Price for Baby Carriages and Parts Thereof in Latvia - 2023

Contents:

1. Price for Baby Carriages and Parts Thereof in Latvia (CIF) - 2023
2. Price for Baby Carriages and Parts Thereof in Latvia (FOB) - 2022
3. Imports of Baby Carriages and Parts Thereof in Latvia
4. Exports of Baby Carriages and Parts Thereof in Latvia

Price for Baby Carriages and Parts Thereof in Latvia (CIF) - 2023

The average import price for baby carriages and parts thereoves stood at $146 per unit in September 2023, falling by -6.1% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 an increase of 21% month-to-month. As a result, import price reached the peak level of $185 per unit. From February 2023 to September 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the Netherlands ($292 per unit), while the price for Germany ($36.6 per unit) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Poland (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Baby Carriages and Parts Thereof in Latvia (FOB) - 2022

In 2022, the average export price for baby carriages and parts thereoves amounted to $153 per unit, dropping by -8% against the previous year. Overall, the export price, however, recorded a significant expansion. The pace of growth was the most pronounced in 2020 an increase of 909% against the previous year. The export price peaked at $166 per unit in 2021, and then shrank in the following year.

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 Russia ($192 per unit), while the average price for exports to Estonia ($83 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 Russia (+40.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Baby Carriages and Parts Thereof in Latvia

In 2022, the amount of baby carriages and parts thereoves imported into Latvia fell rapidly to 14K units, reducing by -32.3% against 2021. In general, imports continue to indicate a precipitous decrease. The growth pace was the most rapid in 2021 when imports increased by 17% against the previous year. Imports peaked at 55K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, baby carriages and parts thereof imports contracted rapidly to $2M in 2022. Overall, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 133% against the previous year. As a result, imports attained the peak of $3.5M, and then shrank rapidly in the following year.

Top Suppliers of Baby Carriages and Parts Thereof to Latvia in 2022:

1. Estonia (4.1K units)
2. Lithuania (4.0K units)
3. Germany (2.1K units)
4. Poland (1.7K units)
5. Netherlands (1.1K units)
6. Spain (0.9K units)
7. Italy (0.1K units)

Exports of Baby Carriages and Parts Thereof in Latvia

In 2022, approx. 6.3K units of baby carriages and parts thereoves were exported from Latvia; which is down by -60.2% on 2021 figures. Over the period under review, exports faced a drastic downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 206% against the previous year. As a result, the exports reached the peak of 16K units, and then shrank markedly in the following year.

In value terms, baby carriages and parts thereof exports shrank significantly to $963K in 2022. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 501%. Over the period under review, the exports hit record highs at $2.6M in 2021, and then reduced notably in the following year.

Top Export Markets for Baby Carriages and Parts Thereof from Latvia in 2022:

1. Russia (3.3K units)
2. Estonia (1.9K units)
3. Lithuania (1.0K units)

Source: IndexBox Market Intelligence Platform