Price for Turbines; Steam and Other Vapour Turbines in Latvia - 2024

Contents:

  1. Price for Turbines; Steam and Other Vapour Turbines in Latvia (CIF) - 2022
  2. Price for Turbines; Steam and Other Vapour Turbines in Latvia (FOB) - 2022
  3. Imports of Turbines; Steam and Other Vapour Turbines in Latvia
  4. Exports of Turbines; Steam and Other Vapour Turbines in Latvia

Price for Turbines; Steam and Other Vapour Turbines in Latvia (CIF) - 2022

The average import price for turbines; steam and other vapour turbineses stood at $39 thousand per unit in 2022, picking up by 328% against the previous year. Over the period under review, the import price, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 an increase of 411% against the previous year. Over the period under review, average import prices hit record highs at $207 thousand per unit in 2012; however, from 2013 to 2022, import prices stood 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 the Czech Republic ($164 thousand per unit), while the price for Turkey ($31 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+3,111.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Turbines; Steam and Other Vapour Turbines in Latvia (FOB) - 2022

The average export price for turbines; steam and other vapour turbineses stood at $171 thousand per unit in 2021, rising by 19,592% against the previous year. In general, the export price recorded a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Spain.

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to +36.7% per year.

Imports of Turbines; Steam and Other Vapour Turbines in Latvia

In 2022, approx. 13 units of turbines; steam and other vapour turbineses were imported into Latvia; surging by 44% on the year before. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +13.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.4% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of turbines; steam and other vapour turbineses skyrocketed to $512K in 2022. Over the period under review, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Turbines; Steam and Other Vapour Turbines in Latvia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
ChinaN/AN/A13.52701900.0%
Czech Republic0.8192N/A164489.6%
Netherlands26.116.855.161.833.3%
United KingdomN/AN/A0.28.03900.0%
DenmarkN/A0.3N/A3.8255.9%
Poland0.10.51.82.2180.2%
Lithuania2.1N/A1.11.0-21.9%
IsraelN/AN/AN/A0.70%
GermanyN/AN/AN/A0.50%
CanadaN/AN/AN/A0.20%
United StatesN/AN/AN/A0.10%
Estonia4.612.9N/AN/A180.4%
TurkeyN/AN/A0.4N/A0%
Others23.95.810.6N/A-33.4%
Total57.622982.8512107.1%

Top Suppliers of Turbines; Steam and Other Vapour Turbines to Latvia in 2022:

  1. China (2.0 units)
  2. Turkey (1.0 units)
  3. Canada (1.0 units)
  4. Israel (1.0 units)
  5. Netherlands (1.0 units)
  6. Czech Republic (1.0 units)
  7. Denmark (1.0 units)
  8. Poland (1.0 units)
  9. Lithuania (1.0 units)
  10. United Kingdom (1.0 units)
  11. Germany (1.0 units)
  12. United States (1.0 units)

Exports of Turbines; Steam and Other Vapour Turbines in Latvia

Exports of turbines; steam and other vapour turbineses from Latvia amounted to 1 units in 2021, therefore, remained relatively stable against 2020. In general, exports recorded a relatively flat trend pattern. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, exports of turbines; steam and other vapour turbineses skyrocketed to $171K in 2021. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Turbines; Steam and Other Vapour Turbines in Latvia (Thousand USD)
COUNTRY201920202021CAGR,
2019-2021
SpainN/AN/A1710%
RussiaN/A0.9N/A0%
Belarus0.4N/AN/A0%
OthersN/AN/AN/A0%
Total0.40.91711967.6%

Top Export Markets for Turbines; Steam and Other Vapour Turbines from Latvia in 2022:

  1. Spain (1.0 units)

Source: IndexBox Market Intelligence Platform

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