Report Update: Apr 1, 2024

Latvia - Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings - Market Analysis, Forecast, Size, Trends And Insights

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Price for Bearing Housing Without Ball Bearing in Latvia - 2023

Price for Bearing Housing Without Ball Bearing in Latvia (CIF) - 2022

The average import price for bearing housings not incorporating ball or roller bearings, plain shaft bearings stood at $32,243 per ton in 2022, increasing by 19% against the previous year. In general, the import price showed resilient growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 40%. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($58,497 per ton), while the price for Belarus ($10,180 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Bearing Housing Without Ball Bearing in Latvia (FOB) - 2022

In 2022, the average export price for bearing housings not incorporating ball or roller bearings, plain shaft bearings amounted to $30,005 per ton, dropping by -17.8% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 45% against the previous year. The export price peaked at $91,626 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($256,698 per ton), while the average price for exports to Hungary ($3,519 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+31.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bearing Housing Without Ball Bearing in Latvia

In 2022, overseas purchases of bearing housings not incorporating ball or roller bearings, plain shaft bearings decreased by -8.6% to 120 tons, falling for the second year in a row after two years of growth. Overall, imports recorded a abrupt descent. The pace of growth appeared the most rapid in 2020 when imports increased by 11%. As a result, imports reached the peak of 194 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, bearing housing without ball bearing imports rose notably to $3.9M in 2022. The total import value increased at an average annual rate of +5.7% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 15% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Import of Bearing Housing Without Ball Bearing in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	880	1,421	959	839	-1.6%
Sweden	243	390	343	472	24.8%
China	288	182	457	456	16.6%
Estonia	141	161	294	338	33.8%
Ukraine	175	415	247	255	13.4%
Poland	248	299	342	242	-0.8%
France	259	25.6	32.8	126	-21.4%
Romania	N/A	N/A	N/A	115	0%
Russia	268	296	162	115	-24.6%
Lithuania	125	106	134	101	-6.9%
Italy	63.4	22.7	87.9	59.1	-2.3%
Denmark	20.2	39.2	15.8	50.3	35.5%
Belarus	129	5.8	0.1	29.6	-38.8%
Others	438	391	482	674	15.5%
Total	3,277	3,754	3,557	3,873	5.7%

Top Suppliers of Bearing Housing Without Ball Bearing to Latvia in 2022:

Sweden (20.9 tons)
Poland (20.4 tons)
China (18.7 tons)
Germany (14.3 tons)
Estonia (12.0 tons)
Ukraine (4.6 tons)
France (3.9 tons)
Lithuania (3.3 tons)
Romania (2.9 tons)
Belarus (2.9 tons)
Italy (2.8 tons)
Denmark (2.1 tons)
Russia (2.1 tons)

Exports of Bearing Housing Without Ball Bearing in Latvia

For the fourth consecutive year, Latvia recorded growth in shipments abroad of bearing housings not incorporating ball or roller bearings, plain shaft bearings, which increased by 123% to 48 tons in 2022. In general, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, bearing housing without ball bearing exports surged to $1.4M in 2022. Over the period under review, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Bearing Housing Without Ball Bearing in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	319	457	485	673	28.3%
Belarus	126	31.6	3.2	254	26.3%
Estonia	93.7	115	136	167	21.2%
Turkey	0.3	N/A	13.2	80.8	545.8%
Poland	36.3	31.7	26.8	67.5	23.0%
Lithuania	147	285	45.0	34.7	-38.2%
Hungary	N/A	N/A	0.5	3.4	580.0%
Malaysia	19.4	4.5	N/A	N/A	-76.8%
Others	68.5	67.6	75.1	158	32.1%
Total	810	992	785	1,438	21.1%

Top Export Markets for Bearing Housing Without Ball Bearing from Latvia in 2022:

Russia (20.3 tons)
Poland (10.1 tons)
Estonia (9.6 tons)
Turkey (1.7 tons)
Belarus (1.0 tons)
Hungary (1.0 tons)
Lithuania (0.7 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for bearing housing without ball bearing 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 28152350 - Bearing housings not incorporating ball or roller bearings, p lain shaft bearings

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
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