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Latvia - Lasers, Other Than Laser Diodes - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLaser Price in Latvia - 2023
Contents:
- Laser Price in Latvia (CIF) - 2022
- Laser Price in Latvia (FOB) - 2022
- Laser Imports in Latvia
- Laser Exports in Latvia
Laser Price in Latvia (CIF) - 2022
The average laser import price stood at $29 per unit in 2022, with an increase of 74% against the previous year. Over the period under review, the import price, however, continues to indicate a drastic downturn. Over the period under review, average import prices reached the maximum at $139 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 Germany ($92 per unit), while the price for Lithuania ($3.9 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.0%), while the prices for the other major suppliers experienced a decline.
Laser Price in Latvia (FOB) - 2022
In 2022, the average laser export price amounted to $88 per unit, reducing by -22% against the previous year. Over the period under review, the export price, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2020 when the average export price increased by 169%. As a result, the export price reached the peak level of $126 per unit. From 2021 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 ($253 per unit), while the average price for exports to Lithuania ($34 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 the UK (+43.0%), while the prices for the other major destinations experienced mixed trend patterns.
Laser Imports in Latvia
In 2022, purchases abroad of lasers, other than laser diodes decreased by -39.6% to 82K units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 426% against the previous year. Imports peaked at 136K units in 2021, and then reduced dramatically in the following year.
In value terms, laser imports reached $2.3M in 2022. Over the period under review, imports, however, recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of 54%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.
Import of Laser in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 26.4 | 178 | 386 | 1,228 | 259.6% |
Sweden | 42.6 | 10.5 | 940 | 570 | 137.4% |
Germany | 123 | 275 | 88.6 | 254 | 27.3% |
Netherlands | 17.0 | 448 | 177 | 70.5 | 60.7% |
United Kingdom | 159 | 2.8 | 11.6 | 65.0 | -25.8% |
Lithuania | 15.8 | 22.3 | 242 | 8.7 | -18.0% |
Others | 624 | 619 | 393 | 150 | -37.8% |
Total | 1,007 | 1,555 | 2,239 | 2,345 | 32.5% |
Top Suppliers of Laser to Latvia in 2022:
- Sweden (46.7K units)
- China (17.5K units)
- Netherlands (5.9K units)
- Germany (2.8K units)
- Lithuania (2.2K units)
- United Kingdom (1.8K units)
Laser Exports in Latvia
Laser exports from Latvia surged to 3.7K units in 2022, picking up by 16% compared with 2021. Over the period under review, exports, however, showed a abrupt decrease. Over the period under review, the exports attained the maximum at 4.5K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, laser exports dropped to $327K in 2022. Overall, total exports indicated a prominent expansion from 2019 to 2022: its value 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 -10.7% against 2020 indices. The growth pace was the most rapid in 2020 when exports increased by 73%. As a result, the exports reached the peak of $366K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
Export of Laser in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | N/A | 7.3 | 40.8 | 91.9 | 254.8% |
Germany | 9.9 | 0.5 | 23.3 | 71.1 | 92.9% |
Israel | N/A | N/A | 17.7 | 49.2 | 178.0% |
Italy | N/A | 44.7 | 16.2 | 33.0 | -14.1% |
Russia | 166 | 143 | 82.0 | 27.4 | -45.1% |
Poland | N/A | N/A | 10.5 | 22.1 | 110.5% |
Lithuania | 4.7 | 13.8 | 3.9 | 6.8 | 13.1% |
Estonia | 16.6 | 13.3 | 3.6 | 2.8 | -44.7% |
France | N/A | 83.3 | 8.0 | N/A | -90.4% |
India | 13.4 | 47.1 | 46.7 | N/A | 86.7% |
Others | 1.0 | 12.8 | 107 | 22.6 | 182.7% |
Total | 211 | 366 | 360 | 327 | 15.7% |
Top Export Markets for Laser from Latvia in 2022:
- Germany (1493.0 units)
- Israel (624.0 units)
- United Kingdom (433.0 units)
- Italy (363.0 units)
- Poland (332.0 units)
- Lithuania (199.0 units)
- Russia (108.0 units)
- Estonia (51.0 units)
This report provides an in-depth analysis of the laser 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 26702330 - Lasers (excluding laser diodes, machines and appliances incorporating lasers)
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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