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Latvia - Horizontal Machining Centres For Working Metal - Market Analysis, Forecast, Size, Trends And Insights
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View PricingHorizontal Machining Centre Price in Latvia - 2023
Contents:
- Horizontal Machining Centre Price in Latvia (CIF) - 2022
- Horizontal Machining Centre Price in Latvia (FOB) - 2022
- Horizontal Machining Centre Imports in Latvia
- Horizontal Machining Centre Exports in Latvia
Horizontal Machining Centre Price in Latvia (CIF) - 2022
In 2022, the average horizontal machining centre import price amounted to $26,090 per unit, dropping by -11.3% against the previous year. Over the period under review, the import price saw a abrupt setback. The most prominent rate of growth was recorded in 2014 an increase of 162% against the previous year. The import price peaked at $261,708 per unit in 2016; however, from 2017 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 ($130,441 per unit), while the price for Estonia ($1,595 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+31.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Horizontal Machining Centre Price in Latvia (FOB) - 2022
The average horizontal machining centre export price stood at $77,608 per unit in 2022, jumping by 144% against the previous year. In general, the export price recorded noticeable growth. The growth pace was the most rapid in 2015 when the average export price increased by 228%. The export price peaked at $191,003 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($511,977 per unit), while the average price for exports to Hungary ($1,724 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 Romania (+459.2%), while the prices for the other major destinations experienced more modest paces of growth.
Horizontal Machining Centre Imports in Latvia
For the fourth year in a row, Latvia recorded growth in supplies from abroad of horizontal machining centres for working metal, which increased by 107% to 147 units in 2022. Overall, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, horizontal machining centre imports skyrocketed to $3.8M in 2022. Over the period under review, imports recorded prominent growth. Over the period under review, imports reached the maximum at $4.4M in 2020; however, from 2021 to 2022, imports failed to regain momentum.
Import of Horizontal Machining Centre in Latvia (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 788 | 2,619 | 650 | 1,696 | 29.1% |
Italy | 1,394 | 795 | 807 | 1,355 | -0.9% |
Lithuania | N/A | N/A | 62.7 | 399 | 536.4% |
China | N/A | N/A | N/A | 158 | 0% |
Taiwan (Chinese) | N/A | 53.5 | 342 | 96.1 | 34.0% |
Poland | 1.7 | 37.2 | N/A | 56.1 | 220.8% |
Belgium | 50.4 | 21.8 | 12.3 | 26.8 | -19.0% |
Switzerland | N/A | N/A | N/A | 9.5 | 0% |
Estonia | N/A | N/A | 38.5 | 1.6 | -95.8% |
South Korea | 353 | N/A | 77.2 | N/A | -53.2% |
United Kingdom | 48.0 | 11.0 | N/A | N/A | -77.1% |
Others | 52.9 | 862 | 99.0 | 37.1 | -11.2% |
Total | 2,687 | 4,400 | 2,088 | 3,835 | 12.6% |
Top Suppliers of Horizontal Machining Centre to Latvia in 2022:
- Italy (20.0 units)
- Germany (13.0 units)
- Lithuania (6.0 units)
- China (5.0 units)
- Estonia (1.0 units)
- Taiwan (Chinese) (1.0 units)
- Poland (1.0 units)
- Belgium (1.0 units)
- Switzerland (1.0 units)
Horizontal Machining Centre Exports in Latvia
In 2022, shipments abroad of horizontal machining centres for working metal decreased by -49.2% to 31 units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, recorded a strong expansion. The growth pace was the most rapid in 2021 when exports increased by 97%. As a result, the exports reached the peak of 61 units, and then declined significantly in the following year.
In value terms, horizontal machining centre exports surged to $2.4M in 2022. Overall, exports showed a drastic downturn. The exports peaked at $3.3M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
Export of Horizontal Machining Centre in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lithuania | 1,314 | 924 | 723 | 1,378 | 1.6% |
Czech Republic | N/A | N/A | N/A | 512 | 0% |
Estonia | 591 | 37.5 | 322 | 197 | -30.7% |
Russia | 1,332 | 1,512 | 632 | 141 | -52.7% |
Uzbekistan | N/A | N/A | N/A | 54.2 | 0% |
Sweden | N/A | N/A | N/A | 53.6 | 0% |
Romania | N/A | N/A | 7.5 | 41.8 | 457.3% |
Serbia | N/A | N/A | N/A | 26.5 | 0% |
Hungary | N/A | 29.0 | 20.9 | 1.7 | -75.8% |
Spain | N/A | 90.1 | 3.5 | N/A | -96.1% |
Ireland | N/A | 106 | 83.1 | N/A | -21.6% |
Germany | N/A | 53.3 | 43.1 | N/A | -19.1% |
Belarus | 54.0 | 96.2 | N/A | N/A | 78.1% |
Others | N/A | N/A | 101 | N/A | 0% |
Total | 3,291 | 2,848 | 1,936 | 2,406 | -9.9% |
Top Export Markets for Horizontal Machining Centre from Latvia in 2022:
- Lithuania (8.0 units)
- Estonia (2.0 units)
- Sweden (2.0 units)
- Romania (1.0 units)
- Czech Republic (1.0 units)
- Serbia (1.0 units)
- Uzbekistan (1.0 units)
- Hungary (1.0 units)
- Russia (1.0 units)
This report provides an in-depth analysis of the horizontal machining centre 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 28411220 - Horizontal machining centres for working metal
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
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Explore the top import markets for horizontal machining centres and key statistics based on data from the IndexBox market intelligence platform.
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