Electric Rotary Converter Price in Latvia - 2023

Contents:

1. Electric Rotary Converter Price in Latvia (CIF) - 2022
2. Electric Rotary Converter Price in Latvia (FOB) - 2022
3. Electric Rotary Converter Imports in Latvia
4. Electric Rotary Converter Exports in Latvia

Electric Rotary Converter Price in Latvia (CIF) - 2022

In 2022, the average electric rotary converter import price amounted to $427 per unit, which is down by -26.9% against the previous year. Overall, the import price, however, enjoyed a pronounced increase. The growth pace was the most rapid in 2014 when the average import price increased by 135% against the previous year. Over the period under review, average import prices hit record highs at $584 per unit in 2021, and then fell markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($639 per unit), while the price for the UK ($41 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Electric Rotary Converter Price in Latvia (FOB) - 2022

The average electric rotary converter export price stood at $735 per unit in 2022, growing by 5.6% against the previous year. Overall, the export price, however, recorded a pronounced decrease. The pace of growth was the most pronounced in 2015 when the average export price increased by 96% against the previous year. As a result, the export price attained the peak level of $5,300 per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +64.5% per year.

Electric Rotary Converter Imports in Latvia

For the fourth consecutive year, Latvia recorded growth in purchases abroad of electric rotary converters, which increased by 13% to 2.5K units in 2022. Over the period under review, imports recorded a significant increase. The growth pace was the most rapid in 2021 with an increase of 215%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, electric rotary converter imports declined markedly to $1.1M in 2022. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 401%. As a result, imports reached the peak of $1.3M, and then fell significantly in the following year.

Top Suppliers of Electric Rotary Converter to Latvia in 2022:

1. Poland (984.0 units)
2. Germany (813.0 units)
3. Lithuania (528.0 units)
4. United Kingdom (137.0 units)
5. Estonia (30.0 units)

Electric Rotary Converter Exports in Latvia

Electric rotary converter exports from Latvia fell sharply to 102 units in 2022, with a decrease of -45.2% on 2021 figures. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 933% against the previous year. As a result, the exports attained the peak of 186 units, and then plummeted in the following year.

In value terms, electric rotary converter exports declined markedly to $75K in 2022. Overall, exports continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2021 with an increase of 532% against the previous year. Over the period under review, the exports reached the peak figure at $195K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Top Export Markets for Electric Rotary Converter from Latvia in 2022:

1. Russia (99.0 units)

Source: IndexBox Market Intelligence Platform