Latvia - Self-Propelled Bulldozers (360° Rotation) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFull-Rotation Excavator Price in Latvia - 2023
Contents:
- Full-Rotation Excavator Price in Latvia (CIF) - 2023
- Full-Rotation Excavator Price in Latvia (FOB) - 2023
- Full-Rotation Excavator Imports in Latvia
- Full-Rotation Excavator Exports in Latvia
Full-Rotation Excavator Price in Latvia (CIF) - 2023
In September 2023, the average full-rotation excavator import price amounted to $55,729 per unit, with a decrease of -53.8% against the previous month. Overall, the import price showed a pronounced decrease. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 34% month-to-month. The import price peaked at $154K per unit in July 2023; however, from August 2023 to September 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the Czech Republic ($223K per unit), while the price for Switzerland ($26,122 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Norway (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Full-Rotation Excavator Price in Latvia (FOB) - 2023
In September 2023, the average full-rotation excavator export price amounted to $84,424 per unit, growing by 22% against the previous month. Overall, the export price, however, recorded a slight decrease. The most prominent rate of growth was recorded in February 2023 an increase of 194% month-to-month. The export price peaked at $184K per unit in April 2023; however, from May 2023 to September 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was Estonia ($132K per unit), while the average price for exports to Montenegro ($18,116 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.
Full-Rotation Excavator Imports in Latvia
In 2022, the amount of self-propelled full-rotation excavators and bulldozers imported into Latvia rose slightly to 317 units, with an increase of 2.6% compared with the previous year's figure. The total import volume increased at an average annual rate of +1.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 40% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, full-rotation excavator imports rose remarkably to $30M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +11.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 62%. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Full-Rotation Excavator in Latvia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 1.1 | 2.2 | 2.6 | 6.2 | 78.0% |
Estonia | 3.0 | 2.9 | 2.6 | 4.6 | 15.3% |
France | 1.3 | 1.0 | 3.6 | 4.0 | 45.4% |
Belgium | 3.1 | 2.3 | 5.1 | 2.6 | -5.7% |
China | 1.3 | 1.0 | 2.6 | 2.5 | 24.4% |
Italy | 1.3 | 1.1 | 2.1 | 2.1 | 17.3% |
Lithuania | 0.6 | 0.9 | 1.0 | 1.9 | 46.8% |
Netherlands | 2.6 | 1.4 | 2.0 | 1.7 | -13.2% |
United Kingdom | 1.8 | 0.8 | 0.1 | 1.3 | -10.3% |
Sweden | 2.8 | 2.7 | 2.3 | 0.9 | -31.5% |
Czech Republic | 0.7 | 0.2 | 0.8 | 0.4 | -17.0% |
Others | 2.1 | 1.3 | 3.8 | 2.3 | 3.1% |
Total | 21.8 | 17.7 | 28.7 | 30.3 | 11.6% |
Top Suppliers of Full-Rotation Excavator to Latvia in 2022:
- Germany (73.0 units)
- Estonia (56.0 units)
- France (41.0 units)
- Lithuania (27.0 units)
- Belgium (24.0 units)
- United Kingdom (18.0 units)
- China (15.0 units)
- Italy (14.0 units)
- Netherlands (11.0 units)
- Sweden (11.0 units)
- Czech Republic (6.0 units)
Full-Rotation Excavator Exports in Latvia
In 2022, overseas shipments of self-propelled full-rotation excavators and bulldozers decreased by -36.7% to 57 units, falling for the second consecutive year after two years of growth. Overall, exports recorded a pronounced descent. The most prominent rate of growth was recorded in 2020 when exports increased by 84%. As a result, the exports reached the peak of 112 units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, full-rotation excavator exports dropped remarkably to $3.9M in 2022. Over the period under review, exports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 131%. As a result, the exports attained the peak of $6.3M. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Full-Rotation Excavator in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lithuania | 1,404 | 2,588 | 1,890 | 1,407 | 0.1% |
Estonia | 504 | 838 | 734 | 1,355 | 39.0% |
Germany | N/A | 52.3 | 459 | 556 | 226.1% |
Poland | 35.5 | 218 | 372 | 186 | 73.7% |
Austria | N/A | N/A | N/A | 115 | 0% |
Russia | 265 | 313 | 539 | 101 | -27.5% |
Spain | N/A | N/A | N/A | 71.7 | 0% |
Netherlands | 290 | 180 | 734 | 39.8 | -48.4% |
Portugal | N/A | N/A | N/A | 21.1 | 0% |
Kazakhstan | N/A | 1,195 | N/A | N/A | 0% |
Romania | N/A | 488 | 75.4 | N/A | -84.5% |
Others | 242 | 444 | 1,001 | 29.4 | -50.5% |
Total | 2,741 | 6,318 | 5,804 | 3,882 | 12.3% |
Top Export Markets for Full-Rotation Excavator from Latvia in 2022:
- Estonia (23.0 units)
- Lithuania (20.0 units)
- Germany (5.0 units)
- Poland (2.0 units)
- Austria (2.0 units)
- Netherlands (1.0 units)
- Portugal (1.0 units)
- Russia (1.0 units)
- Spain (1.0 units)
This report provides an in-depth analysis of the full-rotation excavator 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 28922600 - Self-propelled bulldozers... with a .360
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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