Key Market Indicators
Latvian paint exports are set to rise over the next five years, increasing 2.3% annually on average. In 2021, Latvia ranked 20th in the world for paint exports, with 378,070 Kilograms. Russia overtook Latvia in this ranking, with supplies totalling 438,520 Kilograms. The Czech Republic, Germany and Indonesia followed, in that order. Similarly, Latvian paint imports are expected to grow at a rate of 1.3% year on year. In 2021, the country imported 571,760 Kilograms of paint. Over the past 22 years, Latvian paint demand has risen 7.9% annually on average.
Improve your Knowledge with the latest Indicators and Trends
-
Decorative Laminates Sector: Tapping into Growth Trends and Emerging Opportunities
The decorative laminates market is largely driven by the construction industry's growth, with demand primarily stemming from residential and commercial properties. A critical factor influencing this sector's expansion is the aesthetic appeal that decorative laminates provide. Their durability, ease of maintenance, and versatility also fuel demand. Rapid urbanisation and increased...
Discover more insights -
Industrial Automation: Unraveling Opportunities in the Global Robotic Painting Sector
The shift toward robotic painting in diverse industries represents the drive to increase efficiency and streamline operations. Robots, characterized by precision, speed, and the ability to perform monotonous tasks tirelessly, enable manufacturers to enhance productivity. These automated systems minimize the risk of human error and waste, translating into considerable cost...
Discover more insights -
Chemical Sector Insights: Exploring Opportunities and Trends in Global Paint Thinner Industry
Existing data suggests that the global paint thinner market has been exhibiting steady growth in recent years. While this industry is somewhat mature, it is characterized by continual innovation and product development. The demand for such products is generally dictated by developments in the broader paint and coatings industry, which...
Discover more insights -
Paint Industry Insight: Exploring Dynamics, Opportunities, and Competitive Trends till 2025
The paint industry has exhibited an upswell, propelled by revamping infrastructures and increasing building/construction activities, a factor like urbanization plays a crucial role here. This surge is not just confined to emerging economies but is a global phenomenon. Nevertheless, variable raw material prices and stringent environmental regulations pose challenges to...
Discover more insights -
Decorative Laminates Industry: Unveiling Growth Opportunities and Emerging Trends
A significant rise in construction activities, a growing emphasis on aesthetics and interior decoration, and an increasing preference for cost-effective solutions are key factors driving the demand for decorative laminates. Demographic trends, particularly in emerging economies, are also positively contributing to market expansion. The focus on innovative designs and sustainability...
Discover more insights