Latvia - Mobile Phones - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMobile Phone Price in Latvia - 2023
Contents:
- Mobile Phone Price in Latvia (CIF) - 2022
- Mobile Phone Price in Latvia (FOB) - 2023
- Mobile Phone Imports in Latvia
- Mobile Phone Exports in Latvia
Mobile Phone Price in Latvia (CIF) - 2022
In 2022, the average mobile phone import price amounted to $277 per unit, with a decrease of -5.3% against the previous year. Overall, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mobile phone import price decreased by -16.1% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 36% against the previous year. The import price peaked at $330 per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
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 Finland ($549 per unit), while the price for China ($148 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+18.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Mobile Phone Price in Latvia (FOB) - 2023
The average mobile phone export price stood at $302 per unit in October 2023, which is down by -23.2% against the previous month. Over the period under review, the export price showed a mild setback. The pace of growth appeared the most rapid in January 2023 an increase of 17% m-o-m. Over the period under review, the average export prices hit record highs at $394 per unit in September 2023, and then declined remarkably in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Finland ($391 per unit), while the average price for exports to Estonia ($228 per unit) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+1.2%), while the prices for the other major destinations experienced a decline.
Mobile Phone Imports in Latvia
In 2022, purchases abroad of mobile phones was finally on the rise to reach 1.6M units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a relatively flat trend pattern. Over the period under review, imports hit record highs at 1.6M units in 2019; afterwards, it flattened through to 2022.
In value terms, mobile phone imports rose modestly to $436M in 2022. In general, imports, however, recorded a slight downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 13%. As a result, imports reached the peak of $515M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Import of Mobile Phone in Latvia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | 137 | 138 | 157 | 180 | 9.5% |
Lithuania | 79.7 | 157 | 116 | 133 | 18.6% |
Poland | 9.6 | 19.1 | 31.5 | 34.7 | 53.5% |
China | 16.9 | 21.5 | 31.1 | 21.1 | 7.7% |
Czech Republic | 31.9 | 17.7 | 8.0 | 12.9 | -26.1% |
Germany | 10.9 | 9.6 | 8.3 | 11.1 | 0.6% |
Estonia | 4.9 | 7.6 | 6.8 | 8.7 | 21.1% |
Italy | 1.9 | 3.5 | 1.2 | 5.8 | 45.1% |
Sweden | 56.1 | 61.0 | N/A | 0.1 | -87.9% |
Others | 108 | 80.7 | 60.7 | 28.1 | -36.2% |
Total | 457 | 515 | 421 | 436 | -1.6% |
Top Suppliers of Mobile Phone to Latvia in 2022:
- Vietnam (638.2K units)
- Lithuania (329.3K units)
- Poland (170.5K units)
- China (143.1K units)
- Czech Republic (73.9K units)
- Germany (52.3K units)
- Estonia (34.8K units)
- Italy (32.5K units)
- Sweden (0.6K units)
Mobile Phone Exports in Latvia
In 2022, approx. 1M units of mobile phones were exported from Latvia; increasing by 3.3% on 2021. In general, exports, however, continue to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by 12%. As a result, the exports attained the peak of 1.2M units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, mobile phone exports rose modestly to $339M in 2022. Overall, exports, however, saw a perceptible contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 21%. As a result, the exports reached the peak of $436M. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Mobile Phone in Latvia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lithuania | 137 | 157 | 194 | 192 | 11.9% |
Estonia | 50.4 | 54.2 | 73.2 | 111 | 30.1% |
Poland | 11.1 | 20.5 | 5.2 | 6.4 | -16.8% |
United Arab Emirates | N/A | 15.3 | 7.1 | 6.1 | -36.9% |
Germany | 35.7 | 37.8 | 11.5 | 5.5 | -46.4% |
Czech Republic | 21.2 | 18.9 | 1.2 | 1.0 | -63.9% |
Others | 106 | 132 | 40.4 | 16.7 | -46.0% |
Total | 361 | 436 | 332 | 339 | -2.1% |
Top Export Markets for Mobile Phone from Latvia in 2022:
- Lithuania (507.6K units)
- Estonia (414.0K units)
- Germany (24.9K units)
- United Arab Emirates (23.3K units)
- Poland (23.3K units)
- Czech Republic (2.1K units)
This report provides an in-depth analysis of the mobile phone 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 26302200 - Telephones for cellular networks or for other wireless networks
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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