Latvia - Outboard Motors for Marine Propulsion - Market Analysis, Forecast, Size, Trends And Insights
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View PricingOutboard Boat Motors Price in Latvia - 2023
Contents:
- Outboard Boat Motors Price in Latvia (CIF) - 2022
- Outboard Boat Motors Price in Latvia (FOB) - 2022
- Outboard Boat Motors Imports in Latvia
- Outboard Boat Motors Exports in Latvia
Outboard Boat Motors Price in Latvia (CIF) - 2022
In 2022, the average outboard boat motors import price amounted to $4,985 per unit, reducing by -5.3% against the previous year. Overall, the import price, however, posted prominent growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 79% against the previous year. The import price peaked at $5,265 per unit in 2021, and then contracted in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($6,913 per unit), while the price for China ($391 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+23.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Outboard Boat Motors Price in Latvia (FOB) - 2022
In 2022, the average outboard boat motors export price amounted to $10,331 per unit, remaining constant against the previous year. Overall, the export price enjoyed a strong increase. The pace of growth appeared the most rapid in 2016 when the average export price increased by 73% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Portugal ($21,461 per unit), while the average price for exports to Belarus ($142 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 Poland (+33.6%), while the prices for the other major destinations experienced more modest paces of growth.
Outboard Boat Motors Imports in Latvia
After two years of decline, overseas purchases of outboard motors for marine propulsion increased by 22% to 614 units in 2022. Over the period under review, imports, however, continue to indicate a abrupt downturn. Over the period under review, imports hit record highs at 775 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, outboard boat motors imports skyrocketed to $3.1M in 2022. In general, imports posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 38%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Outboard Boat Motors in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 302 | 475 | 422 | 712 | 33.1% |
| Germany | 110 | 206 | 583 | 684 | 83.9% |
| Belgium | 701 | 790 | 719 | 601 | -5.0% |
| Finland | 242 | 228 | 264 | 318 | 9.5% |
| Estonia | 105 | 149 | 272 | 274 | 37.7% |
| Poland | 3.3 | 1.2 | 2.5 | 35.3 | 120.3% |
| France | 5.0 | 41.3 | 76.5 | 32.9 | 87.4% |
| China | 11.9 | 6.0 | N/A | 11.3 | -1.7% |
| Others | 24.8 | 24.2 | 305 | 393 | 151.2% |
| Total | 1,505 | 1,921 | 2,643 | 3,061 | 26.7% |
Top Suppliers of Outboard Boat Motors to Latvia in 2022:
- Hungary (163.0 units)
- Finland (106.0 units)
- Germany (99.0 units)
- Belgium (87.0 units)
- Estonia (78.0 units)
- China (29.0 units)
- Poland (18.0 units)
- France (8.0 units)
Outboard Boat Motors Exports in Latvia
In 2022, the amount of outboard motors for marine propulsion exported from Latvia totaled 108 units, surging by 1.9% against 2021. Overall, exports recorded a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 203%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, outboard boat motors exports expanded to $1.1M in 2022. In general, exports posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 270% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.
| Export of Outboard Boat Motors in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 134 | 97.8 | 187 | 240 | 21.4% |
| Portugal | N/A | N/A | 108 | 215 | 99.1% |
| Lithuania | 128 | 48.5 | 151 | 194 | 14.9% |
| Sweden | 6.4 | N/A | 178 | 75.0 | 127.1% |
| Poland | 1.1 | 61.7 | 65.3 | 72.5 | 303.9% |
| Germany | N/A | 26.5 | 12.2 | 46.6 | 32.6% |
| Slovakia | N/A | N/A | N/A | 45.7 | 0% |
| Czech Republic | N/A | N/A | 31.4 | 40.9 | 30.3% |
| Cyprus | N/A | N/A | 228 | 33.1 | -85.5% |
| Kazakhstan | N/A | N/A | N/A | 23.3 | 0% |
| Armenia | N/A | N/A | N/A | 13.5 | 0% |
| Belarus | 17.2 | N/A | N/A | 0.1 | -82.0% |
| Others | N/A | 58.8 | 127 | 116 | 40.5% |
| Total | 287 | 293 | 1,087 | 1,116 | 57.3% |
Top Export Markets for Outboard Boat Motors from Latvia in 2022:
- Estonia (33.0 units)
- Lithuania (12.0 units)
- Portugal (10.0 units)
- Poland (9.0 units)
- Sweden (8.0 units)
- Armenia (7.0 units)
- Germany (6.0 units)
- Kazakhstan (6.0 units)
- Slovakia (5.0 units)
- Czech Republic (3.0 units)
- Cyprus (2.0 units)
- Belarus (1.0 units)
This report provides an in-depth analysis of the outboard boat motors 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 28111100 - Marine propulsion spark ignition reciprocating or rotary internal combustion piston engines, outboard motors
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
-
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
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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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