Isolating Switch Price in Latvia - 2023
Contents:
- Isolating Switch Price in Latvia (CIF) - 2022
- Isolating Switch Price in Latvia (FOB) - 2022
- Isolating Switch Imports in Latvia
- Isolating Switch Exports in Latvia
Isolating Switch Price in Latvia (CIF) - 2022
In 2022, the average isolating switch import price amounted to $44 per unit, shrinking by -16.3% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 116%. The import price peaked at $59 per unit in 2014; however, from 2015 to 2022, import prices remained at a 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 ($172 per unit), while the price for Russia ($12 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Isolating Switch Price in Latvia (FOB) - 2022
The average isolating switch export price stood at $31 per unit in 2022, with a decrease of -3.7% against the previous year. In general, the export price saw a noticeable setback. The pace of growth was the most pronounced in 2016 when the average export price increased by 25%. The export price peaked at $78 per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($177 per unit), while the average price for exports to Lithuania ($28 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 Russia (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.
Isolating Switch Imports in Latvia
In 2022, the amount of isolating switches & make-and-break switches imported into Latvia dropped notably to 23K units, declining by -34.1% compared with 2021. In general, imports saw a dramatic descent. The pace of growth appeared the most rapid in 2021 with an increase of 28% against the previous year. Over the period under review, imports reached the peak figure at 70K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, isolating switch imports dropped markedly to $1M in 2022. Over the period under review, imports recorded a abrupt descent. The growth pace was the most rapid in 2021 when imports increased by 176%. As a result, imports reached the peak of $1.9M, and then fell notably in the following year.
| Import of Isolating Switch in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | N/A | N/A | 44.5 | 181 | 306.7% |
| Netherlands | 3.6 | 1.0 | 0.6 | 181 | 269.1% |
| Estonia | 7.6 | 34.7 | 89.3 | 167 | 180.1% |
| Poland | 394 | 254 | 187 | 162 | -25.6% |
| Italy | 383 | 28.4 | 79.5 | 147 | -27.3% |
| Germany | 312 | 316 | 236 | 136 | -24.2% |
| Lithuania | 18.1 | 11.9 | 20.0 | 9.8 | -18.5% |
| Russia | 3.6 | 10.5 | 36.4 | 3.4 | -1.9% |
| Switzerland | N/A | N/A | 1,139 | N/A | 0% |
| Australia | 169 | N/A | N/A | N/A | 0% |
| Others | 40.8 | 18.4 | 30.1 | 39.0 | -1.5% |
| Total | 1,331 | 675 | 1,863 | 1,027 | -8.3% |
Top Suppliers of Isolating Switch to Latvia in 2022:
- Italy (7.1K units)
- Poland (5.4K units)
- Estonia (5.0K units)
- Czech Republic (2.0K units)
- Netherlands (1.8K units)
- Germany (0.8K units)
- Lithuania (0.4K units)
- Russia (0.3K units)
Isolating Switch Exports in Latvia
In 2022, after three years of growth, there was significant decline in overseas shipments of isolating switches & make-and-break switches, when their volume decreased by -32.3% to 6.2K units. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 95%. As a result, the exports attained the peak of 9.1K units, and then contracted markedly in the following year.
In value terms, isolating switch exports shrank rapidly to $192K in 2022. In general, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 134%. As a result, the exports reached the peak of $294K, and then shrank sharply in the following year.
| Export of Isolating Switch in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 8.4 | 29.5 | 56.1 | 158 | 165.9% |
| Russia | 29.7 | 22.6 | 88.1 | 13.8 | -22.5% |
| Estonia | 21.3 | 70.8 | 89.0 | 10.6 | -20.8% |
| Kazakhstan | 12.3 | N/A | 60.5 | 0.1 | -79.9% |
| Others | 18.0 | 2.6 | N/A | 8.7 | -21.5% |
| Total | 89.6 | 126 | 294 | 192 | 28.9% |
Top Export Markets for Isolating Switch from Latvia in 2022:
- Lithuania (5.7K units)
- Estonia (0.4K units)
- Russia (0.1K units)
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