Concrete Mixer Price in Latvia - 2023
Contents:
- Concrete Mixer Price in Latvia (CIF) - 2022
- Concrete Mixer Price in Latvia (FOB) - 2022
- Concrete Mixer Imports in Latvia
- Concrete Mixer Exports in Latvia
Concrete Mixer Price in Latvia (CIF) - 2022
The average concrete mixer import price stood at $570 per unit in 2022, growing by 25% against the previous year. In general, the import price, however, continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2020 an increase of 60%. The import price peaked at $840 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($2,146 per unit), while the price for Lithuania ($301 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Concrete Mixer Price in Latvia (FOB) - 2022
In 2022, the average concrete mixer export price amounted to $717 per unit, shrinking by -46.3% against the previous year. Over the period under review, the export price, however, saw a noticeable increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 72%. Over the period under review, the average export prices attained the peak figure at $1,335 per unit in 2021, and then declined significantly in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($2,480 per unit), while the average price for exports to Armenia ($80 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 Russia (+13.6%), while the prices for the other major destinations experienced mixed trend patterns.
Concrete Mixer Imports in Latvia
Concrete mixer imports into Latvia shrank rapidly to 2.9K units in 2022, waning by -17.6% on 2021 figures. Overall, imports showed a deep contraction. The smallest decline of -4.5% was in 2021. Imports peaked at 4.2K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, concrete mixer imports stood at $1.7M in 2022. In general, imports saw a noticeable curtailment. The growth pace was the most rapid in 2020 with an increase of 40% against the previous year. As a result, imports attained the peak of $2.6M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Concrete Mixer in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 487 | 255 | 535 | 412 | -5.4% |
| Germany | 900 | 1,064 | 259 | 350 | -27.0% |
| Thailand | N/A | N/A | N/A | 312 | 0% |
| Lithuania | 156 | 229 | 205 | 222 | 12.5% |
| Turkey | N/A | N/A | 85.9 | 150 | 74.6% |
| Poland | 123 | 145 | 138 | 95.1 | -8.2% |
| Estonia | 17.5 | 199 | 217 | 46.6 | 38.6% |
| Czech Republic | N/A | N/A | 39.4 | 33.8 | -14.2% |
| United Kingdom | N/A | 630 | 29.2 | N/A | -95.4% |
| Others | 150 | 42.4 | 87.9 | 29.6 | -41.8% |
| Total | 1,834 | 2,564 | 1,597 | 1,650 | -3.5% |
Top Suppliers of Concrete Mixer to Latvia in 2022:
- China (1114.0 units)
- Lithuania (738.0 units)
- Thailand (309.0 units)
- Poland (230.0 units)
- Turkey (204.0 units)
- Germany (163.0 units)
- Czech Republic (72.0 units)
- Estonia (50.0 units)
Concrete Mixer Exports in Latvia
In 2022, shipments abroad of concrete or mortar mixers decreased by -11.2% to 674 units, falling for the second year in a row after two years of growth. Overall, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +15.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -24.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 105% against the previous year. As a result, the exports reached the peak of 891 units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, concrete mixer exports declined remarkably to $483K in 2022. In general, exports, however, saw prominent growth. The growth pace was the most rapid in 2020 when exports increased by 192% against the previous year. As a result, the exports reached the peak of $1M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Concrete Mixer in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 185 | 615 | 823 | 320 | 20.0% |
| Lithuania | 121 | 353 | 143 | 117 | -1.1% |
| Estonia | 46.5 | 57.1 | 10.9 | 22.4 | -21.6% |
| Armenia | N/A | N/A | N/A | 16.7 | 0% |
| Turkey | N/A | N/A | N/A | 1.5 | 0% |
| Others | 1.0 | 6.8 | 36.3 | 5.5 | 76.5% |
| Total | 353 | 1,031 | 1,013 | 483 | 11.0% |
Top Export Markets for Concrete Mixer from Latvia in 2022:
- Lithuania (265.0 units)
- Armenia (208.0 units)
- Russia (129.0 units)
- Estonia (49.0 units)
- Turkey (14.0 units)
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