Price for Household or Laundry-Type Washing Machine in Latvia - 2023
Contents:
- Price for Household or Laundry-Type Washing Machine in Latvia (CIF) - 2022
- Price for Household or Laundry-Type Washing Machine in Latvia (FOB) - 2022
- Imports of Household or Laundry-Type Washing Machine in Latvia
- Exports of Household or Laundry-Type Washing Machine in Latvia
Price for Household or Laundry-Type Washing Machine in Latvia (CIF) - 2022
In 2022, the average import price for household or laundry-type washing machines amounted to $303 per unit, with a decrease of -2.4% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 67%. Over the period under review, average import prices reached the maximum at $1,095 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 Germany ($539 per unit), while the price for Poland ($242 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Household or Laundry-Type Washing Machine in Latvia (FOB) - 2022
The average export price for household or laundry-type washing machines stood at $413 per unit in 2022, with an increase of 5% against the previous year. Overall, the export price posted slight growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 82%. The export price peaked at $2,467 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
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 Israel ($704 per unit), while the average price for exports to Estonia ($386 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 (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Household or Laundry-Type Washing Machine in Latvia
In 2022, approx. 125K units of household or laundry-type washing machines were imported into Latvia; with an increase of 8.7% on 2021. Over the period under review, imports saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 267% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, household or laundry-type washing machine imports expanded markedly to $38M in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.7% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 59% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.
| Import of Household or Laundry-Type Washing Machine in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 9.4 | 13.7 | 14.7 | 13.1 | 11.7% |
| China | 1.8 | 5.9 | 6.6 | 8.3 | 66.4% |
| Lithuania | 2.8 | 4.0 | 4.0 | 4.6 | 18.0% |
| Germany | 3.4 | 3.8 | 3.3 | 4.3 | 8.1% |
| Estonia | 1.9 | 2.2 | 2.6 | 3.6 | 23.7% |
| Italy | 0.5 | 2.7 | 1.4 | 2.1 | 61.3% |
| Russia | 0.5 | 0.7 | 0.8 | 0.1 | -41.5% |
| Others | 1.3 | 1.7 | 2.2 | 1.8 | 11.5% |
| Total | 21.7 | 34.5 | 35.7 | 37.8 | 20.3% |
Top Suppliers of Household or Laundry-Type Washing Machine to Latvia in 2022:
- Poland (54.4K units)
- China (28.7K units)
- Lithuania (13.3K units)
- Estonia (10.2K units)
- Germany (8.0K units)
- Italy (5.7K units)
- Russia (0.4K units)
Exports of Household or Laundry-Type Washing Machine in Latvia
After three years of growth, shipments abroad of household or laundry-type washing machines decreased by -0.3% to 64K units in 2022. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 805% against the previous year. Over the period under review, the exports hit record highs at 64K units in 2021, and then fell modestly in the following year.
In value terms, household or laundry-type washing machine exports rose slightly to $26M in 2022. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 141% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Household or Laundry-Type Washing Machine in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 5.5 | 9.8 | 12.2 | 13.2 | 33.9% |
| Estonia | 2.1 | 5.9 | 7.7 | 9.0 | 62.4% |
| Russia | N/A | 3.3 | 2.1 | 2.3 | -16.5% |
| Israel | 0.3 | 0.7 | 0.7 | 0.8 | 38.7% |
| Others | 1.0 | 1.8 | 2.6 | 1.3 | 9.1% |
| Total | 8.9 | 21.5 | 25.3 | 26.5 | 43.9% |
Top Export Markets for Household or Laundry-Type Washing Machine from Latvia in 2022:
- Lithuania (31.8K units)
- Estonia (23.4K units)
- Russia (5.2K units)
- Israel (1.1K units)
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