Market research

Insulating glass units 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 insulating glass units in Latvia began the period from 2018 to 2020 with relative stability, as the market size remained around 28.4 million USD. A sharp contraction followed in 2020, reducing the market to 24.0 million USD.

A recovery phase commenced in 2021, lifting the market to 26.6 million USD, and accelerated into 2022 with a surge to a peak of 36.2 million USD. This growth reversed over the next two years, with the market declining to 33.1 million USD in 2023 and further to 28.7 million USD in 2024, returning to a volume range similar to that seen at the start of the period.

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 and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In value
    1. 4.1.1.1. Production, 2018-2024
    2. 4.1.1.2. Imports, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2018-2024
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Latvia
  1. 5.1.1. In kind, 2018-2024, K m²
  2. 5.1.2. In value, 2018-2024, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, K m²
  2. 5.2.2. In value, 2018-2024, K $ US
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, K m²
    1. 6.1.2.1. Annual dynamics of product's exports from Latvia in kind, 2018-2025, K m²
    2. 6.1.2.2. Dynamics of product's exports in kind from Latvia by countries, 2018-2025, K m²
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Latvia in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Latvia by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's exports, $ US/m²
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Latvia, 2018-2025, $ US/m²
    2. 6.1.4.2. Dynamics of average price of product's exports from Latvia by countries, 2018-2025, $ US/m²
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, K m²
    1. 6.2.2.1. Annual dynamics of product's exports from Latvia in kind, 2018-2025, K m²
    2. 6.2.2.2. Dynamics of product's exports in kind from Latvia by countries, 2018-2025, K m²
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Latvia in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Latvia by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's exports, $ US/m²
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Latvia, 2018-2025, $ US/m²
    2. 6.2.4.2. Dynamics of average price of product's exports from Latvia by countries, 2018-2025, $ US/m²
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, K m²
    1. 7.1.2.1. Annual dynamics of product's imports to Latvia in kind, 2018-2025, K m²
    2. 7.1.2.2. Dynamics of product's imports in kind to Latvia by countries, 2018-2025, K m²
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Latvia in value, 2018-2025, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Latvia by countries, 2018-2025, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's imports, $ US/m²
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Latvia, 2018-2025, $ US/m²
    2. 7.1.4.2. Dynamics of average price of product's imports to Latvia by countries, 2018-2025, $ US/m²
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, K m²
    1. 7.2.2.1. Annual dynamics of product's imports to Latvia in kind, 2018-2025, K m²
    2. 7.2.2.2. Dynamics of product's imports in kind to Latvia by countries, 2018-2025, K m²
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Latvia in value, 2018-2025, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Latvia by countries, 2018-2025, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's imports, $ US/m²
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Latvia, 2018-2025, $ US/m²
    2. 7.2.4.2. Dynamics of average price of product's imports to Latvia by countries, 2018-2025, $ US/m²
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K m²
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K m²
  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 insulating glass units in Latvia

In value, 2018-2021, K $ US

Latvia's insulating glass unit production rebounded after a two-year decline. In 2021, output reached 31 880 K $ US, marking a 19.5% increase from 2020. Production hit its lowest point in 2020 at 26 686 K $ US, with the largest decline of 16.3% occurring that year. Over the period from 2018 to 2021, overall production decreased by 10.4%, which translates to an average annual decline of 3.6%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(10.4%)	(16.3%)	19.5%	(3.6%)

Source: SHEV.io

In kind, 2018-2021, K m²

The data shows irregular changes, pointing to a volatile market environment. Production volume reached its lowest point in 2020 at 482.0 K m², with the largest decline of 20.1% recorded that year. In 2021, output surged to 890.2 K m², reflecting a sharp 84.7% improvement from 2020 and marking the highest production volume. The gap between the highest and lowest volumes was 1.8-fold.

Annual dynamics of production in Latvia in kind, 2018-2021, K m²

Parameter		2019	2020	2021	CAGR
1	Change from last year	(19.1%)	(20.1%)	84.7%	6.1%

Source: SHEV.io

Exports insulating glass units from Latvia

Exports in kind, K m²

Cross-border shipments of insulating glass units from Latvia increased after a two-year drop. Exports reached their lowest point in 2020 at 161.9 K m², with the largest decline of 24.4% occurring in 2019. In 2021, exports rose to 215.0 K m², showing a 32.8% increase from the previous year.

Annual dynamics of product's exports from Latvia in kind, 2018-2021, K m²

Parameter		2019	2020	2021	CAGR
1	Change from last year	(24.4%)	(1.6%)	32.8%	(0.4%)

Source: SHEV.io

From 2018 to 2021, Estonia and Lithuania were the core markets for Latvia's exports in kind, jointly accounting for 81.4% of total flows. Other destinations held comparatively modest shares during this period.

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

Insulating glass unit exports from Latvia increased after a two-year decline. The lowest value was recorded in 2020 at 8 622 K $ US, with the largest decline of 27.6% occurring in 2019. In 2021, exports surged to 12 451 K $ US, showing an intense 44.4% rise from the previous year. Over the 2018–2021 period, exports grew by 4.2%, equating to an average annual increase of 1.4%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(27.6%)	(0.3%)	44.4%	1.4%

Source: SHEV.io

From 2018 to 2021, three main markets—Estonia, Lithuania, and Finland—together absorbed 82.1% of the total value of insulating glass unit exports from Latvia.

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 insulating glass units to Latvia

Imports in kind, K m²

Imports of insulating glass units into Latvia increased for the third consecutive year. In 2021, imports amounted to 180.5 K m², showing a modest 9.9% rise from the previous year. Over the 2018–2021 period, imports grew by 73.6%, which translates to an average annual increase of 20.2%.

Annual dynamics of product's imports to Latvia in kind, 2018-2021, K m²

Parameter		2019	2020	2021	CAGR
1	Change from last year	49.2%	5.9%	9.9%	20.2%

Source: SHEV.io

From 2018 to 2021, Lithuania and Poland clearly dominated the partner structure for imports in kind, while other countries together formed the remaining share.

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

Foreign supplies of insulating glass units to Latvia increased for the third consecutive year. In 2021, imports reached 7 152 K $ US, indicating a 21.4% rise year-over-year. Over the 2018–2021 period, imports grew by 49.6%, equating to an average annual increase of 14.4%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	10.4%	11.6%	21.4%	14.4%

Source: SHEV.io

From 2018 to 2021, Lithuania (48.9% of imports in value terms), Estonia (28.9%), and Poland (10.3%) led the structure of imports in value terms, together representing 88.0% 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