Market research

Illuminated signs and name-plates market in Latvia

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The market for illuminated signs and name-plates in Latvia demonstrated strong growth from 2018 to 2020, with its value increasing from 621 thousand US dollars to 2 851 thousand US dollars. This represented a more than fourfold expansion in a short period, indicating a significant rise in domestic consumption and market activity.

By 2024, the market value had further risen to 5 486 thousand US dollars. This continued growth was supported by specific regulatory and urban development initiatives. In 2022, the city of Riga implemented a project to install new street name and address signs following street renamings, creating direct demand for the production and placement of updated illuminated signage. Concurrent amendments to national traffic regulations, which clarified requirements for traffic control devices, also stimulated demand for compliant illuminated signs and name-plates.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators
1. 4.1. In value
  1. 4.1.1. Production, 2018-2020, 2024
  2. 4.1.2. Imports, 2018-2025
  3. 4.1.3. Exports, 2018-2025
  4. 4.1.4. Market size, 2018-2020, 2024
5. Production
1. 5.1. Production in Latvia
  1. 5.1.1. In kind, 2018, 2020, 2024, unit
  2. 5.1.2. In value, 2018-2020, 2024, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, unit
  2. 5.2.2. In value, 2018-2024, K $ US
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Latvia in kind, 2018-2025, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Latvia by countries, 2018-2025, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Latvia in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Latvia by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's imports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Latvia, 2018-2025, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to Latvia by countries, 2018-2025, $ US/kg
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Latvia in kind, 2018-2025, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Latvia by countries, 2018-2025, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Latvia in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Latvia by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's imports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Latvia, 2018-2025, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to Latvia by countries, 2018-2025, $ US/kg
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Latvia in kind, 2018-2025, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Latvia by countries, 2018-2025, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Latvia in value, 2018-2025, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Latvia by countries, 2018-2025, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's exports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Latvia, 2018-2025, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from Latvia by countries, 2018-2025, $ US/kg
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Latvia in kind, 2018-2025, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Latvia by countries, 2018-2025, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Latvia in value, 2018-2025, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Latvia by countries, 2018-2025, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's exports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Latvia, 2018-2025, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from Latvia by countries, 2018-2025, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2025
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production illuminated signs and name-plates in Latvia

In value, 2018-2021, K $ US

Latvia's production of illuminated signs and name-plates has grown for the second consecutive year. In 2020, output remained stable year-on-year, valued at 5 076 K $ US. Between 2018 and 2020, production increased by 98.7%, which translates to an annualized growth rate of 25.7%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	98.1%	0.3%	n/a	-

Source: SHEV.io

Exports illuminated signs and name-plates from Latvia

Exports in kind, t

Market performance showed noticeable fluctuations during this period. The minimum export volume was recorded in 2018, while the maximum occurred in 2021, with a 2.2-fold difference between these years. In 2021, Latvia exported 263.5 t of illuminated signs and name-plates, marking a 35.6% increase from 2020. The largest decline was in 2020 at 14.8%, while the largest increase was in 2019 at 92.1%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	92.1%	(14.8%)	35.6%	30.4%

Source: SHEV.io

From 2018 to 2021, Latvia's exports of illuminated signs and name-plates in kind were not heavily concentrated on a few key destinations. The top three markets—Sweden (20.7% of exports in kind), the United Kingdom (15.7%), and Norway (11.1%)—collectively accounted for only 47.6% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

In 2021, Latvia's exports of illuminated signs and name-plates in value terms totaled 4 505 K $ US, up 16.0% from the previous year. Over the 2018-2021 period, exports increased by 15.8%, with a compound annual growth rate (CAGR) of 5.0%. The minimum value was recorded in 2020 at 3 883 K $ US, while the maximum was in 2019 at 5 865 K $ US. The largest decline occurred in 2020 at 33.8%, and the largest increase was in 2019 at 50.8%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	50.8%	(33.8%)	16.0%	5.0%

Source: SHEV.io

Between 2018 and 2021, exports in value terms were distributed across a wide range of partner countries. The top three—Norway (16.2% of exports in value terms), the United Kingdom (15.6%), and Sweden (12.6%)—jointly accounted for just 44.3% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports illuminated signs and name-plates to Latvia

Imports in kind, t

After a two-year decrease, Latvia's imports of illuminated signs and name-plates in kind increased in 2021. Imports stood at 64.3 t, showing a moderate uptick of 6.0% from the previous year. Between 2018 and 2021, imports decreased by 29.9%, equating to an annualized decline of 11.2%. The minimum value was recorded in 2020 at 60.7 t, with the largest decline also in 2020 at 30.5%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(4.7%)	(30.5%)	6.0%	(11.2%)

Source: SHEV.io

From 2018 to 2021, the leading sources for Latvia's imports of illuminated signs and name-plates in kind were Poland (20.5% of imports in kind), Estonia (18.8%), and Germany (12.4%). Together, these three countries accounted for 51.8% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

In 2021, Latvia imported 1 716 K $ US worth of illuminated signs and name-plates, up 3.5% year-over-year. Over the 2018-2021 period, imports decreased by 12.3%, with a compound annual growth rate (CAGR) of -4.3%. The minimum value was recorded in 2020 at 1 657 K $ US, while the maximum was in 2019 at 2 048 K $ US. The largest decline occurred in 2020 at 19.1%, and the largest increase was in 2019 at 4.7%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	4.7%	(19.1%)	3.5%	(4.3%)

Source: SHEV.io

Throughout 2018–2021, the three largest markets for Latvia's imports in value terms were Estonia, Sweden, and Poland. Together, they accounted for 50.1% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io