Latvia - Ploughs For Agricultural Purposes - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPlough Price in Latvia - 2023
Contents:
- Plough Price in Latvia (CIF) - 2023
- Plough Price in Latvia (FOB) - 2022
- Plough Imports in Latvia
- Plough Exports in Latvia
Plough Price in Latvia (CIF) - 2023
In September 2023, the average plough import price amounted to $1,799 per unit, increasing by 2% against the previous month. Overall, the import price continues to indicate measured growth. The growth pace was the most rapid in July 2023 an increase of 182% m-o-m. As a result, import price attained the peak level of $2,457 per unit; afterwards, it flattened through to September 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($5,295 per unit), while the price for Poland ($392 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by France (+25.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Plough Price in Latvia (FOB) - 2022
In 2022, the average plough export price amounted to $2,215 per unit, rising by 9% against the previous year. Over the period under review, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plough export price decreased by -1.8% against 2019 indices. The growth pace was the most rapid in 2013 an increase of 54%. The export price peaked at $2,676 per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($3,856 per unit), while the average price for exports to Poland ($925 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 the Czech Republic (+29.8%), while the prices for the other major destinations experienced more modest paces of growth.
Plough Imports in Latvia
In 2022, approx. 2.1K units of ploughs for agricultural purposes were imported into Latvia; jumping by 72% on 2021 figures. Overall, total imports indicated perceptible growth from 2019 to 2022: its volume increased at an average annual rate of +4.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, plough imports surged to $3.3M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +10.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Plough in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 409 | 666 | 336 | 868 | 28.5% |
| Austria | 144 | 172 | 482 | 600 | 60.9% |
| Norway | 507 | 379 | 232 | 529 | 1.4% |
| Poland | 507 | 348 | 255 | 523 | 1.0% |
| Sweden | 20.6 | 341 | 163 | 320 | 149.5% |
| Estonia | 61.5 | 87.5 | 50.9 | 123 | 26.0% |
| Germany | 590 | 375 | 63.5 | 103 | -44.1% |
| Others | 206 | 199 | 451 | 205 | -0.2% |
| Total | 2,445 | 2,568 | 2,033 | 3,272 | 10.2% |
Top Suppliers of Plough to Latvia in 2022:
- Lithuania (558.0 units)
- Poland (520.0 units)
- Norway (315.0 units)
- Austria (212.0 units)
- Sweden (137.0 units)
- Germany (117.0 units)
- Estonia (109.0 units)
Plough Exports in Latvia
In 2022, after three years of growth, there was significant decline in overseas shipments of ploughs for agricultural purposes, when their volume decreased by -47.3% to 215 units. Overall, exports recorded a mild contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 42% against the previous year. The exports peaked at 408 units in 2021, and then dropped sharply in the following year.
In value terms, plough exports fell notably to $476K in 2022. Over the period under review, exports continue to indicate a noticeable downturn. The growth pace was the most rapid in 2021 when exports increased by 40% against the previous year. As a result, the exports attained the peak of $829K, and then dropped remarkably in the following year.
| Export of Plough in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 67.6 | 276 | 233 | 225 | 49.3% |
| Estonia | 220 | 93.8 | 120 | 90.5 | -25.6% |
| Netherlands | 22.5 | 25.6 | 72.0 | 44.7 | 25.7% |
| Poland | 16.2 | N/A | 133 | 42.5 | 37.9% |
| Russia | N/A | 2.9 | N/A | 29.0 | 216.2% |
| Denmark | 71.7 | 75.4 | N/A | 24.6 | -30.0% |
| United Kingdom | 30.1 | 18.5 | 36.9 | 19.3 | -13.8% |
| Ukraine | N/A | 32.5 | 44.4 | N/A | 36.6% |
| Others | 82.1 | 67.2 | 191 | 0.3 | -84.6% |
| Total | 510 | 592 | 829 | 476 | -2.3% |
Top Export Markets for Plough from Latvia in 2022:
- Lithuania (74.0 units)
- Estonia (50.0 units)
- Poland (46.0 units)
- Russia (17.0 units)
- Netherlands (13.0 units)
- Denmark (9.0 units)
- United Kingdom (5.0 units)
This report provides an in-depth analysis of the plough market 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 28303130 -
- Prodcom 28303150 -
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
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
-
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
-
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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