Latvia - Instruments Using Optical Radiations - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingOptical Radiation Instruments Price in Latvia - 2023
Contents:
- Optical Radiation Instruments Price in Latvia (CIF) - 2022
- Optical Radiation Instruments Price in Latvia (FOB) - 2023
- Optical Radiation Instruments Imports in Latvia
- Optical Radiation Instruments Exports in Latvia
Optical Radiation Instruments Price in Latvia (CIF) - 2022
The average optical radiation instruments import price stood at $3,652 per unit in 2022, growing by 12% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 88% against the previous year. As a result, import price reached the peak level of $4,515 per unit. From 2017 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($11,616 per unit), while the price for Estonia ($908 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+23.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Optical Radiation Instruments Price in Latvia (FOB) - 2023
The average optical radiation instruments export price stood at $7,913 per unit in September 2023, declining by -19.5% against the previous month. In general, the export price continues to indicate a slight contraction. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 148% month-to-month. As a result, the export price attained the peak level of $13,835 per unit; afterwards, it flattened through to September 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Spain ($18,424 per unit), while the average price for exports to Singapore ($5,116 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+212.2%), while the prices for the other major destinations experienced more modest paces of growth.
Optical Radiation Instruments Imports in Latvia
In 2022, the amount of instruments using optical radiations imported into Latvia expanded significantly to 2.6K units, picking up by 6.9% compared with the year before. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +5.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -25.0% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 57%. As a result, imports attained the peak of 3.4K units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, optical radiation instruments imports surged to $9.4M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +13.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -10.4% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 61%. As a result, imports attained the peak of $10M. From 2021 to 2022, the growth of imports remained at a lower figure.
Import of Optical Radiation Instruments in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 2,164 | 4,742 | 2,975 | 3,132 | 13.1% |
Germany | 1,279 | 1,270 | 2,723 | 1,624 | 8.3% |
Netherlands | 2.5 | 65.3 | 614 | 1,580 | 758.2% |
Belgium | 10.4 | 120 | 145 | 712 | 309.1% |
Poland | 426 | 105 | 35.0 | 643 | 14.7% |
United States | 1,372 | 50.3 | 140 | 365 | -35.7% |
France | 283 | 216 | 146 | 268 | -1.8% |
Estonia | 17.8 | 55.0 | 146 | 173 | 113.4% |
Lithuania | 393 | 239 | 312 | 112 | -34.2% |
United Kingdom | 226 | 470 | 33.6 | 47.0 | -40.8% |
Hong Kong SAR | 56.1 | 2,875 | N/A | 0.6 | -78.0% |
Others | 281 | 289 | 561 | 747 | 38.5% |
Total | 6,511 | 10,497 | 7,831 | 9,403 | 13.0% |
Top Suppliers of Optical Radiation Instruments to Latvia in 2022:
- Germany (621.0 units)
- China (531.0 units)
- Belgium (492.0 units)
- Poland (263.0 units)
- Estonia (190.0 units)
- Netherlands (136.0 units)
- France (99.0 units)
- United States (39.0 units)
- Lithuania (29.0 units)
- United Kingdom (6.0 units)
- Hong Kong SAR (1.0 units)
Optical Radiation Instruments Exports in Latvia
For the fourth consecutive year, Latvia recorded growth in overseas shipments of instruments using optical radiations, which increased by 4.7% to 780 units in 2022. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 90%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, optical radiation instruments exports reached $4.4M in 2022. In general, exports showed significant growth. The growth pace was the most rapid in 2020 with an increase of 79% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.
Export of Optical Radiation Instruments in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 28.6 | 39.4 | 55.4 | 635 | 181.1% |
Russia | 539 | 760 | 851 | 581 | 2.5% |
Germany | 110 | 74.8 | 150 | 457 | 60.8% |
Spain | 19.9 | 185 | 28.4 | 356 | 161.5% |
Czech Republic | 7.5 | 23.9 | 42.4 | 342 | 257.3% |
Hungary | 1.0 | 5.4 | 19.4 | 328 | 589.6% |
Poland | 15.9 | 13.8 | 33.5 | 312 | 169.7% |
Ukraine | 332 | 550 | 478 | 251 | -8.9% |
Estonia | 6.8 | 48.7 | 131 | 175 | 195.2% |
Lithuania | 81.0 | 184 | 327 | 168 | 27.5% |
Netherlands | 5.2 | 8.3 | 3.0 | 164 | 215.9% |
Belarus | 4.4 | 6.3 | 1.0 | 61.5 | 140.9% |
Uzbekistan | 10.3 | 138 | 173 | 5.8 | -17.4% |
Others | 386 | 731 | 1,649 | 536 | 11.6% |
Total | 1,547 | 2,768 | 3,942 | 4,373 | 41.4% |
Top Export Markets for Optical Radiation Instruments from Latvia in 2022:
- Russia (127.0 units)
- Italy (100.0 units)
- Germany (100.0 units)
- Ukraine (64.0 units)
- Spain (62.0 units)
- Poland (55.0 units)
- Czech Republic (49.0 units)
- Hungary (36.0 units)
- Estonia (27.0 units)
- Belarus (20.0 units)
- Netherlands (19.0 units)
- Lithuania (19.0 units)
- Uzbekistan (1.0 units)
This report provides an in-depth analysis of the optical radiation instruments 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 26515350 - Instruments and apparatus using optical radiations, n.e.c.
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.
-
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
-
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
-
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
-
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
-
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
-
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
-
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
This report provides an in-depth analysis of the optical radiation instruments market in Latvia.
This report provides an in-depth analysis of the chromatograph market in Latvia.
This report provides an in-depth analysis of the market for gas and smoke analyser in Latvia.
This report provides an in-depth analysis of the spectrometers and spectrophotometers market in Latvia.
This report provides an in-depth analysis of the cumene market in Latvia.
This report provides an in-depth analysis of the global optical radiation instruments market.
This report provides an in-depth analysis of the global chromatograph market.
This report provides an in-depth analysis of the global market for gas and smoke analyser.
Global Ph And Rh Meter Market Report 2018. This report provides an in-depth analysis of the global market for ph and rh meter.
This report provides an in-depth analysis of the global spectrometers and spectrophotometers market.
Explore the top import markets for optical radiation instruments and analyze their import values in 2022. China, United States, and Germany lead the pack with high import values. Discover key statistics and market trends in this article.
Cumene is a key chemical compound used in various industries, including the production of phenol and acetone. In this article, we explore the top import markets for cumene, including China, Belgium, Taiwan (Chinese), the United States, and Italy. These countries exhibit significant demand for cumene due to their thriving chemical and manufacturing sectors. Market intelligence platforms like IndexBox provide valuable insights and data to help businesses navigate the global cumene market and identify growth opportunities.
Explore the top import markets for optical radiation instruments and analyze their import values in 2022. China, United States, and Germany lead the pack with high import values. Discover key statistics and market trends in this article.