Latvia - Precious Metal Watches - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrecious Metal Watch Price in Latvia - 2023
Contents:
- Precious Metal Watch Price in Latvia (FOB) - 2022
- Precious Metal Watch Price in Latvia (CIF) - 2022
- Precious Metal Watch Exports in Latvia
- Precious Metal Watch Imports in Latvia
Precious Metal Watch Price in Latvia (FOB) - 2022
The average precious metal watch export price stood at $246 per unit in 2022, increasing by 44% against the previous year. Over the period under review, the export price, however, recorded a abrupt descent. The export price peaked at $514 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($2,420 per unit), while the average price for exports to Japan ($52 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 Singapore (+34.3%), while the prices for the other major destinations experienced more modest paces of growth.
Precious Metal Watch Price in Latvia (CIF) - 2022
In 2022, the average precious metal watch import price amounted to $218 per unit, growing by 19% against the previous year. Overall, the import price, however, showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when the average import price increased by 31% against the previous year. The import price peaked at $368 per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($377 per unit), while the price for the UK ($44 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+21.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Precious Metal Watch Exports in Latvia
For the third year in a row, Latvia recorded decline in shipments abroad of precious metal watches, which decreased by -36.3% to 17K units in 2022. Over the period under review, exports continue to indicate a precipitous curtailment. The smallest decline of -0.6% was in 2020. The exports peaked at 35K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, precious metal watch exports contracted to $4.3M in 2022. Overall, exports showed a abrupt shrinkage. The smallest decline of -6.2% was in 2020. The exports peaked at $6.1M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
Export of Precious Metal Watch in Latvia (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ireland | N/A | N/A | 1,069 | 1,793 | 67.7% |
Poland | 1,007 | 512 | 519 | 470 | -22.4% |
Germany | 1,896 | 782 | 669 | 433 | -38.9% |
United Kingdom | 1,103 | 1,574 | 182 | 173 | -46.1% |
Slovakia | 712 | 662 | 726 | 172 | -37.7% |
Estonia | 336 | 442 | 22.8 | 145 | -24.4% |
Singapore | 25.8 | 27.4 | 39.8 | 108 | 61.2% |
Japan | 42.6 | 247 | 72.3 | 76.6 | 21.6% |
Greece | 187 | 28.3 | 21.6 | 66.1 | -29.3% |
Israel | 37.8 | 147 | 39.7 | 64.1 | 19.2% |
United Arab Emirates | N/A | N/A | 1.5 | 56.4 | 3660.0% |
Sweden | 70.8 | 7.6 | 51.0 | 42.4 | -15.7% |
Romania | 70.3 | 65.9 | 25.6 | 23.3 | -30.8% |
Others | 608 | 1,226 | 1,216 | 656 | 2.6% |
Total | 6,097 | 5,720 | 4,655 | 4,280 | -11.1% |
Top Export Markets for Precious Metal Watch from Latvia in 2022:
- Germany (4.0K units)
- Slovakia (2.4K units)
- Poland (2.2K units)
- Japan (1.5K units)
- Greece (1.0K units)
- Israel (0.9K units)
- Estonia (0.7K units)
- Ireland (0.7K units)
- Singapore (0.6K units)
- Sweden (0.6K units)
- Romania (0.4K units)
- United Arab Emirates (0.3K units)
- United Kingdom (0.3K units)
Precious Metal Watch Imports in Latvia
Precious metal watch imports into Latvia shrank remarkably to 12K units in 2022, waning by -33.1% against the year before. In general, imports saw a dramatic curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 0.3%. Imports peaked at 33K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, precious metal watch imports declined sharply to $2.6M in 2022. Overall, imports recorded a dramatic setback. The most prominent rate of growth was recorded in 2021 when imports increased by 32% against the previous year. Imports peaked at $5.3M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
Import of Precious Metal Watch in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 201 | 157 | 316 | 304 | 14.8% |
Italy | 54.0 | 18.5 | 106 | 242 | 64.9% |
Slovakia | 159 | 44.7 | 13.7 | 199 | 7.8% |
Lithuania | 708 | 258 | 609 | 174 | -37.4% |
Estonia | 601 | 135 | 222 | 173 | -34.0% |
Cyprus | N/A | N/A | 170 | 105 | -38.2% |
Croatia | 1,055 | 407 | 123 | 101 | -54.3% |
China | 0.1 | 0.5 | 199 | 99.9 | 899.7% |
Czech Republic | 150 | 91.1 | 279 | 77.2 | -19.9% |
Portugal | N/A | 24.7 | 0.9 | 61.4 | 57.7% |
Hungary | N/A | 148 | 141 | 12.6 | -70.8% |
Spain | 7.4 | 57.2 | 122 | 3.7 | -20.6% |
United Kingdom | 82.8 | 178 | 3.7 | 3.5 | -65.2% |
Others | 2,260 | 969 | 976 | 1,049 | -22.6% |
Total | 5,279 | 2,489 | 3,280 | 2,606 | -21.0% |
Top Suppliers of Precious Metal Watch to Latvia in 2022:
- Croatia (1749.0 units)
- Germany (1569.0 units)
- China (1386.0 units)
- Lithuania (1012.0 units)
- Cyprus (798.0 units)
- Slovakia (754.0 units)
- Estonia (744.0 units)
- Czech Republic (729.0 units)
- Portugal (709.0 units)
- Italy (641.0 units)
- Hungary (134.0 units)
- United Kingdom (80.0 units)
- Spain (49.0 units)
This report provides an in-depth analysis of the precious metal watch 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 26521100 - Wrist-watches, pocket-watches, with case of precious metal or of metal clad with precious 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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