Latvia - Root Or Tuber Harvesting Machines - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHarvesting Machinery Price in Latvia - 2023
Contents:
- Harvesting Machinery Price in Latvia (CIF) - 2022
- Harvesting Machinery Price in Latvia (FOB) - 2022
- Harvesting Machinery Imports in Latvia
- Harvesting Machinery Exports in Latvia
Harvesting Machinery Price in Latvia (CIF) - 2022
The average harvesting machinery import price stood at $61,525 per unit in 2022, growing by 7.2% against the previous year. Overall, the import price continues to indicate a temperate increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 158%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($182,545 per unit), while the price for Slovenia ($1,374 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+340.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Harvesting Machinery Price in Latvia (FOB) - 2022
In 2022, the average harvesting machinery export price amounted to $92,933 per unit, with an increase of 14,356% against the previous year. Over the period under review, the export price posted a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Russia.
From 2013 to 2022, the rate of growth in terms of prices for Russia amounted to +22.4% per year.
Harvesting Machinery Imports in Latvia
In 2022, the amount of root or tuber harvesting machines imported into Latvia fell notably to 11 units, declining by -38.9% on the year before. Overall, imports, however, posted a notable increase. The growth pace was the most rapid in 2021 when imports increased by 125%. As a result, imports reached the peak of 18 units, and then contracted notably in the following year.
In value terms, harvesting machinery imports fell dramatically to $677K in 2022. In general, imports, however, showed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 222%. As a result, imports attained the peak of $1M, and then fell remarkably in the following year.
| Import of Harvesting Machinery in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 58.7 | N/A | N/A | 412 | 91.5% |
| Germany | N/A | 212 | 853 | 183 | -7.1% |
| Poland | 42.7 | 102 | 155 | 67.7 | 16.6% |
| Lithuania | 4.2 | N/A | 0.3 | 10.7 | 36.6% |
| Sweden | N/A | 0.7 | 1.2 | 2.2 | 77.3% |
| Slovenia | N/A | N/A | N/A | 1.4 | 0% |
| Russia | 0.9 | 1.9 | 6.7 | N/A | 172.8% |
| Norway | 0.3 | N/A | N/A | N/A | 0% |
| United States | N/A | N/A | 11.6 | N/A | 0% |
| Finland | 30.3 | N/A | N/A | N/A | 0% |
| Denmark | 18.2 | N/A | N/A | N/A | 0% |
| Estonia | N/A | N/A | 4.1 | N/A | 0% |
| Belarus | 0.3 | 4.9 | 0.6 | N/A | 41.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 156 | 321 | 1,033 | 677 | 63.1% |
Top Suppliers of Harvesting Machinery to Latvia in 2022:
- Netherlands (5.0 units)
- Poland (2.0 units)
- Lithuania (1.0 units)
- Slovenia (1.0 units)
- Sweden (1.0 units)
- Germany (1.0 units)
Harvesting Machinery Exports in Latvia
Harvesting machinery exports from Latvia shrank significantly to 4 units in 2022, dropping by -99.7% compared with 2021. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 115,500% against the previous year. As a result, the exports reached the peak of 1.2K units, and then fell markedly in the following year.
In value terms, harvesting machinery exports shrank sharply to $372K in 2022. In general, exports, however, recorded a significant increase. The growth pace was the most rapid in 2021 when exports increased by 232,133% against the previous year. As a result, the exports attained the peak of $743K, and then contracted significantly in the following year.
| Export of Harvesting Machinery in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | N/A | N/A | 372 | 0% |
| Kazakhstan | N/A | 0.3 | 722 | N/A | 240566.7% |
| Others | 57.1 | N/A | 21.2 | N/A | -39.1% |
| Total | 57.1 | 0.3 | 743 | 372 | 86.8% |
Top Export Markets for Harvesting Machinery from Latvia in 2022:
- Russia (4.0 units)
This report provides an in-depth analysis of the harvesting machinery market in Latvia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28305420 - Potato-diggers and potato harvesters
- Prodcom 28305450 - Beet-topping machines and beet harvesters
- Prodcom 28305480 - Root or tuber harvesting machines (excluding potato-diggers and potato harvesters, beet-topping machines and beet harvesters)
Country coverage:
- Latvia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Latvia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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