Report Update: May 1, 2024

Latvia - Endless Bands For Machinery, Of Stainless Steel - Market Analysis, Forecast, Size, Trends And Insights

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Endless Machinery Band Price in Latvia - 2022

Endless Machinery Band Price in Latvia (CIF) - 2022

The average endless machinery band import price stood at $15 per square meter in 2022, rising by 39% against the previous year. Overall, the import price saw a resilient expansion. The growth pace was the most rapid in 2013 when the average import price increased by 115% against the previous year. Over the period under review, average import prices attained the peak figure at $21 per square meter in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($116 per square meter), while the price for Lithuania ($3.6 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Endless Machinery Band Price in Latvia (FOB) - 2022

In 2022, the average endless machinery band export price amounted to $60 per square meter, stabilizing at the previous year. In general, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2017 an increase of 1,980% against the previous year. Over the period under review, the average export prices reached the peak figure at $221 per square meter in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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

From 2013 to 2022, the rate of growth in terms of prices for Russia amounted to +149.9% per year.

Endless Machinery Band Imports in Latvia

In 2022, after two years of decline, there was significant growth in overseas purchases of endless bands for machinery, of stainless steel, when their volume increased by 16% to 6.6K square meters. Overall, imports, however, continue to indicate a sharp downturn. Imports peaked at 83K square meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, endless machinery band imports surged to $101K in 2022. Over the period under review, imports, however, faced a sharp contraction. Over the period under review, imports attained the maximum at $743K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Endless Machinery Band in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	34.5	30.8	18.4	38.5	3.7%
Sweden	32.2	7.0	23.1	30.9	-1.4%
Poland	2.2	13.3	3.0	27.5	132.1%
Lithuania	631	N/A	2.9	3.4	-82.5%
Italy	6.5	15.8	8.0	0.6	-54.8%
Czech Republic	36.2	1.5	N/A	N/A	-95.9%
Others	0.4	7.3	7.3	N/A	327.2%
Total	743	75.6	62.6	101	-48.6%

Top Suppliers of Endless Machinery Band to Latvia in 2022:

Sweden (3.5K square meters)
Poland (1.7K square meters)
Lithuania (0.9K square meters)
Germany (0.3K square meters)
Italy (0.1K square meters)

Endless Machinery Band Exports in Latvia

In 2022, shipments abroad of endless bands for machinery, of stainless steel decreased by 0% to 133 square meters, falling for the second year in a row after two years of growth. Overall, exports saw a mild curtailment. The growth pace was the most rapid in 2020 when exports increased by 1.5% against the previous year. As a result, the exports reached the peak of 139 square meters. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, endless machinery band exports totaled $8K in 2022. Over the period under review, exports saw a sharp descent. The smallest decline of -83.9% was in 2020. The exports peaked at $30K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Endless Machinery Band in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Lithuania	N/A	2.6	N/A	8.0	75.4%
Russia	30.3	2.3	N/A	N/A	-92.4%
Others	N/A	N/A	N/A	N/A	0%
Total	30.3	4.9	N/A	8.0	-35.8%

Top Export Markets for Endless Machinery Band from Latvia in 2022:

Lithuania (133.0 square meters)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the endless machinery band 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 25931313 - Endless bands for machinery, of stainless steel

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023