Folding cartons, boxes and cases of non-corrugated paper or paperboard market in Latvia

Earlier Report Observations

The market volume for folding cartons in Latvia demonstrated significant volatility between 2018 and 2024. After an initial level of 6 220 t in 2018, consumption dipped slightly the following year and saw only a minor recovery in 2020. The market then underwent a substantial expansion, surging to 7 890 t by 2023, which marked the highest point in the observed period. This peak was followed by a sharp contraction in 2024, bringing the market volume back down to 6 080 t.

Measured in value, the market followed a similar trajectory of growth and decline. Starting from $15.5 million in 2018, the market's value climbed to a peak of $27.9 million in 2023 before falling to $22.3 million in 2024. The parallel movements in both volume and value indicate pronounced shifts in market conditions within a short timeframe.

Production folding cartons, boxes and cases of non-corrugated paper or paperboard in Latvia

In value, 2018-2021, K $ US

Latvia's production of folding cartons, boxes, and cases made from non-corrugated paper or paperboard has grown for the second year in a row. In 2020, output reached 22 197 thousand US dollars, marking a significant year-over-year increase of 11.7%. From 2018 to 2020, production rose by 14.2%, with an average annual growth rate of 4.5%.

Annual dynamics of production in Latvia in value, 2018-2021, K $ US

In kind, 2018-2021, t

In 2020, Latvia produced 6 797 tonnes of folding cartons, boxes, and cases from non-corrugated paper or paperboard, showing a modest gain of 7.1% compared to the previous year. However, over the 2018-2020 period, production declined by 5.1%, with an average annual decrease of 1.7%. The lowest output was recorded in 2019 at 6 347 tonnes, which also saw the largest drop of 11.4%.

Annual dynamics of production in Latvia in kind, 2018-2021, t

Exports folding cartons, boxes and cases of non-corrugated paper or paperboard from Latvia

Exports in kind, t

Exports of folding cartons, boxes, and cases made from non-corrugated paper or paperboard from Latvia have increased for the second consecutive year. In 2021, exports totaled 5 084 tonnes, representing an 11.9% rise from the year before. Between 2018 and 2021, exports grew by 10.6%, equating to an annualized rate of 3.4%. The lowest level was in 2019 at 4 141 tonnes, which also experienced the largest decline of 9.9%.

Annual dynamics of product's exports from Latvia in kind, 2018-2021, t

From 2018 to 2021, Poland, Sweden, and Finland were the key partners for Latvia's exports of folding cartons, boxes, and cases from non-corrugated paper or paperboard in volume terms. Poland accounted for 24.1% of exports, Sweden for 22.1%, and Finland for 15.7%, together making up 61.9% of total export flows.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Latvia in kind, 2018-2021

Exports in value, K $ US

Exports of folding cartons, boxes, and cases made from non-corrugated paper or paperboard from Latvia have risen for the third year in a row. In 2021, exports reached 17 604 thousand US dollars, a solid increase of 16.2% compared to the previous year. Over the 2018-2021 period, exports surged by 35.7%, with an average annual growth rate of 10.7%.

Annual dynamics of product's exports from Latvia in value, 2018-2021, K $ US

From 2018 to 2021, Poland, Finland, and Estonia consistently led in the country structure of Latvia's exports of folding cartons, boxes, and cases from non-corrugated paper or paperboard in value terms. Poland held 26.6% of exports, Finland 15.9%, and Estonia 13.7%, collectively accounting for 56.3% of total export flows.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Latvia in value, 2018-2021

Imports folding cartons, boxes and cases of non-corrugated paper or paperboard to Latvia

Imports in kind, t

Imports of folding cartons, boxes, and cases made from non-corrugated paper or paperboard into Latvia have grown for the third consecutive year. In 2021, Latvia imported 4 633 tonnes, marking a solid year-over-year increase of 18.3%. Between 2018 and 2021, imports rose by 26.8%, equating to an annualized rate of 8.2%.

Annual dynamics of product's imports to Latvia in kind, 2018-2021, t

From 2018 to 2021, Lithuania, Estonia, and Denmark remained the top sources for Latvia's imports of folding cartons, boxes, and cases from non-corrugated paper or paperboard in volume terms. Lithuania accounted for 29.6% of imports, Estonia for 15.2%, and Denmark for 14.2%, together representing 59.0% of total import flows.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Latvia in kind, 2018-2021

Imports in value, K $ US

In 2021, Latvia imported 11 047 thousand US dollars worth of folding cartons, boxes, and cases made from non-corrugated paper or paperboard, which is 14.3% higher than the previous year. Over the 2018-2021 period, imports increased by 22.6%, with an average annual growth rate of 7.0%. The largest increase occurred in 2019 at 17.6%, while the largest decline was in 2020 at 8.7%.

Annual dynamics of product's imports to Latvia in value, 2018-2021, K $ US

From 2018 to 2021, imports of folding cartons, boxes, and cases from non-corrugated paper or paperboard into Latvia in value terms were not highly concentrated. Lithuania accounted for 25.1% of imports, Denmark for 15.8%, and Germany for 8.8%, together capturing only 49.7% of total import flows.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Latvia in value, 2018-2021