Price for Winches and Capstans; Powered by an Electric Motor in Latvia - 2023
Contents:
- Price for Winches and Capstans; Powered by an Electric Motor in Latvia (CIF) - 2022
- Price for Winches and Capstans; Powered by an Electric Motor in Latvia (FOB) - 2022
- Imports of Winches and Capstans; Powered by an Electric Motor in Latvia
- Exports of Winches and Capstans; Powered by an Electric Motor in Latvia
Price for Winches and Capstans; Powered by an Electric Motor in Latvia (CIF) - 2022
In 2022, the average import price for winches and capstans; powered by an electric motors amounted to $439 per unit, increasing by 29% against the previous year. Over the period under review, the import price, however, continues to indicate a drastic downturn. The import price peaked at $2,038 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belarus ($4,155 per unit), while the price for Poland ($91 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+22.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Winches and Capstans; Powered by an Electric Motor in Latvia (FOB) - 2022
In 2022, the average export price for winches and capstans; powered by an electric motors amounted to $629 per unit, shrinking by -7.9% against the previous year. In general, the export price continues to indicate a significant decrease. The most prominent rate of growth was recorded in 2018 an increase of 1,088%. As a result, the export price attained the peak level of $9,051 per unit. From 2019 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($4,682 per unit), while the average price for exports to Lithuania ($180 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 Canada (+43.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Winches and Capstans; Powered by an Electric Motor in Latvia
For the fourth year in a row, Latvia recorded growth in purchases abroad of winches and capstans; powered by an electric motors, which increased by 47% to 3.2K units in 2022. Overall, imports recorded a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 82% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, imports of winches and capstans; powered by an electric motors surged to $1.4M in 2022. Over the period under review, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 89%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Winches and Capstans; Powered by an Electric Motor in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 11.3 | 21.9 | 34.6 | 563 | 268.0% |
| China | 23.5 | 36.0 | 71.1 | 262 | 123.4% |
| Germany | 15.1 | 375 | 73.5 | 149 | 114.5% |
| Poland | 18.9 | 46.9 | 149 | 132 | 91.1% |
| Sweden | 2.5 | 1.7 | 0.7 | 83.2 | 221.7% |
| Finland | 64.9 | 73.1 | 114 | 37.1 | -17.0% |
| Belarus | 181 | 65.2 | 160 | 33.2 | -43.2% |
| Belgium | 14.0 | 15.1 | 25.2 | 15.0 | 2.3% |
| Others | 46.1 | 76.6 | 107 | 110 | 33.6% |
| Total | 377 | 711 | 735 | 1,385 | 54.3% |
Top Suppliers of Winches and Capstans; Powered by an Electric Motor to Latvia in 2022:
- Poland (1454.0 units)
- Lithuania (1052.0 units)
- China (317.0 units)
- Germany (104.0 units)
- Sweden (50.0 units)
- Belgium (46.0 units)
- Finland (34.0 units)
- Belarus (8.0 units)
Exports of Winches and Capstans; Powered by an Electric Motor in Latvia
For the fourth consecutive year, Latvia recorded growth in overseas shipments of winches and capstans; powered by an electric motors, which increased by 95% to 384 units in 2022. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 517%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, exports of winches and capstans; powered by an electric motors skyrocketed to $242K in 2022. Overall, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 2,482% against the previous year. As a result, the exports attained the peak of $440K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Winches and Capstans; Powered by an Electric Motor in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | 265 | 14.3 | 122 | -32.1% |
| Australia | N/A | N/A | N/A | 48.8 | 0% |
| Lithuania | 4.1 | 5.7 | 15.1 | 21.4 | 73.5% |
| Estonia | 5.5 | 1.1 | 24.1 | 15.5 | 41.3% |
| Sweden | 5.1 | 22.1 | 8.1 | 15.0 | 43.3% |
| United Kingdom | N/A | N/A | 30.5 | N/A | 0% |
| Belarus | N/A | 115 | 1.1 | N/A | -99.0% |
| Others | 2.4 | 31.4 | 41.3 | 19.3 | 100.3% |
| Total | 17.0 | 440 | 135 | 242 | 142.4% |
Top Export Markets for Winches and Capstans; Powered by an Electric Motor from Latvia in 2022:
- Australia (186.0 units)
- Lithuania (119.0 units)
- Sweden (27.0 units)
- Russia (26.0 units)
- Estonia (19.0 units)
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