Latvia - Machines For Balancing Mechanical Parts - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingPrice for Balancing Mechanical Parts Machine in Latvia - 2023
Contents:
- Price for Balancing Mechanical Parts Machine in Latvia (CIF) - 2022
- Price for Balancing Mechanical Parts Machine in Latvia (FOB) - 2022
- Imports of Balancing Mechanical Parts Machine in Latvia
- Exports of Balancing Mechanical Parts Machine in Latvia
Price for Balancing Mechanical Parts Machine in Latvia (CIF) - 2022
In 2022, the average balancing mechanical parts machine import price amounted to $1,596 per unit, jumping by 46% against the previous year. In general, the import price saw a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $3,060 per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($4,178 per unit), while the price for Poland ($816 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Balancing Mechanical Parts Machine in Latvia (FOB) - 2022
The average balancing mechanical parts machine export price stood at $950 per unit in 2022, shrinking by -27.7% against the previous year. Over the period under review, the export price, however, enjoyed a modest increase. The most prominent rate of growth was recorded in 2013 an increase of 152%. As a result, the export price reached the peak level of $2,014 per unit. From 2014 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($2,772 per unit), while the average price for exports to Finland ($291 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 Sweden (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Balancing Mechanical Parts Machine in Latvia
In 2022, the amount of machines for balancing mechanical parts imported into Latvia shrank notably to 262 units, which is down by -42.5% against 2021 figures. In general, imports showed a abrupt slump. The pace of growth was the most pronounced in 2021 when imports increased by 63% against the previous year. As a result, imports reached the peak of 456 units, and then reduced dramatically in the following year.
In value terms, balancing mechanical parts machine imports reduced sharply to $418K in 2022. Over the period under review, imports showed a slight setback. The pace of growth was the most pronounced in 2021 with an increase of 76%. As a result, imports reached the peak of $499K, and then declined significantly in the following year.
Import of Balancing Mechanical Parts Machine in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 49.5 | 76.9 | 79.3 | 112 | 31.3% |
Lithuania | 28.2 | 26.3 | 65.1 | 81.5 | 42.4% |
Germany | 136 | 74.5 | 138 | 72.0 | -19.1% |
Estonia | 33.1 | 19.1 | 46.7 | 52.0 | 16.2% |
United States | 13.3 | 13.0 | 0.1 | 37.6 | 41.4% |
Poland | 13.8 | 22.8 | 52.8 | 25.3 | 22.4% |
China | 47.1 | 38.1 | 93.1 | 23.4 | -20.8% |
United Kingdom | N/A | N/A | 5.4 | 0.2 | -96.3% |
Russia | 59.4 | N/A | N/A | N/A | 0% |
Others | 59.4 | 13.4 | 17.9 | 13.8 | -38.5% |
Total | 440 | 284 | 499 | 418 | -1.7% |
Top Suppliers of Balancing Mechanical Parts Machine to Latvia in 2022:
- Lithuania (61.0 units)
- Italy (51.0 units)
- Estonia (44.0 units)
- Germany (33.0 units)
- Poland (31.0 units)
- China (21.0 units)
- United States (9.0 units)
- United Kingdom (1.0 units)
Exports of Balancing Mechanical Parts Machine in Latvia
In 2022, approx. 61 units of machines for balancing mechanical parts were exported from Latvia; increasing by 69% against the year before. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 89% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, balancing mechanical parts machine exports soared to $58K in 2022. Overall, exports recorded a strong expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 118% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
Export of Balancing Mechanical Parts Machine in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Estonia | 4.0 | 7.6 | 2.8 | 22.5 | 77.8% |
Lithuania | 35.1 | 3.9 | 25.7 | 13.7 | -26.9% |
Russia | 4.2 | 10.1 | 7.1 | 11.6 | 40.3% |
Sweden | N/A | N/A | 7.3 | 5.5 | -24.7% |
Poland | 0.1 | N/A | N/A | 2.6 | 196.2% |
Ireland | N/A | N/A | N/A | 1.7 | 0% |
Finland | N/A | 0.1 | N/A | 0.3 | 73.2% |
Others | 4.9 | N/A | 4.5 | N/A | -4.2% |
Total | 48.2 | 21.7 | 47.3 | 58.0 | 6.4% |
Top Export Markets for Balancing Mechanical Parts Machine from Latvia in 2022:
- Estonia (36.0 units)
- Lithuania (13.0 units)
- Russia (6.0 units)
- Poland (2.0 units)
- Sweden (2.0 units)
- Finland (1.0 units)
- Ireland (1.0 units)
This report provides an in-depth analysis of the market for balancing mechanical parts machine 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 28993970 - Machines for balancing mechanical parts
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.
-
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
-
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
-
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
-
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
-
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
-
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
-
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 market for balancing mechanical parts machine in Latvia.
This report provides an in-depth analysis of the market for geometrical quantities electronic measurer in Latvia.
This report provides an in-depth analysis of the test bench market in Latvia.
This report provides an in-depth analysis of the zinc powder market in Latvia.
This report provides an in-depth analysis of the market for saturated chlorinated acyclic hydrocarbon derivatives other than chloro- and dichloromethane, chloro- and dichloroethane, chloroform, carbon tetrachloride, dichloropropane and dichlorobutanes in Latvia.
This report provides an in-depth analysis of the market for polystyrene in primary forms in Latvia.
This report provides an in-depth analysis of the polystyrene market in Latvia.
This report provides an in-depth analysis of the inflatable vessel market in Latvia.
This report provides an in-depth analysis of the expansible polystyrene market in Latvia.
This report provides an in-depth analysis of the dichloromethane market in Latvia.
Explore the top import markets for Geometrical Quantities Electronic Measurers in 2023. Learn about the key players driving the global market for electronic measuring devices.
In value terms, zinc dust, powders and flakes imports amounted to $X in 2016. In general, zinc dust, powders and flakes imports continue to indicate a drastic curtailment. Global zinc dust, powders...
In value terms, zinc dust, powders and flakes exports stood at $X in 2016. Overall, zinc dust, powders and flakes exports continue to indicate a drastic drop. Global zinc dust, powders and flakes e...
Explore the world's top import markets for polystyrene in primary forms, including key statistics and numbers from the IndexBox market intelligence platform.
Explore the world's best import markets for polystyrene with key statistics and data. Discover the leading countries and their import values of polystyrene. Gain insights from the IndexBox market intelligence platform.
In 2016, the amount of polystyrene imported worldwide amounted to X tons, coming up by X% against the previous year figure. Overall, polystyrene imports continue to indicate a relatively flat tren...
In 2016, the amount of polystyrene imported worldwide amounted to X tons, coming up by X% against the previous year figure. Overall, polystyrene imports continue to indicate a relatively flat tren...
Explore the top import markets for Geometrical Quantities Electronic Measurers in 2023. Learn about the key players driving the global market for electronic measuring devices.