Tarpaulins, awnings and sunblinds market in Latvia

Earlier Report Observations

The market for tarpaulins, awnings and sunblinds in Latvia expanded significantly between 2018 and 2024. In physical terms, market volume rose from 389 tons to 557 tons, while in value it increased from US$ 1.9 million to US$ 3.1 million. This growth was interrupted by a contraction in 2020, when the market shrank to 362 tons and US$ 1.9 million.

Specific market dynamics were evident in 2023. The Russia-Ukraine war disrupted supply chains for key raw materials like aluminum, elevating production costs and contributing to a drop in import volumes to 369 tons from 469 tons the previous year, while import value rose to US$ 2.9 million from US$ 2.8 million, reflecting higher unit prices. Concurrently, rising consumer preference for energy-efficient and smart awnings with motorized features supported sustained market demand.

Over the full period, Latvian production of these goods fell sharply, from 139 tons in 2018 to just 19 tons in 2024. This decline was offset by growing imports, which reached 631 tons in 2024, indicating a rising reliance on foreign supply to meet domestic demand.

Production tarpaulins, awnings and sunblinds in Latvia

In value, 2018-2021, K $ US

In 2020, the output of tarpaulins, awnings, and sunblinds in Latvia was valued at 870.9 K $ US, remaining relatively stable compared to 2019. Between 2018 and 2020, production increased by 19.3%, which translates to an annualized growth rate of 6.1%.

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

In kind, 2018-2021, t

In 2020, Latvia produced 154.8 t of tarpaulins, awnings, and sunblinds, showing minimal change from the previous year. Over the period from 2018 to 2020, production grew by 11.4%, with a compound annual growth rate (CAGR) of 3.7%.

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

Exports tarpaulins, awnings and sunblinds from Latvia

Exports in kind, t

In 2021, Latvia's cross-border shipments of tarpaulins, awnings, and sunblinds amounted to 98.1 t, marking a 2.8% increase from the prior year. Over the 2018-2021 period, exports decreased by 19.6%, with a CAGR of 7.0%. The lowest export volume was recorded in 2020 at 95.5 t, while the highest was in 2019 at 155.5 t. The largest decline occurred in 2020, dropping by 38.6%, whereas the largest increase was in 2019, rising by 27.5%.

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

From 2018 to 2021, Lithuania remained the primary destination for Latvia's exports in kind, accounting for 72.3% of total flows, with the remainder distributed among various smaller markets.

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

In 2021, the value of exported tarpaulins, awnings, and sunblinds from Latvia reached 448 K $ US, a 27.5% increase compared to the previous year. Over the 2018-2021 period, exports decreased by 3.2%, with a CAGR of 1.1%. The lowest value was recorded in 2020 at 351 K $ US, and the highest in 2019 at 547 K $ US. The largest decline was in 2020, falling by 35.8%.

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

Between 2018 and 2021, Lithuania and Estonia together accounted for 82.2% of Latvia's total exports in value terms, with other countries forming a diverse but less significant portion.

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

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

Imports tarpaulins, awnings and sunblinds to Latvia

Imports in kind, t

In 2021, Latvia imported 451.6 t of tarpaulins, awnings, and sunblinds, which is 49.2% higher than the previous year. Over the 2018-2021 period, imports increased by 21.5%, with a CAGR of 6.7%. The lowest import volume was in 2020 at 302.6 t, and the highest in 2019 at 494.5 t. The largest decline occurred in 2020, dropping by 38.8%.

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

From 2018 to 2021, China remained the main market for Latvia's imports in kind, holding a 72.9% share of total flows, while the rest was spread across numerous other destinations.

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's imports of tarpaulins, awnings, and sunblinds stood at 2 079 K $ US, a 54.7% increase from 2020. Over the 2018-2021 period, imports grew by 24.4%, with a CAGR of 7.6%. The lowest value was recorded in 2020 at 1 344 K $ US, and the highest in 2019 at 2 261 K $ US. The largest decline was in 2020, falling by 40.6%.

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

Between 2018 and 2021, China, Lithuania, and Germany continued to be the main suppliers of tarpaulins, awnings, and sunblinds to Latvia, accounting for 48.1%, 19.1%, and 9.2% of imports in value terms, respectively. Together, they formed 76.4% of total imports in value terms.

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

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