Non-Enclosed Loudspeakers Price in Latvia - 2023
Contents:
- Non-Enclosed Loudspeakers Price in Latvia (FOB) - 2022
- Non-Enclosed Loudspeakers Price in Latvia (CIF) - 2022
- Non-Enclosed Loudspeakers Exports in Latvia
- Non-Enclosed Loudspeakers Imports in Latvia
Non-Enclosed Loudspeakers Price in Latvia (FOB) - 2022
In 2022, the average non-enclosed loudspeakers export price amounted to $90 per unit, falling by -21.9% against the previous year. Overall, the export price, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in 2014 an increase of 62%. Over the period under review, the average export prices reached the peak figure at $146 per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($185 per unit), while the average price for exports to Lithuania ($32 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 China (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.
Non-Enclosed Loudspeakers Price in Latvia (CIF) - 2022
The average non-enclosed loudspeakers import price stood at $32 per unit in 2022, declining by -35.4% against the previous year. Overall, the import price, however, posted a remarkable increase. The growth pace was the most rapid in 2018 an increase of 87%. Over the period under review, average import prices hit record highs at $62 per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Norway ($75 per unit), while the price for China ($12 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Enclosed Loudspeakers Exports in Latvia
In 2022, shipments abroad of loudspeakers (not in enclosure) decreased by -38.6% to 16K units, falling for the second consecutive year after two years of growth. Over the period under review, exports faced a sharp downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 102%. As a result, the exports reached the peak of 220K units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, non-enclosed loudspeakers exports fell notably to $1.4M in 2022. Overall, exports recorded a sharp setback. The most prominent rate of growth was recorded in 2020 when exports increased by 127% against the previous year. As a result, the exports reached the peak of $32M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Non-Enclosed Loudspeakers in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 0.1 | 0.2 | 0.2 | 0.6 | 81.7% |
| China | N/A | 0.2 | 0.2 | 0.3 | 22.5% |
| United Arab Emirates | N/A | N/A | N/A | 0.2 | 0% |
| United States | N/A | N/A | N/A | 0.1 | 0% |
| Hong Kong SAR | N/A | N/A | 0.2 | 0.1 | -50.0% |
| Germany | 3.0 | 3.5 | 0.2 | N/A | -74.2% |
| Lithuania | 1.0 | 1.6 | 0.1 | N/A | -68.4% |
| Czech Republic | 2.1 | 1.1 | N/A | N/A | -47.6% |
| Italy | 3.9 | 16.3 | 1.5 | N/A | -38.0% |
| Netherlands | 1.4 | 2.0 | 0.2 | N/A | -62.2% |
| Others | 2.5 | 7.1 | 0.4 | 0.1 | -65.8% |
| Total | 14.1 | 32.0 | 2.9 | 1.4 | -53.7% |
Top Export Markets for Non-Enclosed Loudspeakers from Latvia in 2022:
- Russia (8.8K units)
- China (2.2K units)
- United Arab Emirates (1.2K units)
- United States (1.1K units)
- Lithuania (0.7K units)
- Hong Kong SAR (0.4K units)
- Germany (0.2K units)
Non-Enclosed Loudspeakers Imports in Latvia
In 2022, overseas purchases of loudspeakers (not in enclosure) decreased by -50.2% to 34K units, falling for the second year in a row after two years of growth. Over the period under review, imports saw a sharp shrinkage. The growth pace was the most rapid in 2020 with an increase of 105%. As a result, imports reached the peak of 615K units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, non-enclosed loudspeakers imports shrank notably to $1.1M in 2022. Overall, imports recorded a significant curtailment. The pace of growth appeared the most rapid in 2020 when imports increased by 102% against the previous year. As a result, imports attained the peak of $37M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Non-Enclosed Loudspeakers in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 5.8 | 3.4 | 0.8 | 0.5 | -55.8% |
| Estonia | 0.1 | 0.4 | 0.2 | 0.2 | 26.0% |
| Finland | 0.4 | 0.2 | N/A | 0.1 | -37.0% |
| Norway | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Germany | 1.3 | 8.8 | 1.1 | N/A | -8.0% |
| Slovakia | 0.3 | 0.6 | 0.2 | N/A | -18.4% |
| China | 0.1 | 0.1 | 0.2 | N/A | 41.4% |
| Sweden | 5.1 | 11.0 | N/A | N/A | 115.7% |
| Poland | 0.4 | 0.4 | 0.1 | N/A | -50.0% |
| Czech Republic | 1.6 | 0.7 | N/A | N/A | -56.3% |
| Netherlands | 0.1 | 1.3 | N/A | N/A | 1200.0% |
| Others | 3.3 | 10.5 | 0.9 | 0.1 | -68.8% |
| Total | 18.6 | 37.4 | 3.4 | 1.1 | -61.0% |
Top Suppliers of Non-Enclosed Loudspeakers to Latvia in 2022:
- Lithuania (20.0K units)
- Estonia (4.6K units)
- China (3.7K units)
- Norway (1.4K units)
- Finland (1.3K units)
- Poland (0.7K units)
- Germany (0.6K units)
- Czech Republic (0.3K units)
- Netherlands (0.2K units)
- Sweden (0.1K units)
- Slovakia (0.1K units)
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