Price for Automatic Circuit Breakers for Under 1000 V in Latvia - 2024
Contents:
- Price for Automatic Circuit Breakers for Under 1000 V in Latvia (CIF) - 2024
- Price for Automatic Circuit Breakers for Under 1000 V in Latvia (FOB) - 2024
- Imports of Automatic Circuit Breakers for Under 1000 V in Latvia
- Exports of Automatic Circuit Breakers for Under 1000 V in Latvia
Price for Automatic Circuit Breakers for Under 1000 V in Latvia (CIF) - 2024
In February 2024, the average import price for automatic circuit breakers for under 1000 v amounted to $11.0 per unit, picking up by 27% against the previous month. Over the period under review, import price indicated slight growth from February 2023 to February 2024: its price increased at an average monthly rate of +1.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2024 figures, import price for automatic circuit breakers for under 1000 v increased by +28.5% against November 2023 indices. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 84% month-to-month. The import price peaked at $16.5 per unit in April 2023; however, from May 2023 to February 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In February 2024, the country with the highest price was Estonia ($33.2 per unit), while the price for China ($4.2 per unit) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Sweden (+0.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Automatic Circuit Breakers for Under 1000 V in Latvia (FOB) - 2024
The average export price for automatic circuit breakers for under 1000 v stood at $15.8 per unit in February 2024, therefore, remained relatively stable against the previous month. In general, export price indicated temperate growth from February 2023 to February 2024: its price increased at an average monthly rate of +3.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2024 figures, export price for automatic circuit breakers for under 1000 v decreased by -14.8% against November 2023 indices. The pace of growth was the most pronounced in September 2023 when the average export price increased by 75% against the previous month. The export price peaked at $18.6 per unit in November 2023; however, from December 2023 to February 2024, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Estonia ($30.5 per unit), while the average price for exports to Bulgaria ($9.3 per unit) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to Armenia (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Automatic Circuit Breakers for Under 1000 V in Latvia
Imports of automatic circuit breakers for under 1000 v into Latvia surged to 2.3M units in 2022, rising by 40% against the year before. In general, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +21.7% 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 +80.2% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 40% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, imports of automatic circuit breakers for under 1000 v soared to $20M in 2022. The total import value increased at an average annual rate of +13.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Automatic Circuit Breakers for Under 1000 V in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 6.0 | 5.8 | 7.1 | 7.9 | 9.6% |
| Sweden | 0.1 | 0.2 | 1.6 | 3.8 | 236.2% |
| Czech Republic | 0.5 | 1.2 | 1.0 | 2.0 | 58.7% |
| Estonia | 3.7 | 4.5 | 2.8 | 1.6 | -24.4% |
| Poland | 0.6 | 0.8 | 0.6 | 0.7 | 5.3% |
| Denmark | N/A | N/A | N/A | 0.6 | 0% |
| Lithuania | 0.3 | 0.4 | 0.8 | 0.6 | 26.0% |
| China | 0.1 | 0.1 | 0.1 | 0.4 | 58.7% |
| Germany | 0.9 | 1.2 | 0.1 | N/A | -66.7% |
| Others | 1.3 | 2.0 | 2.3 | 2.1 | 17.3% |
| Total | 13.6 | 16.1 | 16.4 | 19.8 | 13.3% |
Top Suppliers of Automatic Circuit Breakers for Under 1000 V to Latvia in 2022:
- Hungary (1113.5K units)
- Sweden (501.8K units)
- Czech Republic (250.9K units)
- Poland (93.3K units)
- Lithuania (73.3K units)
- China (71.1K units)
- Denmark (43.4K units)
- Estonia (33.1K units)
- Germany (3.0K units)
Exports of Automatic Circuit Breakers for Under 1000 V in Latvia
For the fourth consecutive year, Latvia recorded growth in overseas shipments of automatic circuit breakers for under 1000 v, which increased by 28% to 1.3M units in 2022. Overall, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +22.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +85.2% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of automatic circuit breakers for under 1000 v soared to $14M in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +24.3% 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 increased by +92.0% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Automatic Circuit Breakers for Under 1000 V in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 3.1 | 4.0 | 4.4 | 4.8 | 15.7% |
| Estonia | 2.1 | 2.1 | 2.7 | 3.7 | 20.8% |
| Italy | 0.5 | 0.3 | 0.7 | 1.2 | 33.9% |
| Germany | 0.1 | 0.6 | 0.7 | 1.2 | 128.9% |
| Netherlands | N/A | 0.4 | 0.7 | 1.0 | 58.1% |
| Poland | 0.1 | 0.7 | 0.2 | 0.5 | 71.0% |
| Slovakia | N/A | N/A | 0.2 | 0.2 | 0.0% |
| Others | 1.3 | 1.1 | 1.1 | 1.3 | 0.0% |
| Total | 7.2 | 9.2 | 10.8 | 13.9 | 24.5% |
Top Export Markets for Automatic Circuit Breakers for Under 1000 V from Latvia in 2022:
- Lithuania (543.1K units)
- Estonia (312.9K units)
- Germany (197.8K units)
- Italy (84.9K units)
- Netherlands (50.6K units)
- Poland (28.2K units)
- Slovakia (24.3K units)
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