Latvia - Airplanes And Other Aircraft - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAircraft Price in Latvia - 2023
Contents:
- Aircraft Price in Latvia (FOB) - 2022
- Aircraft Price in Latvia (CIF) - 2022
- Aircraft Exports in Latvia
- Aircraft Imports in Latvia
Aircraft Price in Latvia (FOB) - 2022
In 2022, the average aircraft export price amounted to $175,939 per unit, increasing by 342% against the previous year. Overall, the export price posted a measured expansion. The most prominent rate of growth was recorded in 2015 an increase of 693%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malta ($2,316,707 per unit), while the average price for exports to the United Arab Emirates ($19,337 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 Estonia (+5,653.6%), while the prices for the other major destinations experienced more modest paces of growth.
Aircraft Price in Latvia (CIF) - 2022
In 2022, the average aircraft import price amounted to $94,244 per unit, increasing by 18% against the previous year. Over the period under review, the import price, however, continues to indicate a slight downturn. The pace of growth appeared the most rapid in 2018 when the average import price increased by 1,215%. Over the period under review, average import prices reached the maximum at $388,206 per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
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 Italy ($200,132 per unit), while the price for Ukraine ($48,676 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Aircraft Exports in Latvia
In 2022, shipments abroad of airplanes and other aircraft decreased by -29.6% to 19 units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 140%. Over the period under review, the exports reached the peak figure at 27 units in 2021, and then fell remarkably in the following year.
In value terms, aircraft exports soared to $3.3M in 2022. Over the period under review, exports, however, showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Aircraft in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malta | N/A | N/A | N/A | 2,317 | 0% |
United States | 343 | 534 | 443 | 629 | 22.4% |
Romania | N/A | N/A | N/A | 115 | 0% |
Estonia | N/A | N/A | 1.4 | 81.2 | 5700.0% |
France | N/A | N/A | N/A | 73.5 | 0% |
Spain | N/A | N/A | N/A | 65.0 | 0% |
Saudi Arabia | N/A | N/A | N/A | 22.1 | 0% |
Japan | N/A | 411 | 217 | 20.7 | -77.6% |
United Arab Emirates | N/A | N/A | N/A | 19.3 | 0% |
Israel | N/A | N/A | 10.6 | N/A | 0% |
Italy | 351 | N/A | N/A | N/A | 0% |
Canada | N/A | N/A | 43.0 | N/A | 0% |
Others | 80.3 | 195 | 359 | N/A | 111.4% |
Total | 775 | 1,140 | 1,074 | 3,343 | 62.8% |
Top Export Markets for Aircraft from Latvia in 2022:
- United States (11.0 units)
- Romania (1.0 units)
- Estonia (1.0 units)
- United Arab Emirates (1.0 units)
- Saudi Arabia (1.0 units)
- Malta (1.0 units)
- France (1.0 units)
- Japan (1.0 units)
- Spain (1.0 units)
Aircraft Imports in Latvia
For the third year in a row, Latvia recorded decline in overseas purchases of airplanes and other aircraft, which decreased by -50% to 6 units in 2022. Overall, imports saw a dramatic curtailment. The smallest decline of -20% was in 2021. Over the period under review, imports attained the peak figure at 64 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, aircraft imports shrank markedly to $565K in 2022. Over the period under review, imports faced a sharp decrease. The smallest decline of -0.3% was in 2021. Over the period under review, imports attained the peak figure at $4.1M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
Import of Aircraft in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 322 | N/A | 873 | 200 | -14.7% |
Ukraine | N/A | N/A | N/A | 146 | 0% |
United States | 993 | 10.8 | N/A | 122 | -50.3% |
Germany | N/A | N/A | N/A | 97.8 | 0% |
Russia | N/A | N/A | 82.9 | N/A | 0% |
South Korea | N/A | N/A | 4.2 | N/A | 0% |
Austria | 1,539 | 561 | N/A | N/A | -63.5% |
France | N/A | 321 | N/A | N/A | 0% |
Egypt | N/A | 26.6 | N/A | N/A | 0% |
Czech Republic | 1,272 | 44.0 | N/A | N/A | -96.5% |
Others | 7.5 | N/A | N/A | N/A | 0% |
Total | 4,134 | 963 | 960 | 565 | -48.5% |
Top Suppliers of Aircraft to Latvia in 2022:
- Ukraine (3.0 units)
- United States (1.0 units)
- Germany (1.0 units)
- Italy (1.0 units)
This report provides an in-depth analysis of the aircraft 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 30303200 - Aeroplanes and other aircraft of an unladen weight . 2 .000 kg, for civil use
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
-
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
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This report provides an in-depth analysis of the helicopter market in Latvia.
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