Latvia - Iron Or Steel Liquid Fuel Domestic Appliances - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Metal Liquid Fuel Appliances in Latvia - 2024
Contents:
- Price for Metal Liquid Fuel Appliances in Latvia (CIF) - 2022
- Price for Metal Liquid Fuel Appliances in Latvia (FOB) - 2022
- Imports of Metal Liquid Fuel Appliances in Latvia
- Exports of Metal Liquid Fuel Appliances in Latvia
Price for Metal Liquid Fuel Appliances in Latvia (CIF) - 2022
In 2022, the average metal liquid fuel appliances import price amounted to $299 per unit, surging by 39% against the previous year. In general, the import price enjoyed prominent growth. The growth pace was the most rapid in 2016 an increase of 248%. The import price peaked in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($641 per unit), while the price for Finland ($59 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+22.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Metal Liquid Fuel Appliances in Latvia (FOB) - 2022
The average metal liquid fuel appliances export price stood at $75 per unit in 2022, declining by -34.5% against the previous year. Over the period under review, the export price continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2021 when the average export price increased by 58% against the previous year. Over the period under review, the average export prices hit record highs at $167 per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($321 per unit), while the average price for exports to Russia totaled $50 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+6.5%), while the prices for the other major destinations experienced a decline.
Imports of Metal Liquid Fuel Appliances in Latvia
In 2022, approx. 1.7K units of iron or steel liquid fuel domestic appliances were imported into Latvia; growing by 7.5% compared with 2021. Overall, imports, however, saw a slight decrease. The growth pace was the most rapid in 2021 when imports increased by 15%. Imports peaked at 1.7K units in 2019; afterwards, it flattened through to 2022.
In value terms, metal liquid fuel appliances imports skyrocketed to $499K in 2022. In general, imports, however, showed a mild slump. Over the period under review, imports attained the maximum at $514K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
Import of Metal Liquid Fuel Appliances in Latvia (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 41.1 | 93.0 | 86.3 | 296 | 93.1% |
Estonia | 24.6 | 18.8 | 146 | 154 | 84.3% |
Lithuania | 1.1 | 8.2 | 10.0 | 21.4 | 169.0% |
Croatia | 14.3 | 12.3 | 5.1 | 10.5 | -9.8% |
Finland | 14.7 | 6.2 | 12.6 | 6.4 | -24.2% |
Poland | 45.9 | 101 | 73.0 | 5.7 | -50.1% |
Denmark | 312 | 0.2 | 0.3 | N/A | -96.9% |
Others | 60.4 | 19.9 | 2.3 | 4.9 | -56.7% |
Total | 514 | 259 | 335 | 499 | -1.0% |
Top Suppliers of Iron or Steel Liquid Fuel Domestic Appliances to Latvia in 2022:
- Estonia (587.0 units)
- Italy (462.0 units)
- Lithuania (352.0 units)
- Finland (109.0 units)
- Croatia (100.0 units)
- Poland (31.0 units)
Exports of Metal Liquid Fuel Appliances in Latvia
For the third year in a row, Latvia recorded decline in shipments abroad of iron or steel liquid fuel domestic appliances, which decreased by -44.4% to 79 units in 2022. Overall, exports saw a sharp shrinkage. The smallest decline of -9% was in 2021. The exports peaked at 1.8K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, metal liquid fuel appliances exports contracted notably to $5.9K in 2022. Over the period under review, exports continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 44% against the previous year. The exports peaked at $191K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
Export of Metal Liquid Fuel Appliances in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 6.4 | 4.1 | 7.4 | 3.5 | -18.2% |
Germany | N/A | N/A | N/A | 1.9 | 0% |
Lithuania | 184 | 2.5 | 1.8 | N/A | -90.1% |
Estonia | 0.7 | 2.9 | 0.2 | N/A | -46.5% |
Others | 0.3 | 1.8 | 6.9 | 0.5 | 18.6% |
Total | 191 | 11.3 | 16.3 | 5.9 | -68.6% |
Top Export Markets for Iron or Steel Liquid Fuel Domestic Appliances from Latvia in 2022:
- Russia (71.0 units)
- Germany (6.0 units)
This report provides an in-depth analysis of the market for metal liquid fuel appliances 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 27521250 - Iron or steel liquid fuel domestic appliances, including heaters, grates, fires and braziers (excluding cooking appliances and plate warmers)
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.
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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
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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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
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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
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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
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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
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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
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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
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