Latvia - Iron Or Steel Gas Domestic Appliances - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Gas Appliances Price in Latvia - 2023
Contents:
- Metal Gas Appliances Price in Latvia (CIF) - 2022
- Metal Gas Appliances Price in Latvia (FOB) - 2022
- Metal Gas Appliances Imports in Latvia
- Metal Gas Appliances Exports in Latvia
Metal Gas Appliances Price in Latvia (CIF) - 2022
The average metal gas appliances import price stood at $8 per unit in 2022, declining by -80% against the previous year. Overall, the import price faced a sharp downturn. The most prominent rate of growth was recorded in 2017 an increase of 85%. The import price peaked at $288 per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($264 per unit), while the price for Turkey ($4.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Metal Gas Appliances Price in Latvia (FOB) - 2022
The average metal gas appliances export price stood at $14 per unit in 2022, falling by -57.1% against the previous year. In general, the export price showed a deep slump. The most prominent rate of growth was recorded in 2015 when the average export price increased by 699% against the previous year. Over the period under review, the average export prices hit record highs at $712 per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($6,555 per unit), while the average price for exports to Estonia ($116 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 Moldova (+15.7%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Gas Appliances Imports in Latvia
For the fourth year in a row, Latvia recorded growth in overseas purchases of iron or steel gas domestic appliances, which increased by 621% to 75K units in 2022. In general, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, metal gas appliances imports skyrocketed to $604K in 2022. Over the period under review, imports showed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 84%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Metal Gas Appliances in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 1.8 | 36.9 | 114 | 695.8% |
| Germany | 11.9 | 2.6 | 24.7 | 102 | 104.7% |
| Estonia | 13.4 | 21.4 | 61.1 | 94.7 | 91.9% |
| Russia | 36.2 | 55.2 | 178 | 93.9 | 37.4% |
| Lithuania | 51.0 | 39.3 | 50.6 | 61.5 | 6.4% |
| Poland | 10.1 | 2.4 | 22.8 | 47.2 | 67.2% |
| Turkey | N/A | N/A | N/A | 3.0 | 0% |
| Others | 168 | 104 | 43.9 | 87.1 | -19.7% |
| Total | 290 | 227 | 418 | 604 | 27.7% |
Top Suppliers of Metal Gas Appliances to Latvia in 2022:
- China (1.8K units)
- Estonia (1.7K units)
- Lithuania (1.2K units)
- Turkey (0.7K units)
- Poland (0.6K units)
- Germany (0.5K units)
- Russia (0.4K units)
Metal Gas Appliances Exports in Latvia
Metal gas appliances exports from Latvia skyrocketed to 9.2K units in 2022, increasing by 63% against 2021. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 963% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.
In value terms, metal gas appliances exports reduced dramatically to $126K in 2022. Overall, total exports indicated a tangible increase from 2019 to 2022: its value increased at an average annual rate of +4.5% 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 +31.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 87%. As a result, the exports reached the peak of $179K, and then declined significantly in the following year.
| Export of Metal Gas Appliances in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | N/A | N/A | N/A | 39.3 | 0% |
| Lithuania | 33.5 | 48.2 | 85.1 | 38.4 | 4.7% |
| Russia | 72.3 | 25.9 | 23.9 | 21.1 | -33.7% |
| Estonia | 4.2 | 18.2 | 26.3 | 6.0 | 12.6% |
| Moldova | N/A | 0.7 | N/A | 5.2 | 172.6% |
| Finland | N/A | N/A | 1.8 | 3.7 | 105.6% |
| Czech Republic | N/A | N/A | 34.5 | N/A | 0% |
| Others | 0.2 | 2.6 | 7.5 | 11.7 | 288.2% |
| Total | 110 | 95.6 | 179 | 126 | 4.6% |
Top Export Markets for Metal Gas Appliances from Latvia in 2022:
- Lithuania (0.2K units)
- Estonia (0.1K units)
This report provides an in-depth analysis of the metal gas appliances 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 27521234 - Iron or steel gas domestic appliances, including heaters, g rates, fires and braziers, for both gas and other fuels radiators (excluding cooking appliances and plate warmers )
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In 2016, the global home appliance imports stood at X tons, coming up by X% against the previous year level. In general, home appliance imports continue to indicate a relatively flat trend patter...
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