In 2024, the Latvian toughened safety vehicle glass market decreased by X% to $X for the first time since 2020, thus ending a three-year rising trend. Overall, consumption recorded a noticeable downturn. As a result, consumption reached the peak level of $X. From 2014 to 2024, the growth of the market remained at a lower figure.
Production of Toughened Safety Glass For Motor Vehicles, Aircraft And Other Vehicles in Latvia
In value terms, toughened safety vehicle glass production shrank modestly to $X in 2024 estimated in export price. Over the period under review, production recorded a perceptible setback. The most prominent rate of growth was recorded in 2023 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2024, production remained at a lower figure.
Exports of Toughened Safety Glass For Motor Vehicles, Aircraft And Other VehiclesExports from Latvia
In 2024, toughened safety vehicle glass exports from Latvia reduced markedly to X square meters, waning by X% on the year before. Over the period under review, exports, however, showed a moderate expansion. The growth pace was the most rapid in 2013 when exports increased by X%. The exports peaked at X square meters in 2020; however, from 2021 to 2024, the exports stood at a somewhat lower figure.
In value terms, toughened safety vehicle glass exports reduced rapidly to $X in 2024. In general, exports, however, posted a pronounced increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2024, the exports stood at a somewhat lower figure.
Exports by Country
Estonia (X square meters) was the main destination for toughened safety vehicle glass exports from Latvia, with a X% share of total exports. Moreover, toughened safety vehicle glass exports to Estonia exceeded the volume sent to the second major destination, Sweden (X square meters), twofold. The third position in this ranking was taken by Norway (X square meters), with an X% share.
From 2012 to 2024, the average annual growth rate of volume to Estonia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Norway (X% per year).
In value terms, Estonia ($X) remains the key foreign market for toughened safety glass for motor vehicles, aircraft and other vehicles exports from Latvia, comprising X% of total exports. The second position in the ranking was held by Sweden ($X), with a X% share of total exports. It was followed by Lithuania, with a X% share.
From 2012 to 2024, the average annual rate of growth in terms of value to Estonia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Lithuania (X% per year).
Export Prices by Country
The average toughened safety vehicle glass export price stood at $X per square meter in 2024, dropping by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2023 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per square meter, and then declined in the following year.
There were significant differences in the average prices for the major export markets. In 2024, amid the top suppliers, the country with the highest price was Lithuania ($X per square meter), while the average price for exports to Iceland ($X per square meter) was amongst the lowest.
From 2012 to 2024, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (X%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Toughened Safety Glass For Motor Vehicles, Aircraft And Other VehiclesImports into Latvia
Toughened safety vehicle glass imports into Latvia totaled X square meters in 2024, surging by X% compared with 2023 figures. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by X%. As a result, imports attained the peak of X square meters. From 2017 to 2024, the growth of imports remained at a lower figure.
In value terms, toughened safety vehicle glass imports rose significantly to $X in 2024. In general, imports, however, showed a pronounced contraction. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2024, imports remained at a lower figure.
Imports by Country
Poland (X square meters), Lithuania (X square meters) and Turkey (X square meters) were the main suppliers of toughened safety vehicle glass imports to Latvia, together accounting for X% of total imports.
From 2012 to 2024, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.
In value terms, the largest toughened safety vehicle glass suppliers to Latvia were Poland ($X), Lithuania ($X) and Germany ($X), with a combined X% share of total imports. Turkey, Estonia, Finland and Belarus lagged somewhat behind, together accounting for a further X%.
Among the main suppliers, Turkey, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2024, the average toughened safety vehicle glass import price amounted to $X per square meter, remaining constant against the previous year. In general, the import price, however, recorded a mild downturn. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The import price peaked at $X per square meter in 2012; however, from 2013 to 2024, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per square meter), while the price for Belarus ($X per square meter) was amongst the lowest.
From 2012 to 2024, the most notable rate of growth in terms of prices was attained by Belarus (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
The countries with the highest volumes of consumption in 2024 were China, the United States and India, together comprising 47% of global consumption. Brazil, Indonesia, Russia, Japan, Poland, the UK and Mexico lagged somewhat behind, together accounting for a further 20%.
China remains the largest toughened safety vehicle glass producing country worldwide, comprising approx. 27% of total volume. Moreover, toughened safety vehicle glass production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was taken by India, with a 9.3% share.
In value terms, Poland, Lithuania and Germany appeared to be the largest toughened safety vehicle glass suppliers to Latvia, with a combined 73% share of total imports. Turkey, Estonia, Finland and Belarus lagged somewhat behind, together accounting for a further 12%.
In value terms, Estonia remains the key foreign market for toughened safety glass for motor vehicles, aircraft and other vehicles exports from Latvia, comprising 52% of total exports. The second position in the ranking was held by Sweden, with a 24% share of total exports. It was followed by Lithuania, with a 9.7% share.
In 2024, the average toughened safety vehicle glass export price amounted to $70 per square meter, which is down by -2.1% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2023 an increase of 36% against the previous year. As a result, the export price attained the peak level of $71 per square meter, and then fell modestly in the following year.
The average toughened safety vehicle glass import price stood at $83 per square meter in 2024, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, saw a slight contraction. The pace of growth was the most pronounced in 2018 when the average import price increased by 24%. The import price peaked at $105 per square meter in 2012; however, from 2013 to 2024, import prices failed to regain momentum.