Weaving Machines (Looms) Price in Latvia - 2023
Contents:
- Weaving Machines (Looms) Price in Latvia (CIF) - 2022
- Weaving Machines (Looms) Price in Latvia (FOB) - 2022
- Weaving Machines (Looms) Imports in Latvia
- Weaving Machines (Looms) Exports in Latvia
Weaving Machines (Looms) Price in Latvia (CIF) - 2022
The average weaving machines (looms) import price stood at $33,827 per unit in 2022, picking up by 52% against the previous year. Over the period under review, the import price showed a strong increase. The pace of growth appeared the most rapid in 2013 when the average import price increased by 532%. As a result, import price attained the peak level of $52,405 per unit. From 2014 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Norway ($50,098 per unit), while the price for Lithuania ($2,296 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+120.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Weaving Machines (Looms) Price in Latvia (FOB) - 2022
In 2020, the average weaving machines (looms) export price amounted to $2,612 per unit, with an increase of 127% against the previous year. Over the period under review, the export price, however, continues to indicate a drastic downturn. The export price peaked at $123,437 per unit in 2017; however, from 2018 to 2020, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Pakistan.
From 2012 to 2020, the rate of growth in terms of prices for India amounted to +79.3% per year.
Weaving Machines (Looms) Imports in Latvia
After three years of growth, overseas purchases of weaving machines (looms)s decreased by -71.4% to 4 units in 2022. Over the period under review, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 180%. As a result, imports attained the peak of 14 units, and then shrank markedly in the following year.
In value terms, weaving machines (looms) imports contracted markedly to $135K in 2022. In general, imports, however, saw a significant expansion. The growth pace was the most rapid in 2021 with an increase of 145% against the previous year. As a result, imports attained the peak of $311K, and then declined markedly in the following year.
| Import of Weaving Machines (Looms) in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | N/A | N/A | 82.9 | 0% |
| Norway | N/A | N/A | 30.6 | 50.1 | 63.7% |
| Lithuania | N/A | N/A | N/A | 2.3 | 0% |
| Switzerland | N/A | N/A | 122 | N/A | 0% |
| Germany | 30.2 | 79.4 | N/A | N/A | 162.9% |
| United Kingdom | N/A | N/A | 24.0 | N/A | 0% |
| France | 23.6 | 47.5 | 135 | N/A | 139.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 53.9 | 127 | 311 | 135 | 35.8% |
Top Suppliers of Weaving Machines (Looms) to Latvia in 2022:
- Turkey (2.0 units)
- Norway (1.0 units)
- Lithuania (1.0 units)
Weaving Machines (Looms) Exports in Latvia
Weaving machines (looms) exports from Latvia fell remarkably to 26 units in 2020, which is down by -29.7% compared with 2019 figures. Overall, exports faced a precipitous shrinkage. The exports peaked at 37 units in 2019, and then shrank dramatically in the following year.
In value terms, weaving machines (looms) exports soared to $68K in 2020. In general, total exports indicated a significant expansion from 2019 to 2020: its value increased at an average annual rate of +59.4% over the last one-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Weaving Machines (Looms) in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
| Pakistan | 22.8 | 67.9 | 197.8% | ||
| Lithuania | 19.8 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 42.6 | 67.9 | 59.4% | ||
Top Export Markets for Weaving Machines (Looms) from Latvia in 2022:
- Pakistan (26.0 units)
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