Price for Machines; Parts and Accessories, of Heading No. 8472 in Latvia - 2023
Contents:
- Price for Machines; Parts and Accessories, of Heading No. 8472 in Latvia (CIF) - 2022
- Price for Machines; Parts and Accessories, of Heading No. 8472 in Latvia (FOB) - 2022
- Imports of Machines; Parts and Accessories, of Heading No. 8472 in Latvia
- Exports of Machines; Parts and Accessories, of Heading No. 8472 in Latvia
Price for Machines; Parts and Accessories, of Heading No. 8472 in Latvia (CIF) - 2022
The average import price for machines; parts and accessories, of heading no. 8472 stood at $88,945 per ton in 2022, almost unchanged from the previous year. Over the period under review, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.9% 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 machines; parts and accessories, of heading no. 8472 increased by +61.4% against 2019 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 44%. The import price peaked at $109,542 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ireland ($202,627 per ton), while the price for Italy ($41,722 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+20.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machines; Parts and Accessories, of Heading No. 8472 in Latvia (FOB) - 2022
In 2022, the average export price for machines; parts and accessories, of heading no. 8472 amounted to $235,061 per ton, rising by 123% against the previous year. In general, the export price enjoyed a remarkable increase. 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 Azerbaijan ($325,000 per ton), while the average price for exports to Estonia ($22,276 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Machines; Parts and Accessories, of Heading No. 8472 in Latvia
In 2022, after three years of growth, there was significant decline in overseas purchases of machines; parts and accessories, of heading no. 8472, when their volume decreased by -56.7% to 9.1 tons. In general, imports recorded a abrupt setback. The pace of growth was the most pronounced in 2021 when imports increased by 61%. As a result, imports attained the peak of 21 tons, and then reduced sharply in the following year.
In value terms, imports of machines; parts and accessories, of heading no. 8472 shrank significantly to $813K in 2022. Over the period under review, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 93% against the previous year. As a result, imports reached the peak of $1.9M, and then shrank rapidly in the following year.
| Import of Machines; Parts and Accessories, of Heading No. 8472 in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 112 | 92.0 | 42.3 | 179 | 16.9% |
| India | N/A | N/A | 101 | 166 | 64.4% |
| Netherlands | 71.4 | 42.3 | 21.1 | 162 | 31.4% |
| Ireland | N/A | N/A | N/A | 73.4 | 0% |
| China | 30.6 | 227 | 1,286 | 73.0 | 33.6% |
| Lithuania | 164 | 359 | 171 | 47.5 | -33.8% |
| Hong Kong SAR | 12.7 | 32.7 | 21.5 | 37.4 | 43.3% |
| Poland | 63.9 | 19.9 | 17.8 | 16.3 | -36.6% |
| Germany | 56.5 | 18.4 | 38.9 | 15.4 | -35.2% |
| Estonia | 6.3 | 7.4 | 11.8 | 5.8 | -2.7% |
| Finland | 13.8 | 31.7 | 86.8 | 1.9 | -48.4% |
| Others | 132 | 144 | 82.2 | 35.1 | -35.7% |
| Total | 663 | 975 | 1,880 | 813 | 7.0% |
Top Suppliers of Machines; Parts and Accessories, of Heading No. 8472 to Latvia in 2022:
- Italy (4279.0 kg)
- Netherlands (1534.0 kg)
- India (874.0 kg)
- China (681.0 kg)
- Ireland (362.0 kg)
- Hong Kong SAR (305.0 kg)
- Lithuania (272.0 kg)
- Poland (268.0 kg)
- Germany (202.0 kg)
- Estonia (59.0 kg)
- Finland (8.0 kg)
Exports of Machines; Parts and Accessories, of Heading No. 8472 in Latvia
After three years of growth, shipments abroad of machines; parts and accessories, of heading no. 8472 decreased by -92.1% to 1.3 tons in 2022. Overall, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 477% against the previous year.
In value terms, exports of machines; parts and accessories, of heading no. 8472 dropped sharply to $300K in 2022. Over the period under review, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 343% against the previous year. As a result, the exports reached the peak of $1.7M, and then fell rapidly in the following year.
| Export of Machines; Parts and Accessories, of Heading No. 8472 in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uzbekistan | N/A | N/A | N/A | 189 | 0% |
| Belarus | 52.9 | 72.6 | 61.6 | 64.1 | 6.6% |
| Russia | N/A | 7.5 | 12.3 | 19.8 | 62.5% |
| Azerbaijan | N/A | N/A | N/A | 14.9 | 0% |
| Armenia | N/A | N/A | 7.8 | 8.8 | 12.8% |
| Estonia | N/A | 0.1 | 0.2 | 0.6 | 144.9% |
| Ukraine | 0.8 | 292 | 1,611 | 0.4 | -20.6% |
| Others | 79.6 | 11.7 | 6.9 | 2.2 | -69.8% |
| Total | 133 | 384 | 1,700 | 300 | 31.1% |
Top Export Markets for Machines; Parts and Accessories, of Heading No. 8472 from Latvia in 2022:
- Uzbekistan (700.0 kg)
- Belarus (236.0 kg)
- Russia (160.0 kg)
- Armenia (71.0 kg)
- Azerbaijan (46.0 kg)
- Estonia (29.0 kg)
- Ukraine (5.0 kg)
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This report provides an in-depth analysis of the computing machinery market in Latvia.
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This report provides an in-depth analysis of the global computing machinery market.
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