Latvia - Electric Hair Dryers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingElectric Hair Dryer Price in Latvia - 2023
Contents:
- Electric Hair Dryer Price in Latvia (CIF) - 2023
- Electric Hair Dryer Price in Latvia (FOB) - 2022
- Electric Hair Dryer Imports in Latvia
- Electric Hair Dryer Exports in Latvia
Electric Hair Dryer Price in Latvia (CIF) - 2023
The average electric hair dryer import price stood at $31.7 per unit in October 2023, falling by -16.9% against the previous month. In general, the import price, however, saw a perceptible increase. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 110% month-to-month. The import price peaked at $61.1 per unit in December 2022; however, from January 2023 to October 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Estonia ($99.0 per unit), while the price for China ($5.1 per unit) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Lithuania (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Electric Hair Dryer Price in Latvia (FOB) - 2022
In 2022, the average electric hair dryer export price amounted to $32 per unit, picking up by 12% against the previous year. Overall, the export price recorded buoyant growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 106% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($204 per unit), while the average price for exports to Moldova ($16 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 Russia (+26.0%), while the prices for the other major destinations experienced more modest paces of growth.
Electric Hair Dryer Imports in Latvia
In 2022, supplies from abroad of electric hair dryers decreased by -4.6% to 79K units, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +1.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 26% against the previous year. As a result, imports attained the peak of 94K units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, electric hair dryer imports rose rapidly to $2.1M in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +27.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +107.6% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 97% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Electric Hair Dryer in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 226 | 251 | 343 | 717 | 46.9% |
| Estonia | 163 | 259 | 418 | 631 | 57.0% |
| Germany | 200 | 201 | 245 | 321 | 17.1% |
| Hungary | 173 | 183 | 173 | 159 | -2.8% |
| Poland | 96.8 | 98.8 | 111 | 72.0 | -9.4% |
| China | 19.2 | 77.4 | 105 | 42.6 | 30.4% |
| Czech Republic | 8.0 | 17.7 | 25.4 | 26.9 | 49.8% |
| United Arab Emirates | N/A | 166 | 100 | N/A | -39.8% |
| Others | 135 | 753 | 361 | 148 | 3.1% |
| Total | 1,021 | 2,006 | 1,882 | 2,119 | 27.6% |
Top Suppliers of Electric Hair Dryer to Latvia in 2022:
- Lithuania (20.0K units)
- Germany (19.0K units)
- Hungary (12.9K units)
- Poland (8.5K units)
- Estonia (8.1K units)
- China (3.2K units)
- Czech Republic (1.9K units)
Electric Hair Dryer Exports in Latvia
In 2022, after three years of growth, there was significant decline in overseas shipments of electric hair dryers, when their volume decreased by -43.5% to 16K units. Over the period under review, exports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2020 when exports increased by 134%. Over the period under review, the exports attained the maximum at 28K units in 2021, and then dropped sharply in the following year.
In value terms, electric hair dryer exports reduced markedly to $509K in 2022. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 381%. Over the period under review, the exports attained the peak figure at $806K in 2021, and then dropped markedly in the following year.
| Export of Electric Hair Dryer in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 0.2 | 234 | 123 | 228 | 944.6% |
| Estonia | 49.7 | 82.3 | 121 | 107 | 29.1% |
| Lithuania | 98.3 | 106 | 135 | 99.6 | 0.4% |
| Finland | 1.8 | 0.5 | 1.2 | 40.8 | 183.0% |
| Moldova | 4.7 | 10.2 | 10.1 | 12.1 | 37.1% |
| Poland | 4.2 | 16.1 | 40.1 | 11.0 | 37.8% |
| Austria | 2.8 | 11.1 | 21.0 | 0.8 | -34.1% |
| Others | 1.9 | 326 | 355 | 9.9 | 73.4% |
| Total | 164 | 787 | 806 | 509 | 45.9% |
Top Export Markets for Electric Hair Dryer from Latvia in 2022:
- Estonia (6.3K units)
- Lithuania (6.1K units)
- Russia (1.1K units)
- Finland (0.9K units)
- Moldova (0.8K units)
- Poland (0.5K units)
- Austria (0.1K units)
This report provides an in-depth analysis of the electric hair dryer 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 27512310 - Electric hair dryers
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
-
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
-
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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