Multiple Loudspeakers Price in Latvia - 2023

Contents:

  1. Multiple Loudspeakers Price in Latvia (CIF) - 2022
  2. Multiple Loudspeakers Price in Latvia (FOB) - 2022
  3. Multiple Loudspeakers Imports in Latvia
  4. Multiple Loudspeakers Exports in Latvia

Multiple Loudspeakers Price in Latvia (CIF) - 2022

In 2022, the average multiple loudspeakers import price amounted to $96 per unit, growing by 22% against the previous year. In general, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +9.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, multiple loudspeakers import price decreased by -2.2% against 2019 indices. The pace of growth appeared the most rapid in 2013 an increase of 107% against the previous year. Over the period under review, average import prices reached the peak figure at $114 per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 Finland ($139 per unit), while the price for Poland ($31 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+21.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Multiple Loudspeakers Price in Latvia (FOB) - 2022

The average multiple loudspeakers export price stood at $182 per unit in 2022, picking up by 47% against the previous year. In general, the export price saw buoyant growth. The growth pace was the most rapid in 2014 an increase of 129% against the previous year. As a result, the export price attained the peak level of $195 per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($326 per unit), while the average price for exports to Lithuania ($60 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 Ukraine (+27.1%), while the prices for the other major destinations experienced more modest paces of growth.

Multiple Loudspeakers Imports in Latvia

Multiple loudspeakers imports into Latvia surged to 89K units in 2022, jumping by 32% against the year before. The total import volume increased at an average annual rate of +9.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, multiple loudspeakers imports surged to $8.5M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +9.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Multiple Loudspeakers in Latvia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Estonia1,7502,0762,0362,1877.7%
Germany2085804281,38388.0%
France941220144814-4.7%
Finland42.3105426685153.0%
Netherlands31735427152818.5%
Lithuania608389469455-9.2%
Poland11135825139752.9%
China407218288347-5.2%
Others2,1991,5829991,740-7.5%
Total6,5825,8835,3128,5379.1%

Top Suppliers of Multiple Loudspeakers to Latvia in 2022:

  1. Estonia (17.9K units)
  2. Netherlands (16.6K units)
  3. Germany (15.6K units)
  4. Poland (12.7K units)
  5. Lithuania (5.4K units)
  6. China (5.4K units)
  7. Finland (4.9K units)
  8. France (2.5K units)

Multiple Loudspeakers Exports in Latvia

In 2022, shipments abroad of multiple loudspeakers (in enclosure) was finally on the rise to reach 24K units after two years of decline. Overall, exports, however, continue to indicate a abrupt shrinkage. Over the period under review, the exports hit record highs at 35K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, multiple loudspeakers exports soared to $4.4M in 2022. Over the period under review, total exports indicated a moderate increase from 2019 to 2022: its value increased at an average annual rate of +4.9% 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 +58.6% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Multiple Loudspeakers in Latvia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia4101,4661,6542,32778.4%
Lithuania1,107525426581-19.3%
Belarus3.04.40.5553469.1%
Estonia3052592633211.7%
Cyprus0.2N/A0.639.3481.4%
Others1,956495504540-34.9%
Total3,7822,7492,8484,3614.9%

Top Export Markets for Multiple Loudspeakers from Latvia in 2022:

  1. Lithuania (9.8K units)
  2. Russia (7.1K units)
  3. Belarus (2.6K units)
  4. Estonia (2.0K units)
  5. Cyprus (0.6K units)

Source: IndexBox Market Intelligence Platform

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