Price for Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Latvia - 2024
Contents:
- Price for Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Latvia (CIF) - 2022
- Price for Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Latvia (FOB) - 2022
- Imports of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Latvia
- Exports of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Latvia
Price for Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Latvia (CIF) - 2022
In 2022, the average import price for turbo-jets, turbo-propellers and other gas turbineses amounted to $848 thousand per unit, with a decrease of -4.5% against the previous year. Over the period under review, the import price, however, showed mild growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 422%. The import price peaked at $1.4 million per unit in 2018; however, from 2019 to 2022, import prices remained at a 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 Canada ($1.4 million per unit), while the price for the Czech Republic ($768 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+125.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Latvia (FOB) - 2022
In 2022, the average export price for turbo-jets, turbo-propellers and other gas turbineses amounted to $488 thousand per unit, dropping by -20.9% against the previous year. Over the period under review, the export price, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2015 an increase of 801% against the previous year. The export price peaked at $616 thousand per unit in 2021, and then dropped dramatically in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ghana ($893 thousand per unit), while the average price for exports to Estonia ($51 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 Russia (+77.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Latvia
Imports of turbo-jets, turbo-propellers and other gas turbineses into Latvia reduced notably to 27 units in 2022, waning by -22.9% compared with the year before. In general, imports continue to indicate a abrupt decline. The smallest decline of -6.1% was in 2020. Imports peaked at 49 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of turbo-jets, turbo-propellers and other gas turbineses dropped notably to $23M in 2022. Overall, imports recorded a deep setback. The smallest decline of -0.4% was in 2021. Over the period under review, imports of hit record highs at $32M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 15.3 | 0.2 | 0.2 | 11.3 | -9.6% |
| United States | 8.2 | 22.7 | 26.2 | 9.9 | 6.5% |
| United Kingdom | N/A | N/A | 0.3 | 0.8 | 166.7% |
| Sweden | 0.1 | 4.4 | N/A | 0.7 | 91.3% |
| Lithuania | 0.4 | 0.1 | 0.2 | 0.2 | -20.6% |
| Hungary | N/A | 1.1 | N/A | N/A | 0% |
| Uganda | N/A | N/A | N/A | N/A | 0% |
| France | 3.8 | 0.4 | N/A | N/A | -89.5% |
| Poland | N/A | N/A | N/A | N/A | 0% |
| Denmark | N/A | N/A | 0.1 | N/A | 0% |
| Mexico | N/A | N/A | N/A | N/A | 0% |
| Czech Republic | N/A | N/A | N/A | N/A | 0% |
| Brazil | N/A | 0.1 | N/A | N/A | 0% |
| Others | 4.3 | 2.2 | 4.0 | N/A | -3.6% |
| Total | 32.2 | 31.2 | 31.1 | 22.9 | -10.7% |
Top Suppliers of Turbo-Jets, Turbo-Propellers and Other Gas Turbines to Latvia in 2022:
- Canada (8.0 units)
- United States (8.0 units)
- United Kingdom (2.0 units)
- Brazil (1.0 units)
- Czech Republic (1.0 units)
- Mexico (1.0 units)
- Denmark (1.0 units)
- Poland (1.0 units)
- Lithuania (1.0 units)
- France (1.0 units)
- Sweden (1.0 units)
- Uganda (1.0 units)
Exports of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Latvia
For the third consecutive year, Latvia recorded decline in overseas shipments of turbo-jets, turbo-propellers and other gas turbineses, which decreased by -54.5% to 15 units in 2022. In general, exports saw a precipitous shrinkage. The smallest decline of -26.7% was in 2021. Over the period under review, the exports of hit record highs at 135 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of turbo-jets, turbo-propellers and other gas turbineses dropped significantly to $7.3M in 2022. Over the period under review, exports faced a precipitous slump. The most prominent rate of growth was recorded in 2020 when exports increased by 14%. As a result, the exports attained the peak of $21M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.2 | 0.2 | 9.2 | 5.3 | 198.1% |
| Ghana | N/A | N/A | N/A | 1.8 | 0% |
| United Kingdom | 1.2 | N/A | 8.1 | 0.2 | -45.0% |
| Russia | 1.6 | 3.4 | 0.6 | N/A | -38.8% |
| Norway | 6.4 | N/A | N/A | N/A | 0% |
| China | 0.1 | N/A | N/A | N/A | 0% |
| Germany | 5.5 | 3.1 | N/A | N/A | -43.6% |
| Egypt | N/A | N/A | N/A | N/A | 0% |
| Estonia | 2.4 | 12.9 | 0.5 | N/A | -54.4% |
| Ukraine | 0.1 | 0.4 | 0.1 | N/A | 0.0% |
| Others | 0.9 | 0.9 | 1.9 | N/A | 45.3% |
| Total | 18.3 | 20.9 | 20.3 | 7.3 | -26.4% |
Top Export Markets for Turbo-Jets, Turbo-Propellers and Other Gas Turbines from Latvia in 2022:
- United States (8.0 units)
- Ghana (2.0 units)
- United Kingdom (2.0 units)
- Estonia (1.0 units)
- Egypt (1.0 units)
- China (1.0 units)
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