Report Update: May 1, 2024

Latvia - Machinery For Filling, Closing, Sealing, Capsuling Or Labelling Containers - Market Analysis, Forecast, Size, Trends And Insights

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Filling Containers Machinery Price in Latvia - 2023

Filling Containers Machinery Price in Latvia (CIF) - 2022

The average filling containers machinery import price stood at $8,039 per unit in 2022, reducing by -9% against the previous year. Over the period under review, the import price showed a slight decline. The pace of growth was the most pronounced in 2021 when the average import price increased by 17%. The import price peaked at $9,267 per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($16,340 per unit), while the price for Bulgaria ($3,133 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+47.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Filling Containers Machinery Price in Latvia (FOB) - 2022

In 2022, the average filling containers machinery export price amounted to $7,282 per unit, dropping by -23.5% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 241% against the previous year. The export price peaked at $24,269 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($15,585 per unit), while the average price for exports to Germany ($2,604 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 Poland (+37.7%), while the prices for the other major destinations experienced more modest paces of growth.

Filling Containers Machinery Imports in Latvia

In 2022, purchases abroad of machinery for filling, closing, sealing, capsuling or labelling containers decreased by -27.4% to 477 units, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 45%. As a result, imports attained the peak of 806 units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, filling containers machinery imports contracted dramatically to $3.8M in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 63%. As a result, imports attained the peak of $6.1M. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Filling Containers Machinery in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	163	2,586	375	1,289	99.2%
China	394	713	1,699	1,131	42.1%
Spain	N/A	N/A	186	327	75.8%
Ukraine	114	68.2	143	158	11.5%
Poland	747	137	6.5	144	-42.2%
Germany	653	1,259	1,285	135	-40.9%
Lithuania	749	241	139	122	-45.4%
India	N/A	N/A	N/A	111	0%
Estonia	50.3	5.3	49.9	94.3	23.3%
United States	18.3	4.1	63.1	46.1	36.1%
Canada	405	17.3	N/A	N/A	-95.7%
Others	437	1,037	1,858	277	-14.1%
Total	3,731	6,067	5,805	3,834	0.9%

Top Suppliers of Filling Containers Machinery to Latvia in 2022:

Italy (160.0 units)
China (139.0 units)
Poland (36.0 units)
Ukraine (35.0 units)
Spain (20.0 units)
Lithuania (18.0 units)
India (13.0 units)
Germany (12.0 units)
Estonia (9.0 units)
United States (8.0 units)

Filling Containers Machinery Exports in Latvia

In 2022, overseas shipments of machinery for filling, closing, sealing, capsuling or labelling containers decreased by -42.5% to 239 units, falling for the second year in a row after two years of growth. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 758%. As a result, the exports attained the peak of 446 units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, filling containers machinery exports dropped remarkably to $1.7M in 2022. Overall, exports, however, recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of 203%. Over the period under review, the exports attained the peak figure at $4M in 2021, and then contracted sharply in the following year.

Export of Filling Containers Machinery in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	640	1,823	3,589	1,069	18.6%
Estonia	108	47.2	23.8	265	34.9%
United Kingdom	0.2	0.1	0.2	207	911.5%
Lithuania	27.5	27.0	274	60.1	29.8%
Germany	N/A	275	N/A	2.6	-90.3%
Libya	N/A	133	N/A	N/A	0%
Others	34.7	153	73.4	136	57.7%
Total	810	2,459	3,960	1,740	29.0%

Top Export Markets for Filling Containers Machinery from Latvia in 2022:

Russia (118.0 units)
Estonia (59.0 units)
United Kingdom (45.0 units)
Lithuania (4.0 units)
Germany (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the filling containers 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 28292150 - Machinery for filling, closing, sealing, capsuling or labelling bottles, cans, boxes, bags or other containers, machinery for aerating beverages

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