Price for Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in Latvia - 2023

Contents:

  1. Price for Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in Latvia (CIF) - 2022
  2. Price for Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in Latvia (FOB) - 2022
  3. Imports of Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in Latvia
  4. Exports of Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in Latvia

Price for Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in Latvia (CIF) - 2022

The average import price for electric generators stood at $6,779 per unit in 2022, shrinking by -78.2% against the previous year. Over the period under review, the import price saw a abrupt decline. The growth pace was the most rapid in 2019 when the average import price increased by 188% against the previous year. Over the period under review, average import prices reached the maximum at $31,077 per unit in 2021, and then plummeted in the following year.

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 France ($11,640 per unit), while the price for the United States ($63 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+17.0%), while the prices for the other major suppliers experienced a decline.

Price for Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in Latvia (FOB) - 2022

In 2022, the average export price for electric generators amounted to $2,797 per unit, with a decrease of -76.4% against the previous year. Overall, the export price recorded a deep slump. The most prominent rate of growth was recorded in 2019 an increase of 2,004% against the previous year. As a result, the export price attained the peak level of $184,628 per unit. From 2020 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($26,721 per unit), while the average price for exports to Turkey ($12 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 Lithuania (+183.8%).

Imports of Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in Latvia

In 2022, the amount of electric generators imported into Latvia skyrocketed to 111 units, growing by 102% against the previous year. Overall, imports posted a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 400%. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, imports of electric generators shrank notably to $753K in 2022. Over the period under review, imports showed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 372%. Over the period under review, imports of hit record highs at $1.7M in 2021, and then shrank rapidly in the following year.

Import of Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in Latvia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Romania1256181,54234640.4%
FranceN/A31.1118268193.6%
ItalyN/AN/AN/A68.90%
United KingdomN/AN/AN/A46.70%
FinlandN/AN/AN/A22.10%
United StatesN/AN/AN/A0.20%
Others12.90.249.00.7-62.1%
Total1386501,70975376.1%

Top Suppliers of Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA to Latvia in 2022:

  1. Romania (59.0 units)
  2. France (23.0 units)
  3. Italy (11.0 units)
  4. United Kingdom (11.0 units)
  5. United States (3.0 units)
  6. Finland (3.0 units)

Exports of Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in Latvia

For the fourth consecutive year, Latvia recorded growth in shipments abroad of electric generators, which increased by 1,475% to 63 units in 2022. In general, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of electric generators skyrocketed to $176K in 2022. Over the period under review, exports, however, saw a slight reduction. The exports peaked at $185K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in Latvia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
LithuaniaN/AN/AN/A1070%
SloveniaN/AN/AN/A68.60%
TurkeyN/AN/AN/A0.70%
AustriaN/AN/A12.6N/A0%
Others18537.734.9N/A-56.6%
Total18537.747.5176-1.6%

Top Export Markets for Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA from Latvia in 2022:

  1. Turkey (55.0 units)
  2. Slovenia (4.0 units)
  3. Lithuania (4.0 units)

Source: IndexBox Market Intelligence Platform

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