Price for Milking Machines and Dairy Machinery in Latvia - 2023
Contents:
- Price for Milking Machines and Dairy Machinery in Latvia (CIF) - 2022
- Price for Milking Machines and Dairy Machinery in Latvia (FOB) - 2022
- Imports of Milking Machines and Dairy Machinery in Latvia
- Exports of Milking Machines and Dairy Machinery in Latvia
Price for Milking Machines and Dairy Machinery in Latvia (CIF) - 2022
In 2022, the average import price for milking machines and dairy machineries amounted to $2,599 per unit, falling by -26% against the previous year. Over the period under review, the import price continues to indicate a perceptible decline. The pace of growth appeared the most rapid in 2020 an increase of 73%. The import price peaked at $3,704 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($7,765 per unit), while the price for Lithuania ($1,792 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+44.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Milking Machines and Dairy Machinery in Latvia (FOB) - 2022
In 2022, the average export price for milking machines and dairy machineries amounted to $2,279 per unit, waning by -45.8% against the previous year. In general, the export price saw a slight reduction. The pace of growth appeared the most rapid in 2018 an increase of 121%. As a result, the export price reached the peak level of $4,485 per unit. From 2019 to 2022, the average export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($2,953 per unit), while the average price for exports to Russia amounted to $2,174 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+1.4%).
Imports of Milking Machines and Dairy Machinery in Latvia
In 2022, overseas purchases of milking machines and dairy machineries were finally on the rise to reach 2.1K units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a abrupt shrinkage. Imports peaked at 2.8K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, milking machines and dairy machinery imports dropped to $5.5M in 2022. Over the period under review, total imports indicated modest growth from 2019 to 2022: its value increased at an average annual rate of +1.3% 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 decreased by -33.2% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 56%. As a result, imports reached the peak of $8.2M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Milking Machines and Dairy Machinery in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 2,193 | 2,380 | 1,626 | 1,862 | -5.3% |
| Germany | 1,266 | 2,520 | 1,481 | 1,583 | 7.7% |
| Netherlands | 960 | 1,880 | 1,669 | 924 | -1.3% |
| Belgium | 0.2 | 0.3 | 0.5 | 466 | 1225.7% |
| Lithuania | 356 | 135 | 177 | 183 | -19.9% |
| Italy | 48.8 | 500 | 110 | 144 | 43.4% |
| Turkey | 38.3 | 46.1 | 47.1 | 122 | 47.1% |
| Others | 413 | 749 | 817 | 200 | -21.5% |
| Total | 5,275 | 8,209 | 5,926 | 5,484 | 1.3% |
Top Suppliers of Milking Machines and Dairy Machinery to Latvia in 2022:
- Poland (958.0 units)
- Germany (554.0 units)
- Belgium (198.0 units)
- Netherlands (119.0 units)
- Lithuania (102.0 units)
- Turkey (64.0 units)
- Italy (62.0 units)
Exports of Milking Machines and Dairy Machinery in Latvia
In 2022, milking machines and dairy machinery exports from Latvia soared to 833 units, growing by 796% on 2021. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, milking machines and dairy machinery exports surged to $1.9M in 2022. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Milking Machines and Dairy Machinery in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 78.3 | 267 | 14.3 | 1,646 | 176.0% |
| Lithuania | 164 | 183 | 227 | 183 | 3.7% |
| Others | 72.0 | 124 | 150 | 69.4 | -1.2% |
| Total | 314 | 573 | 391 | 1,899 | 82.2% |
Top Export Markets for Milking Machines and Dairy Machinery from Latvia in 2022:
- Russia (757.0 units)
- Lithuania (62.0 units)
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This report provides an in-depth analysis of the milking machine market in Latvia.
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This report provides an in-depth analysis of the global milking machine market.
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