Files and Rasps Price in Latvia - 2023
Contents:
- Files and Rasps Price in Latvia (CIF) - 2022
- Files and Rasps Price in Latvia (FOB) - 2022
- Files and Rasps Imports in Latvia
- Files and Rasps Exports in Latvia
Files and Rasps Price in Latvia (CIF) - 2022
The average files and rasps import price stood at $4.2 per unit in 2022, which is down by -24.9% against the previous year. In general, the import price saw a deep contraction. The pace of growth was the most pronounced in 2013 when the average import price increased by 31% against the previous year. The import price peaked at $19 per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($21 per unit), while the price for Lithuania ($1.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (-0.6%), while the prices for the other major suppliers experienced a decline.
Files and Rasps Price in Latvia (FOB) - 2022
The average files and rasps export price stood at $9.6 per unit in 2022, falling by -21.2% against the previous year. In general, the export price recorded a abrupt downturn. The pace of growth appeared the most rapid in 2017 when the average export price increased by 188% against the previous year. As a result, the export price reached the peak level of $44 per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($26 per unit), while the average price for exports to Israel ($2.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+10.6%), while the prices for the other major destinations experienced mixed trend patterns.
Files and Rasps Imports in Latvia
For the fourth consecutive year, Latvia recorded growth in overseas purchases of files, rasps and similar tools, which increased by 48% to 137K units in 2022. Overall, imports saw a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 157% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, files and rasps imports stood at $573K in 2022. Over the period under review, imports, however, continue to indicate a perceptible slump. Imports peaked at $616K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
Import of Files and Rasps in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 219 | 213 | 196 | 201 | -2.8% |
Sweden | 73.8 | 78.6 | 88.4 | 75.0 | 0.5% |
Lithuania | 64.9 | 67.7 | 62.6 | 74.0 | 4.5% |
Belgium | 85.3 | 36.2 | 46.9 | 68.2 | -7.2% |
Poland | 69.8 | 61.7 | 31.3 | 45.7 | -13.2% |
China | 8.7 | 37.2 | 26.1 | 41.7 | 68.6% |
Estonia | 54.9 | 35.4 | 44.3 | 39.7 | -10.2% |
Others | 39.3 | 14.6 | 21.3 | 27.5 | -11.2% |
Total | 616 | 544 | 517 | 573 | -2.4% |
Top Suppliers of Files and Rasps to Latvia in 2022:
- Lithuania (51.7K units)
- Germany (31.9K units)
- Poland (13.8K units)
- China (11.8K units)
- Belgium (10.6K units)
- Sweden (7.5K units)
- Estonia (6.1K units)
Files and Rasps Exports in Latvia
In 2022, the amount of files, rasps and similar tools exported from Latvia rose to 4.3K units, with an increase of 3% on 2021. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 96% against the previous year. As a result, the exports attained the peak of 8.4K units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, files and rasps exports reduced remarkably to $41K in 2022. Overall, exports, however, continue to indicate a precipitous contraction. The pace of growth was the most pronounced in 2020 when exports increased by 18% against the previous year. As a result, the exports reached the peak of $102K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
Export of Files and Rasps in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lithuania | 41.8 | 70.7 | 12.7 | 16.3 | -26.9% |
Estonia | 32.6 | 12.5 | 24.2 | 11.5 | -29.3% |
Poland | 0.1 | 1.8 | 2.0 | 3.9 | 239.1% |
Russia | N/A | 9.0 | 8.1 | 3.5 | -37.6% |
Israel | 10.9 | 3.8 | 2.7 | 2.3 | -40.5% |
Switzerland | N/A | N/A | 0.1 | 1.1 | 1000.0% |
Georgia | N/A | N/A | N/A | 0.2 | 0% |
Others | 1.2 | 4.5 | 1.1 | 2.5 | 27.7% |
Total | 86.7 | 102 | 51.0 | 41.3 | -21.9% |
Top Export Markets for Files and Rasps from Latvia in 2022:
- Lithuania (1604.0 units)
- Estonia (1079.0 units)
- Israel (910.0 units)
- Poland (154.0 units)
- Russia (136.0 units)
- Switzerland (102.0 units)
- Georgia (89.0 units)
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