Latvia - Interchangeable Spanner Sockets - Market Analysis, Forecast, Size, Trends And Insights
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View PricingInterchangeable Spanner Socket Price in Latvia - 2023
Contents:
- Interchangeable Spanner Socket Price in Latvia (CIF) - 2023
- Interchangeable Spanner Socket Price in Latvia (FOB) - 2022
- Interchangeable Spanner Socket Imports in Latvia
- Interchangeable Spanner Socket Exports in Latvia
Interchangeable Spanner Socket Price in Latvia (CIF) - 2023
The average interchangeable spanner socket import price stood at $13,526 per ton in September 2023, picking up by 30% against the previous month. Overall, the import price saw a moderate increase. The most prominent rate of growth was recorded in May 2023 an increase of 148% month-to-month. As a result, import price attained the peak level of $15,304 per ton. From June 2023 to September 2023, the average import prices remained at a 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 Germany ($33,704 per ton), while the price for China ($8,154 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Interchangeable Spanner Socket Price in Latvia (FOB) - 2022
In 2022, the average interchangeable spanner socket export price amounted to $11,711 per ton, waning by -14.3% against the previous year. Overall, the export price continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2014 when the average export price increased by 60%. As a result, the export price attained the peak level of $21,994 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($18,182 per ton), while the average price for exports to Estonia ($10,335 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (-1.7%), while the prices for the other major destinations experienced a decline.
Interchangeable Spanner Socket Imports in Latvia
For the fourth consecutive year, Latvia recorded growth in overseas purchases of interchangeable spanner sockets, which increased by 31% to 214 tons in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +14.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.5% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, interchangeable spanner socket imports stood at $2.1M in 2022. The total import value increased at an average annual rate of +12.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
Import of Interchangeable Spanner Socket in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | 473 | 458 | 498 | 667 | 12.1% |
Germany | 270 | 297 | 371 | 405 | 14.5% |
Lithuania | 260 | 228 | 331 | 292 | 3.9% |
Estonia | 218 | 238 | 313 | 280 | 8.7% |
China | 64.2 | 130 | 120 | 180 | 41.0% |
Austria | 22.3 | 26.3 | 41.4 | 85.8 | 56.7% |
Sweden | 67.2 | 54.5 | 68.7 | 75.3 | 3.9% |
Taiwan (Chinese) | 27.7 | 48.6 | 35.8 | 46.1 | 18.5% |
Others | 95.4 | 75.8 | 91.6 | 108 | 4.2% |
Total | 1,498 | 1,556 | 1,870 | 2,139 | 12.6% |
Top Suppliers of Interchangeable Spanner Socket to Latvia in 2022:
- Poland (74.2 tons)
- Germany (48.7 tons)
- Estonia (25.0 tons)
- China (24.2 tons)
- Lithuania (20.8 tons)
- Austria (7.0 tons)
- Taiwan (Chinese) (5.4 tons)
- Sweden (3.7 tons)
Interchangeable Spanner Socket Exports in Latvia
In 2022, the amount of interchangeable spanner sockets exported from Latvia soared to 24 tons, with an increase of 42% compared with the previous year's figure. In general, exports continue to indicate a mild expansion.
In value terms, interchangeable spanner socket exports skyrocketed to $276K in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 28%. As a result, the exports attained the peak of $361K. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Interchangeable Spanner Socket in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lithuania | 143 | 247 | 125 | 134 | -2.1% |
Estonia | 39.6 | 51.6 | 51.8 | 75.9 | 24.2% |
Poland | 78.0 | 30.8 | 6.1 | 27.3 | -29.5% |
Sweden | 3.5 | 1.7 | 10.9 | 17.1 | 69.7% |
Finland | 9.5 | 22.5 | 6.4 | 7.3 | -8.4% |
Russia | 0.9 | 2.0 | 7.1 | 7.1 | 99.1% |
Others | 7.8 | 5.7 | 20.7 | 7.6 | -0.9% |
Total | 282 | 361 | 228 | 276 | -0.7% |
Top Export Markets for Interchangeable Spanner Socket from Latvia in 2022:
- Lithuania (12.1 tons)
- Estonia (7.3 tons)
- Poland (2.2 tons)
- Sweden (1.0 tons)
- Russia (0.4 tons)
- Finland (0.3 tons)
This report provides an in-depth analysis of the interchangeable spanner socket 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 25733037 - Interchangeable spanner sockets
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
This report provides an in-depth analysis of the interchangeable spanner socket market in Latvia.
This report provides an in-depth analysis of the hand tools market in Latvia.
This report provides an in-depth analysis of the manifold business form market in Latvia.
This report provides an in-depth analysis of the global interchangeable spanner socket market.
This report provides an in-depth analysis of the global hand tools market.
This report provides an in-depth analysis of the global manifold business form market.
This report provides an in-depth analysis of the interchangeable spanner socket market in Latvia.
This report provides an in-depth analysis of the global interchangeable spanner socket market.
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