Latvia: Calculator Market 2024

Calculator Market Size in Latvia

The Latvian calculator market soared to $X in 2022, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a pronounced downturn. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Calculator Exports

Exports from Latvia

In 2022, calculator exports from Latvia shrank to X units, almost unchanged from the previous year's figure. Over the period under review, exports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, calculator exports rose markedly to $X in 2022. Overall, exports continue to indicate a noticeable contraction. The pace of growth was the most pronounced in 2018 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Spain (X units), Lithuania (X units) and Greece (X units) were the main destinations of calculator exports from Latvia, together accounting for X% of total exports. Finland, Estonia, Bulgaria, Hungary, Portugal, Romania, Italy, France, Lebanon and Slovakia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for calculator exported from Latvia were Spain ($X), Lithuania ($X) and Estonia ($X), with a combined X% share of total exports. Greece, Bulgaria, Finland, Lebanon, Romania, Hungary, Portugal, Italy, France and Slovakia lagged somewhat behind, together comprising a further X%.

Slovakia, with a CAGR of X.4%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average calculator export price stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, calculator export price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lebanon ($X per unit), while the average price for exports to Slovakia ($X 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 Slovakia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Calculator Imports

Imports into Latvia

In 2022, approx. X units of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions were imported into Latvia; increasing by X% compared with the previous year's figure. Overall, imports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, calculator imports rose sharply to $X in 2022. In general, imports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of calculator to Latvia, accounting for a X% share of total imports. Moreover, calculator imports from China exceeded the figures recorded by the second-largest supplier, Poland (X units), sixfold. Lithuania (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Lithuania (X% per year).

In value terms, China ($X), Poland ($X) and Lithuania ($X) were the largest calculator suppliers to Latvia, with a combined X% share of total imports.

Among the main suppliers, Poland, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average calculator import price stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, calculator import price decreased by X% against 2019 indices. The growth pace was the most rapid in 2019 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :