Report Update: May 1, 2024

Latvia - Household Dishwashing Machines - Market Analysis, Forecast, Size, Trends And Insights

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Household Dishwashing Machine Price in Latvia - 2023

Household Dishwashing Machine Price in Latvia (CIF) - 2023

The average household dishwashing machine import price stood at $343 per unit in September 2023, with a decrease of -1.7% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 an increase of 20% against the previous month. Over the period under review, average import prices reached the maximum at $390 per unit in May 2023; however, from June 2023 to September 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($695 per unit), while the price for Romania ($66.8 per unit) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Poland (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Household Dishwashing Machine Price in Latvia (FOB) - 2023

In September 2023, the average household dishwashing machine export price amounted to $430 per unit, picking up by 2.3% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 when the average export price increased by 15% m-o-m. As a result, the export price reached the peak level of $472 per unit. From August 2023 to September 2023, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was Kyrgyzstan ($1,085 per unit), while the average price for exports to Lithuania ($375 per unit) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+15.7%), while the prices for the other major destinations experienced more modest paces of growth.

Household Dishwashing Machine Imports in Latvia

For the fourth consecutive year, Latvia recorded growth in purchases abroad of household dishwashing machines, which increased by 16% to 36K units in 2022. The total import volume increased at an average annual rate of +14.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, household dishwashing machine imports expanded remarkably to $10M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +17.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.1% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 26%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Import of Household Dishwashing Machine in Latvia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Poland	2.3	3.0	3.6	3.7	17.2%
Lithuania	0.7	1.1	1.4	1.9	39.5%
Sweden	1.7	1.6	1.3	1.5	-4.1%
Germany	0.8	0.8	1.0	1.1	11.2%
Estonia	0.4	0.6	0.9	0.9	31.0%
Italy	0.1	0.2	0.5	0.4	58.7%
China	0.2	0.4	0.4	0.3	14.5%
Others	N/A	N/A	N/A	0.2	0%
Total	6.2	7.8	9.1	10.0	17.3%

Top Suppliers of Household Dishwashing Machine to Latvia in 2022:

Poland (17.0K units)
Lithuania (6.5K units)
Sweden (4.5K units)
Estonia (3.1K units)
Germany (1.9K units)
Italy (1.7K units)
China (1.6K units)

Household Dishwashing Machine Exports in Latvia

In 2022, shipments abroad of household dishwashing machines decreased by -1.3% to 10K units for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +12.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +40.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 36% against the previous year. As a result, the exports reached the peak of 10K units, and then declined in the following year.

In value terms, household dishwashing machine exports shrank to $4M in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +14.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.4% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 49% against the previous year. As a result, the exports reached the peak of $4.2M, and then contracted in the following year.

Export of Household Dishwashing Machine in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Estonia	893	1,485	1,714	1,605	21.6%
Lithuania	998	1,001	1,848	1,269	8.3%
Russia	9.1	10.7	5.5	532	288.1%
Poland	260	62.8	40.4	118	-23.2%
Czech Republic	141	59.0	174	97.0	-11.7%
Israel	98.2	N/A	256	9.5	-54.1%
Others	259	223	193	343	9.8%
Total	2,659	2,842	4,232	3,973	14.3%

Top Export Markets for Household Dishwashing Machine from Latvia in 2022:

Estonia (4.6K units)
Lithuania (3.2K units)
Russia (1.5K units)
Czech Republic (0.3K units)
Poland (0.3K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the household dishwashing machine 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 27511200 - Household dishwashing machines

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