Price for Tugs and Pusher Craft in Latvia - 2022

Contents:

1. Price for Tugs and Pusher Craft in Latvia (FOB) - 2022
2. Price for Tugs and Pusher Craft in Latvia (CIF) - 2022
3. Exports of Tugs and Pusher Craft in Latvia
4. Imports of Tugs and Pusher Craft in Latvia

Price for Tugs and Pusher Craft in Latvia (FOB) - 2022

In 2022, the average tugs and pusher craft export price amounted to $162,620 per unit, dropping by -84.8% against the previous year. Overall, the export price saw a drastic downturn. The pace of growth appeared the most rapid in 2018 when the average export price increased by 831%. As a result, the export price attained the peak level of $1,078,706 per unit. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($282,057 per unit), while the average price for exports to Lithuania totaled $3,370 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+76.7%), while the prices for the other major destinations experienced a decline.

Price for Tugs and Pusher Craft in Latvia (CIF) - 2022

In 2022, the average tugs and pusher craft import price amounted to $11,846 per unit, approximately reflecting the previous year. In general, the import price showed a precipitous slump. The pace of growth was the most pronounced in 2013 an increase of 184%. As a result, import price reached the peak level of $4,735,533 per unit. From 2014 to 2022, the average import prices failed to regain momentum.

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 Estonia ($14,556 per unit), while the price for Lithuania totaled $9,136 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-23.6%), while the prices for the other major suppliers experienced a decline.

Exports of Tugs and Pusher Craft in Latvia

For the third year in a row, Latvia recorded growth in shipments abroad of tugs and pusher crafts, which increased by 40% to 7 units in 2022. In general, total exports indicated a significant increase from 2020 to 2022: its volume increased at an average annual rate of +32.3% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.0% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, tugs and pusher craft exports dropped remarkably to $1.1M in 2022. Overall, exports, however, showed a significant decline. The pace of growth appeared the most rapid in 2021 with an increase of 138% against the previous year. As a result, the exports attained the peak of $5.4M, and then dropped markedly in the following year.

Top Export Markets for Tugs and Pusher Craft from Latvia in 2022:

1. Estonia (4.0 units)
2. Lithuania (3.0 units)

Imports of Tugs and Pusher Craft in Latvia

In 2022, overseas purchases of tugs and pusher crafts decreased by 0% to 2 units for the first time since 2019, thus ending a two-year declining trend. Overall, imports showed a significant increase. The smallest decline of 99.9% was in 2020. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, tugs and pusher craft imports amounted to $24K in 2022. Over the period under review, imports showed a dramatic decline. The most prominent rate of growth was recorded in 2020 when imports increased by 1,789% against the previous year. As a result, imports reached the peak of $3.4M. From 2021 to 2022, the growth of imports failed to regain momentum.

Top Suppliers of Tugs and Pusher Craft to Latvia in 2022:

1. Lithuania (1.0 units)
2. Estonia (1.0 units)

Source: IndexBox Market Intelligence Platform