Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Latvia - 2023
Contents:
- Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Latvia (CIF) - 2022
- Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Latvia (FOB) - 2022
- Imports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Latvia
- Exports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Latvia
Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Latvia (CIF) - 2022
The average import price for furnaces and ovens; industrial or laboratory induction or dielectrics stood at $2,919 per unit in 2022, picking up by 154% against the previous year. In general, the import price enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 an increase of 1,676% against the previous year. As a result, import price reached the peak level of $7,694 per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
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 Italy ($5,375 per unit), while the price for the UK ($175 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+147.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Latvia (FOB) - 2022
The average export price for furnaces and ovens; industrial or laboratory induction or dielectrics stood at $2,012 per unit in 2022, standing approx. at the previous year. In general, the export price continues to indicate a sharp descent. The most prominent rate of growth was recorded in 2019 an increase of 11,800%. Over the period under review, the average export prices hit record highs at $185,960 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
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 Russia ($3,504 per unit), while the average price for exports to Moldova ($189 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 Estonia (+23.5%), while the prices for the other major destinations experienced a decline.
Imports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Latvia
In 2022, imports of furnaces and ovens; industrial or laboratory induction or dielectrics into Latvia fell notably to 184 units, declining by -31.9% against 2021 figures. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 101%. As a result, imports attained the peak of 270 units, and then declined remarkably in the following year.
In value terms, imports of furnaces and ovens; industrial or laboratory induction or dielectrics soared to $520K in 2022. Over the period under review, imports, however, recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 1.3 | 12.0 | 25.9 | 69.2 | 276.2% |
| Estonia | 21.4 | 28.0 | 52.7 | 21.6 | 0.3% |
| Italy | 9.3 | 4.8 | 34.3 | 16.1 | 20.1% |
| Netherlands | 0.2 | N/A | N/A | 16.1 | 331.8% |
| Poland | N/A | 0.2 | 20.6 | 8.4 | 548.1% |
| Belgium | 5.9 | N/A | 8.1 | 7.7 | 9.3% |
| Germany | 69.6 | 26.4 | 115 | 5.7 | -56.6% |
| Sweden | 45.9 | N/A | N/A | N/A | 0% |
| Denmark | N/A | 49.5 | N/A | N/A | 0% |
| Belarus | 48.1 | N/A | 43.3 | N/A | -5.1% |
| Others | N/A | 98.8 | 10.0 | 375 | 94.8% |
| Total | 202 | 220 | 310 | 520 | 37.1% |
Top Suppliers of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric to Latvia in 2022:
- Lithuania (109.0 units)
- Estonia (27.0 units)
- Belgium (17.0 units)
- Germany (10.0 units)
- Poland (8.0 units)
- Netherlands (6.0 units)
- Italy (3.0 units)
Exports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Latvia
In 2022, the amount of furnaces and ovens; industrial or laboratory induction or dielectrics exported from Latvia totaled 40 units, approximately reflecting 2021. In general, exports continue to indicate a significant increase. The smallest decline of -8.3% was in 2020. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of furnaces and ovens; industrial or laboratory induction or dielectrics stood at $80K in 2022. Overall, exports recorded a precipitous descent. The smallest decline of -92.3% was in 2020. Over the period under review, the exports of hit record highs at $616K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 5.8 | 42.6 | N/A | 64.5 | 123.2% |
| Russia | 12.1 | 3.3 | N/A | 14.0 | 5.0% |
| Poland | N/A | N/A | N/A | 1.3 | 0% |
| Mozambique | N/A | N/A | N/A | 0.5 | 0% |
| Moldova | N/A | N/A | N/A | 0.2 | 0% |
| Norway | 5.2 | N/A | N/A | N/A | 0% |
| Sweden | N/A | 1.2 | N/A | N/A | 0% |
| United States | 589 | N/A | N/A | N/A | 0% |
| Others | 4.2 | N/A | N/A | N/A | 0% |
| Total | 616 | 47.1 | N/A | 80.5 | -49.3% |
Top Export Markets for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric from Latvia in 2022:
- Estonia (29.0 units)
- Poland (5.0 units)
- Russia (4.0 units)
- Mozambique (1.0 units)
- Moldova (1.0 units)
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