhat behind, comprising a further X%.

Belarus, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of 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

The average carpet export price stood at $X per square meter in 2022, picking up by X% against the previous year. Over the period under review, the export price, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2020 an increase of X%. The export price peaked at $X per square meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per square meter), while the average price for exports to Lithuania ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (X%), while the prices for the other major destinations experienced a decline.

Carpet Imports

Imports into Latvia

In 2022, the amount of carpets and other textile floor coverings imported into Latvia amounted to X square meters, growing by X% on the year before. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. Imports peaked at X square meters in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, carpet imports reached $X in 2022. Overall, imports, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Belgium (X square meters), Poland (X square meters) and the Netherlands (X square meters) were the main suppliers of carpet imports to Latvia, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest carpet suppliers to Latvia were Belgium ($X), Poland ($X) and Germany ($X), together comprising X% of total imports.

Poland, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average carpet import price amounted to $X per square meter, dropping by X% against the previous year. Overall, the import price recorded a noticeable contraction. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per square meter in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per square meter), while the price for the Netherlands ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :