Report Update: May 1, 2024

Latvia - Non-Self-Propelled Fork-Lift Trucks - Market Analysis, Forecast, Size, Trends And Insights

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Non-Self-Propelled Fork-Lift Truck Price in Latvia - 2023

Non-Self-Propelled Fork-Lift Truck Price in Latvia (CIF) - 2022

The average non-self-propelled fork-lift truck import price stood at $321 per unit in 2022, waning by -12.1% against the previous year. Over the period under review, the import price saw a abrupt decline. The pace of growth appeared the most rapid in 2016 when the average import price increased by 30% against the previous year. Over the period under review, average import prices hit record highs at $545 per unit in 2012; however, from 2013 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 Lithuania ($800 per unit), while the price for India ($192 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+12.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Non-Self-Propelled Fork-Lift Truck Price in Latvia (FOB) - 2022

The average non-self-propelled fork-lift truck export price stood at $1,735 per unit in 2022, picking up by 218% against the previous year. Overall, the export price saw a resilient expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($3,142 per unit), while the average price for exports to Ireland ($130 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 the Czech Republic (+846.3%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Self-Propelled Fork-Lift Truck Imports in Latvia

In 2022, non-self-propelled fork-lift truck imports into Latvia surged to 3.1K units, picking up by 30% on 2021 figures. The total import volume increased at an average annual rate of +1.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-self-propelled fork-lift truck imports expanded markedly to $1M in 2022. The total import value increased at an average annual rate of +8.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 26% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Import of Non-Self-Propelled Fork-Lift Truck in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Vietnam	139	78.9	69.8	176	8.2%
China	48.2	99.2	127	143	43.7%
France	4.8	7.7	8.1	126	197.2%
Estonia	168	179	182	121	-10.4%
Germany	81.7	134	164	87.9	2.5%
Poland	29.4	25.9	29.8	81.6	40.5%
Sweden	189	72.9	76.1	72.6	-27.3%
Lithuania	14.1	43.2	20.9	51.2	53.7%
India	N/A	N/A	N/A	33.4	0%
Denmark	29.2	21.2	73.0	29.5	0.3%
Malaysia	32.8	N/A	N/A	N/A	0%
Others	41.0	35.0	126	79.1	24.5%
Total	777	697	876	1,001	8.8%

Top Suppliers of Non-Self-Propelled Fork-Lift Truck to Latvia in 2022:

Vietnam (866.0 units)
China (590.0 units)
Estonia (462.0 units)
Poland (218.0 units)
France (204.0 units)
Germany (194.0 units)
India (174.0 units)
Sweden (172.0 units)
Lithuania (64.0 units)
Denmark (34.0 units)

Non-Self-Propelled Fork-Lift Truck Exports in Latvia

Non-self-propelled fork-lift truck exports from Latvia dropped rapidly to 106 units in 2022, which is down by -61.3% against the previous year's figure. Overall, exports saw a dramatic downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 163%. As a result, the exports attained the peak of 274 units, and then fell remarkably in the following year.

In value terms, non-self-propelled fork-lift truck exports surged to $184K in 2022. Over the period under review, exports saw a pronounced shrinkage. The exports peaked at $207K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Non-Self-Propelled Fork-Lift Truck in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	62.8	36.6	35.9	110	20.5%
Czech Republic	N/A	N/A	0.2	20.1	9950.0%
Lithuania	40.0	6.3	9.0	19.9	-20.8%
Estonia	93.7	21.5	15.9	15.7	-44.9%
Moldova	N/A	N/A	N/A	0.9	0%
Ireland	N/A	N/A	N/A	0.8	0%
Spain	N/A	N/A	1.9	0.8	-57.9%
Ukraine	N/A	29.4	N/A	0.4	-88.3%
Germany	N/A	0.2	61.8	0.3	22.5%
Cameroon	N/A	N/A	2.7	N/A	0%
Others	10.4	38.9	21.9	15.1	13.2%
Total	207	133	149	184	-3.9%

Top Export Markets for Non-Self-Propelled Fork-Lift Truck from Latvia in 2022:

Russia (35.0 units)
Estonia (25.0 units)
Lithuania (21.0 units)
Czech Republic (9.0 units)
Ireland (6.0 units)
Moldova (3.0 units)
Spain (2.0 units)
Ukraine (1.0 units)
Germany (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the non-self-propelled fork-lift truck 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 28221550 - Fork-lift trucks and other works trucks fitted with lifting or handling equipment (excluding self-propelled trucks)

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
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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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023