Latvia - Marine Or River Navigation Instruments And Appliances - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMarine GPS Navigator Price in Latvia - 2023
Contents:
- Marine GPS Navigator Price in Latvia (FOB) - 2022
- Marine GPS Navigator Price in Latvia (CIF) - 2022
- Marine GPS Navigator Exports in Latvia
- Marine GPS Navigator Imports in Latvia
Marine GPS Navigator Price in Latvia (FOB) - 2022
The average marine GPS navigator export price stood at $11,031 per unit in 2022, increasing by 106% against the previous year. Overall, the export price continues to indicate significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Estonia ($13,419 per unit), while the average price for exports to Kazakhstan ($5,924 per unit) was amongst the lowest.
From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+54.8%), while the prices for the other major destinations experienced more modest paces of growth.
Marine GPS Navigator Price in Latvia (CIF) - 2022
In 2022, the average marine GPS navigator import price amounted to $2,304 per unit, reducing by -28.1% against the previous year. Over the period under review, the import price showed a precipitous contraction. The growth pace was the most rapid in 2021 when the average import price decreased by -24.9%. Over the period under review, average import prices attained the peak figure at $4,265 per unit in 2020; however, from 2021 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 Norway ($3,995 per unit), while the price for Estonia ($1,186 per unit) was amongst the lowest.
From 2020 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+16.0%), while the prices for the other major suppliers experienced a decline.
Marine GPS Navigator Exports in Latvia
In 2022, after three years of growth, there was significant decline in shipments abroad of marine or river navigation instruments and appliances, when their volume decreased by -71.1% to 416 units. Overall, exports faced a sharp contraction. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. As a result, the exports reached the peak of 1.4K units, and then dropped markedly in the following year.
In value terms, marine GPS navigator exports dropped notably to $4.6M in 2022. In general, exports faced a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 6.2% against the previous year. As a result, the exports reached the peak of $7.7M, and then dropped markedly in the following year.
Export of Marine GPS Navigator in Latvia (Million USD) | |||||
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COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
Canada | 3.2 | 3.0 | 3.5 | 4.6% | |
Turkey | 0.1 | 0.1 | 0.2 | 41.4% | |
Estonia | 0.7 | 1.0 | 0.1 | -62.2% | |
Lithuania | 2.5 | 3.0 | 0.1 | -80.0% | |
Kazakhstan | N/A | N/A | 0.1 | 0% | |
Poland | 0.3 | 0.3 | N/A | 0.0% | |
Others | 0.5 | 0.2 | 0.7 | 18.3% | |
Total | 7.2 | 7.7 | 4.6 | -20.1% |
Top Export Markets for Marine GPS Navigator from Latvia in 2022:
- Canada (342.0 units)
- Turkey (21.0 units)
- Lithuania (11.0 units)
- Kazakhstan (9.0 units)
- Estonia (4.0 units)
- Poland (3.0 units)
Marine GPS Navigator Imports in Latvia
In 2022, after three years of growth, there was significant decline in purchases abroad of marine or river navigation instruments and appliances, when their volume decreased by -58.3% to 947 units. In general, imports continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 44%. As a result, imports reached the peak of 2.3K units, and then dropped sharply in the following year.
In value terms, marine GPS navigator imports contracted dramatically to $2.2M in 2022. Over the period under review, imports continue to indicate a dramatic descent. The growth pace was the most rapid in 2021 with an increase of 8.2%. Imports peaked at $7.6M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
Import of Marine GPS Navigator in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
Netherlands | 769 | 793 | 969 | 12.3% | |
Poland | 4,228 | 5,567 | 402 | -69.2% | |
Lithuania | 194 | 238 | 191 | -0.8% | |
Estonia | 220 | 168 | 168 | -12.6% | |
Norway | 20.9 | N/A | 75.9 | 90.6% | |
Czech Republic | 202 | 32.9 | 43.6 | -53.5% | |
Others | 1,088 | 471 | 332 | -44.8% | |
Total | 6,721 | 7,270 | 2,182 | -43.0% |
Top Suppliers of Marine GPS Navigator to Latvia in 2022:
- Netherlands (383.0 units)
- Poland (205.0 units)
- Estonia (142.0 units)
- Lithuania (118.0 units)
- Czech Republic (25.0 units)
- Norway (19.0 units)
This report provides an in-depth analysis of the marine gps navigator market in Latvia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 26511180 - Instruments and appliances for navigation (including for marine or river navigation) (excluding for aeronautical or space navigation, compasses)
Country coverage:
- Latvia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Latvia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the marine gps navigator market in Latvia.
This report provides an in-depth analysis of the gps navigator market in Latvia.
This report provides an in-depth analysis of the direction finding compass market in Latvia.
This report provides an in-depth analysis of the global marine gps navigator market.
This report provides an in-depth analysis of the global gps navigator market.
This report provides an in-depth analysis of the global direction finding compass market.
This report provides an in-depth analysis of the marine gps navigator market in Latvia.
This report provides an in-depth analysis of the gps navigator market in Latvia.
This report provides an in-depth analysis of the direction finding compass market in Latvia.
This report provides an in-depth analysis of the global marine gps navigator market.
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