Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Latvia - 2023
Contents:
- Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Latvia (CIF) - 2022
- Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Latvia (FOB) - 2022
- Imports of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Latvia
- Exports of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Latvia
Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Latvia (CIF) - 2022
The average import price for blades; cutting, serrated or not, excluding those of heading no. 8208s stood at $1.2 per unit in 2022, picking up by 6.2% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for blades; cutting, serrated or not, excluding those of heading no. 8208s decreased by -1.9% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 59% against the previous year. The import price peaked at $1.3 per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Estonia ($3.7 per unit), while the price for China ($0.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Latvia (FOB) - 2022
The average export price for blades; cutting, serrated or not, excluding those of heading no. 8208s stood at $1.1 per unit in 2022, growing by 39% against the previous year. Overall, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for blades; cutting, serrated or not, excluding those of heading no. 8208s increased by +74.7% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Estonia ($1.2 per unit), while the average price for exports to Romania ($0.7 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 Netherlands (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Latvia
In 2022, approx. 529K units of blades; cutting, serrated or not, excluding those of heading no. 8208s were imported into Latvia; growing by 13% against 2021 figures. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +16.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.2% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 25% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of blades; cutting, serrated or not, excluding those of heading no. 8208s skyrocketed to $624K in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +24.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +92.8% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 39%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Import of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 22.5 | 65.2 | 89.7 | 219 | 113.5% |
| China | 102 | 96.7 | 114 | 145 | 12.4% |
| Poland | 87.5 | 144 | 126 | 127 | 13.2% |
| Estonia | 37.8 | 59.4 | 63.0 | 58.7 | 15.8% |
| Lithuania | 15.3 | 22.6 | 22.0 | 17.1 | 3.8% |
| United Kingdom | 29.2 | 17.8 | 20.8 | 16.6 | -17.2% |
| Others | 29.6 | 44.7 | 83.9 | 40.8 | 11.3% |
| Total | 324 | 451 | 519 | 624 | 24.4% |
Top Suppliers of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 to Latvia in 2022:
- China (208.1K units)
- Germany (195.3K units)
- Poland (78.5K units)
- Estonia (15.9K units)
- Lithuania (12.0K units)
- United Kingdom (7.7K units)
Exports of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Latvia
In 2022, overseas shipments of blades; cutting, serrated or not, excluding those of heading no. 8208s were finally on the rise to reach 172K units after two years of decline. In general, exports, however, showed a deep slump. Over the period under review, the exports of attained the peak figure at 206K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of blades; cutting, serrated or not, excluding those of heading no. 8208s soared to $185K in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +13.5% 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 +46.3% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 71.9 | 66.6 | 51.4 | 79.5 | 3.4% |
| Estonia | 21.7 | 21.7 | 28.5 | 37.4 | 19.9% |
| Lithuania | 28.9 | 27.4 | 32.2 | 36.6 | 8.2% |
| Netherlands | 0.1 | 1.5 | 1.9 | 10.9 | 377.7% |
| Romania | 0.1 | 1.3 | 1.5 | 1.9 | 166.8% |
| Others | 4.2 | 11.0 | 13.0 | 19.1 | 65.7% |
| Total | 127 | 129 | 128 | 185 | 13.4% |
Top Export Markets for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 from Latvia in 2022:
- Russia (73.6K units)
- Lithuania (36.9K units)
- Estonia (31.4K units)
- Netherlands (9.7K units)
- Romania (2.6K units)
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