Latvia - Pumps For Dispensing Liquids - Market Analysis, Forecast, Size, Trends And Insights
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View PricingLiquid Dispensing Pump Price in Latvia - 2023
Contents:
- Liquid Dispensing Pump Price in Latvia (CIF) - 2022
- Liquid Dispensing Pump Price in Latvia (FOB) - 2022
- Liquid Dispensing Pump Imports in Latvia
- Liquid Dispensing Pump Exports in Latvia
Liquid Dispensing Pump Price in Latvia (CIF) - 2022
In 2022, the average liquid dispensing pump import price amounted to $257 per unit, reducing by -21.3% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 74% against the previous year. As a result, import price attained the peak level of $427 per unit. From 2016 to 2022, the average import prices remained 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 ($851 per unit), while the price for India ($86 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Liquid Dispensing Pump Price in Latvia (FOB) - 2022
The average liquid dispensing pump export price stood at $904 per unit in 2022, rising by 33% against the previous year. In general, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, liquid dispensing pump export price decreased by -16.5% against 2020 indices. The growth pace was the most rapid in 2014 when the average export price increased by 49%. Over the period under review, the average export prices reached the peak figure at $1,082 per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat 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 ($1,623 per unit), while the average price for exports to Poland ($81 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 Greece (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.
Liquid Dispensing Pump Imports in Latvia
In 2022, after three years of growth, there was significant decline in overseas purchases of pumps for dispensing liquids, when their volume decreased by -16.9% to 1.6K units. Overall, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 48% against the previous year. As a result, imports attained the peak of 2K units, and then contracted remarkably in the following year.
In value terms, liquid dispensing pump imports contracted sharply to $417K in 2022. In general, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 80% against the previous year. As a result, imports reached the peak of $637K, and then declined rapidly in the following year.
Import of Liquid Dispensing Pump in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lithuania | 61.0 | 53.9 | 119 | 97.9 | 17.1% |
China | 2.4 | 4.2 | 19.7 | 70.9 | 209.1% |
Germany | 30.1 | 47.5 | 29.8 | 68.9 | 31.8% |
Estonia | 4.9 | 16.9 | 16.4 | 54.9 | 123.8% |
Netherlands | 8.8 | 30.3 | 10.7 | 28.3 | 47.6% |
Italy | 11.8 | 64.3 | 242 | 24.6 | 27.7% |
Poland | 10.0 | 40.4 | 27.5 | 11.9 | 6.0% |
United Kingdom | 7.6 | 9.2 | 7.7 | 11.6 | 15.1% |
Sweden | 8.3 | 1.1 | 7.7 | 9.1 | 3.1% |
India | N/A | N/A | 7.0 | 7.8 | 11.4% |
Others | 119 | 86.7 | 149 | 30.9 | -36.2% |
Total | 263 | 354 | 637 | 417 | 16.6% |
Top Suppliers of Liquid Dispensing Pump to Latvia in 2022:
- Lithuania (541.0 units)
- Estonia (280.0 units)
- China (277.0 units)
- United Kingdom (102.0 units)
- Poland (97.0 units)
- India (91.0 units)
- Germany (81.0 units)
- Netherlands (42.0 units)
- Italy (40.0 units)
- Sweden (24.0 units)
Liquid Dispensing Pump Exports in Latvia
In 2022, overseas shipments of pumps for dispensing liquids decreased by -58.2% to 159 units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of 115%. As a result, the exports reached the peak of 380 units, and then dropped markedly in the following year.
In value terms, liquid dispensing pump exports declined significantly to $144K in 2022. Over the period under review, exports, however, saw strong growth. The growth pace was the most rapid in 2020 with an increase of 55%. Over the period under review, the exports attained the maximum at $259K in 2021, and then contracted rapidly in the following year.
Export of Liquid Dispensing Pump in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 31.0 | 117 | 119 | 109 | 52.1% |
Lithuania | 6.3 | 12.0 | 95.0 | 8.2 | 9.2% |
Sweden | N/A | 4.1 | 3.5 | 7.9 | 38.8% |
Estonia | 4.4 | 9.8 | 4.9 | 3.9 | -3.9% |
United States | N/A | N/A | N/A | 2.9 | 0% |
Vietnam | N/A | N/A | N/A | 2.0 | 0% |
Romania | N/A | N/A | 16.2 | 1.9 | -88.3% |
Greece | 0.8 | 1.0 | 0.5 | 1.7 | 28.6% |
Kazakhstan | 16.9 | 18.9 | 6.9 | 1.5 | -55.4% |
Uzbekistan | 13.2 | N/A | 5.0 | N/A | -38.5% |
North Macedonia | 3.1 | N/A | 1.1 | N/A | -40.4% |
Others | 48.1 | 28.6 | 6.7 | 4.9 | -53.3% |
Total | 124 | 191 | 259 | 144 | 5.1% |
Top Export Markets for Liquid Dispensing Pump from Latvia in 2022:
- Russia (67.0 units)
- United States (26.0 units)
- Lithuania (20.0 units)
- Vietnam (13.0 units)
- Estonia (11.0 units)
- Sweden (9.0 units)
- Greece (4.0 units)
- Romania (1.0 units)
- Kazakhstan (1.0 units)
This report provides an in-depth analysis of the liquid dispensing pump 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 28131125 - Pumps for dispensing liquids, fitted or designed to be fitted with a measuring device (excluding for fuel or lubricants)
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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In 2016, the amount of pump for liquid imported worldwide stood at X tons, approximately equating the previous year figure. Overall, pump for liquid imports continue to indicate a relatively flat ...
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