Single Loudspeaker Price in Latvia - 2024
Contents:
- Single Loudspeaker Price in Latvia (CIF) - 2022
- Single Loudspeaker Price in Latvia (FOB) - 2022
- Single Loudspeaker Imports in Latvia
- Single Loudspeaker Exports in Latvia
Single Loudspeaker Price in Latvia (CIF) - 2022
The average single loudspeaker import price stood at $48 per unit in 2022, growing by 7.2% against the previous year. In general, the import price continues to indicate prominent growth. The pace of growth was the most pronounced in 2020 an increase of 58%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($170 per unit), while the price for China ($13 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+23.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Single Loudspeaker Price in Latvia (FOB) - 2022
In 2022, the average single loudspeaker export price amounted to $126 per unit, jumping by 28% against the previous year. In general, the export price saw a remarkable increase. The growth pace was the most rapid in 2021 when the average export price increased by 64% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.
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 Russia ($190 per unit), while the average price for exports to France ($11 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 Belarus (+23.9%), while the prices for the other major destinations experienced more modest paces of growth.
Single Loudspeaker Imports in Latvia
In 2022, approx. 106K units of single loudspeakers (in enclosure) were imported into Latvia; increasing by 33% compared with the previous year. The total import volume increased at an average annual rate of +6.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, single loudspeaker imports surged to $5.1M in 2022. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 61%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Single Loudspeaker in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 404 | 725 | 559 | 931 | 32.1% |
| Czech Republic | 4.2 | 307 | 586 | 921 | 503.0% |
| Sweden | 28.2 | 48.9 | 429 | 488 | 158.7% |
| Estonia | 236 | 316 | 320 | 472 | 26.0% |
| Netherlands | 567 | 612 | 236 | 303 | -18.9% |
| Germany | 218 | 275 | 298 | 249 | 4.5% |
| Poland | 52.3 | 138 | 256 | 189 | 53.5% |
| China | 81.1 | 127 | 75.8 | 105 | 9.0% |
| Hong Kong SAR | 27.1 | 57.9 | 209 | 17.3 | -13.9% |
| Others | 398 | 648 | 581 | 1,381 | 51.4% |
| Total | 2,016 | 3,256 | 3,550 | 5,056 | 35.9% |
Top Suppliers of Single Loudspeaker to Latvia in 2022:
- Lithuania (29.2K units)
- Sweden (20.8K units)
- Estonia (13.2K units)
- China (8.1K units)
- Poland (5.5K units)
- Czech Republic (5.4K units)
- Netherlands (4.0K units)
- Germany (3.6K units)
- Hong Kong SAR (1.4K units)
Single Loudspeaker Exports in Latvia
In 2022, exports of single loudspeakers (in enclosure) from Latvia rose slightly to 22K units, with an increase of 2.6% on 2021. The total export volume increased at an average annual rate of +2.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 7.3% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, single loudspeaker exports skyrocketed to $2.7M in 2022. In general, exports recorded significant growth. The growth pace was the most rapid in 2020 with an increase of 65% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Single Loudspeaker in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 292 | 484 | 820 | 952 | 48.3% |
| Estonia | 119 | 251 | 448 | 766 | 86.0% |
| Russia | 54.9 | 216 | 264 | 234 | 62.1% |
| Germany | 25.5 | 14.4 | 15.2 | 99.4 | 57.4% |
| Poland | 20.0 | 83.1 | 158 | 78.1 | 57.5% |
| Cyprus | 4.5 | 0.3 | 58.0 | 69.9 | 149.5% |
| Finland | 155 | 83.7 | 77.7 | 68.5 | -23.8% |
| United Kingdom | 6.6 | 4.7 | 23.9 | 36.8 | 77.3% |
| Uzbekistan | 44.5 | 9.7 | N/A | 26.3 | -16.1% |
| France | 5.3 | 16.2 | 7.0 | 7.1 | 10.2% |
| Greece | 1.6 | 27.4 | 62.9 | 1.9 | 5.9% |
| Others | 49.9 | 92.2 | 130 | 377 | 96.2% |
| Total | 779 | 1,282 | 2,065 | 2,717 | 51.7% |
Top Export Markets for Single Loudspeaker from Latvia in 2022:
- Lithuania (7.4K units)
- Estonia (5.1K units)
- Germany (2.4K units)
- Poland (1.8K units)
- Russia (1.2K units)
- Cyprus (1.0K units)
- United Kingdom (0.8K units)
- France (0.7K units)
- Finland (0.4K units)
- Uzbekistan (0.1K units)
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