Plastic doors, windows and frames market in Latvia

Earlier Report Observations

From 2018 to 2020, the market volume for plastic doors, windows and frames in Latvia began to decline. High interest rates made consumers more cautious about major purchases, reducing demand for plastic windows. In 2019, Estonian wooden window manufacturers entered the market, increasing competition. In 2020, amendments to the law on reducing consumption of plastic-containing products, aimed at transitioning to a circular economy, put additional pressure on the plastic window market, while the COVID-19 pandemic led to deflation and price stabilization, affecting construction activity.

Between 2021 and 2022, market volume continued to shrink sharply. Consumer caution and financial considerations remained key factors restraining demand. At the same time, the trend towards using sustainable materials and energy-efficient solutions intensified, shifting preferences towards quality products, but under economic uncertainty the overall market volume decreased.

In the subsequent period from 2023 to 2024, the market volume continued its downward trend, reaching 116.8 thousand units in 2024. Production in physical terms fell to 70.3 thousand units, while imports saw a slight increase and exports remained elevated.

Production plastic doors, windows and frames in Latvia

In value, 2018-2021, K $ US

In 2021, Latvia's production of plastic doors, windows, and frames was valued at 22 931 thousand US dollars, marking a measured increase of 6.3% compared to 2020. Over the period from 2018 to 2021, production grew by 21.8%, with a compound annual growth rate of 6.8%. The largest decline occurred in 2020 at 3.5%, while the largest increase was recorded in 2019 at 18.8%.

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

In kind, 2018-2021, K unit

Latvia's production volume of plastic doors, windows, and frames declined for the second consecutive year. In 2021, the country produced 85.6 thousand units, representing a measured year-over-year drop of 8.5%. Between 2018 and 2021, production decreased by 20.9%, equating to an annualized rate of 7.5%. The maximum value was recorded in 2019 at 122.5 thousand units. The largest decline occurred in 2020 at 23.6%, while the largest increase was in 2019 at 13.1%.

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

Exports plastic doors, windows and frames from Latvia

Exports in kind, K unit

Market performance showed noticeable fluctuations during the period. The lowest export volume was registered in 2018, while the highest occurred in 2020, with a peak-to-trough ratio of 2.4 times. In 2021, Latvia exported 38.6 thousand units of plastic doors, windows, and frames, corresponding to a sharp decline of 49.9% compared to the previous year. The maximum value was recorded in 2020 at 77.1 thousand units, and the largest increase was in 2019 at 106.2%.

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

From 2018 to 2021, Lithuania and Estonia played the leading roles in exports in kind, jointly accounting for 84.5% of total flows, while the remaining share was dispersed among other countries.

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

After two years of decline, plastic doors, windows, and frames exports from Latvia increased in 2021, reaching 3 219 thousand US dollars, up by 48.3% year-over-year. Between 2018 and 2021, exports decreased by 33.7%, equating to an annualized rate of 12.8%. The minimum value was recorded in 2020 at 2 170 thousand US dollars, and the largest decline occurred in the same year at 42.0%.

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

From 2018 to 2021, the leading destinations for exports in value terms of plastic doors, windows, and frames from Latvia were Estonia, with 36.9% of exports, Lithuania at 15.0%, and Norway at 14.5%. Together, these three countries accounted for 66.4% of total 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 plastic doors, windows and frames to Latvia

Imports in kind, K unit

After a two-year uptick, the volume of plastic doors, windows, and frames imports into Latvia declined in 2021, amounting to 140.4 thousand units, indicating a dramatic decrease of 33.6% compared to 2020. Over the period from 2018 to 2021, imports decreased by 17%, with a compound annual growth rate of 6.0%. The maximum value was recorded in 2020 at 211.6 thousand units, and the largest increase occurred in the same year at 18.6%.

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

Throughout 2018 to 2021, Poland and Lithuania clearly dominated imports in kind of plastic doors, windows, and frames to Latvia, jointly accounting for 90.9% of total flows, while other countries held much smaller shares.

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 a total of 10 696 thousand US dollars worth of plastic doors, windows, and frames, which is 9.2% greater than the previous year. Over the period from 2018 to 2021, imports increased by 3.8%, with a compound annual growth rate of 1.3%. The minimum value was recorded in 2020 at 9 755 thousand US dollars, and the maximum value was in 2019 at 10 696 thousand US dollars. The largest decline occurred in 2020 at 8.8%.

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

From 2018 to 2021, Poland remained the dominant direction for imports in value terms, with a share of 70.5% of total flows, while the remainder was fragmented across other markets.

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

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