Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Latvia - 2023
Contents:
- Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Latvia (CIF) - 2022
- Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Latvia (FOB) - 2022
- Imports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Latvia
- Exports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Latvia
Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Latvia (CIF) - 2022
The average import price for weighing machines; having a maximum weighing capacity exceeding 5000kgs stood at $1,950 per unit in 2022, picking up by 388% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 399%. Over the period under review, average import prices hit record highs 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 Italy ($5,873 per unit), while the price for the Netherlands ($417 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4,720.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Latvia (FOB) - 2022
The average export price for weighing machines; having a maximum weighing capacity exceeding 5000kgs stood at $874 per unit in 2022, growing by 23% against the previous year. Overall, the export price, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by 108%. The export price peaked at $2,430 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($3,010 per unit), while the average price for exports to the Netherlands ($2 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 Lithuania (+65.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Latvia
After three years of growth, purchases abroad of weighing machines; having a maximum weighing capacity exceeding 5000kgs decreased by -66.9% to 263 units in 2022. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 87% against the previous year. Imports peaked at 794 units in 2021, and then reduced rapidly in the following year.
In value terms, imports of weighing machines; having a maximum weighing capacity exceeding 5000kgs surged to $513K in 2022. Over the period under review, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 88% against the previous year. As a result, imports reached the peak of $555K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 26.9 | 88.3 | 50.3 | 247 | 109.4% |
| China | 114 | 128 | 88.7 | 191 | 18.8% |
| Lithuania | 1.2 | 29.3 | 9.7 | 32.8 | 201.2% |
| Sweden | 12.0 | 23.1 | 10.2 | 25.5 | 28.6% |
| Denmark | N/A | 26.8 | 1.4 | 7.0 | -48.9% |
| United Kingdom | 96.3 | 0.4 | 11.0 | 4.1 | -65.1% |
| Germany | 18.3 | 226 | 3.3 | 1.5 | -56.6% |
| Netherlands | N/A | N/A | 5.5 | 0.4 | -92.7% |
| Others | 26.9 | 32.7 | 137 | 3.8 | -47.9% |
| Total | 295 | 555 | 317 | 513 | 20.3% |
Top Suppliers of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg to Latvia in 2022:
- China (187.0 units)
- Italy (42.0 units)
- Sweden (10.0 units)
- Lithuania (8.0 units)
- Denmark (6.0 units)
- United Kingdom (3.0 units)
- Germany (3.0 units)
- Netherlands (1.0 units)
Exports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Latvia
In 2022, approx. 63 units of weighing machines; having a maximum weighing capacity exceeding 5000kgs were exported from Latvia; rising by 215% compared with 2021 figures. In general, exports saw a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 1,467% against the previous year. As a result, the exports attained the peak of 141 units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of weighing machines; having a maximum weighing capacity exceeding 5000kgs surged to $55K in 2022. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 1,269% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | 25.7 | 12.8 | 31.4 | 10.5% |
| Lithuania | N/A | 5.5 | N/A | 9.0 | 27.9% |
| United Arab Emirates | N/A | N/A | N/A | 8.1 | 0% |
| United Kingdom | N/A | N/A | N/A | 5.3 | 0% |
| Ukraine | 3.1 | N/A | N/A | 1.4 | -23.3% |
| Switzerland | N/A | 4.7 | 1.0 | N/A | -78.7% |
| China | N/A | 3.3 | N/A | N/A | 0% |
| Netherlands | N/A | N/A | N/A | N/A | 0% |
| Australia | N/A | 0.5 | N/A | N/A | 0% |
| Others | 0.8 | 13.6 | 0.3 | N/A | -38.8% |
| Total | 3.9 | 53.3 | 14.2 | 55.1 | 141.7% |
Top Export Markets for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg from Latvia in 2022:
- Russia (34.0 units)
- United Kingdom (17.0 units)
- United Arab Emirates (4.0 units)
- Ukraine (3.0 units)
- Lithuania (3.0 units)
- Netherlands (1.0 units)
- Switzerland (1.0 units)
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