Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Latvia - 2023
Contents:
- Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Latvia (CIF) - 2022
- Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Latvia (FOB) - 2022
- Imports of Drawing, Marking-Out or Mathematical Calculating Instruments in Latvia
- Exports of Drawing, Marking-Out or Mathematical Calculating Instruments in Latvia
Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Latvia (CIF) - 2022
The average import price for drawing, marking-out or mathematical calculating instrumentses stood at $7 per unit in 2022, growing by 15% against the previous year. Over the period under review, the import price showed a significant expansion. The growth pace was the most rapid in 2014 an increase of 120%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.
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 Estonia ($22 per unit), while the price for Germany ($4.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+28.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Latvia (FOB) - 2022
In 2022, the average export price for drawing, marking-out or mathematical calculating instrumentses amounted to $6.1 per unit, which is down by -16.4% against the previous year. In general, the export price, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 122% against the previous year. The export price peaked at $7.3 per unit in 2021, and then dropped rapidly in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($17 per unit), while the average price for exports to Romania ($4.6 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 Belgium (+71.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Drawing, Marking-Out or Mathematical Calculating Instruments in Latvia
In 2022, the amount of drawing, marking-out or mathematical calculating instrumentses imported into Latvia contracted markedly to 55K units, which is down by -19.3% compared with the previous year's figure. Overall, imports showed a pronounced reduction. The pace of growth was the most pronounced in 2021 when imports increased by 18% against the previous year. As a result, imports reached the peak of 68K units, and then reduced rapidly in the following year.
In value terms, imports of drawing, marking-out or mathematical calculating instrumentses dropped to $382K in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +12.6% 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 increased by +42.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 28% against the previous year. Over the period under review, imports of attained the maximum at $411K in 2021, and then fell in the following year.
| Import of Drawing, Marking-Out or Mathematical Calculating Instruments in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 64.9 | 68.5 | 103 | 95.8 | 13.9% |
| Estonia | 22.3 | 22.2 | 33.4 | 71.5 | 47.5% |
| Poland | 47.6 | 51.5 | 51.4 | 65.3 | 11.1% |
| Germany | 14.9 | 20.6 | 43.7 | 61.5 | 60.4% |
| Lithuania | 39.9 | 34.5 | 37.2 | 35.6 | -3.7% |
| Finland | 0.1 | 44.6 | 114 | 15.6 | 438.3% |
| France | 10.5 | 9.9 | 7.2 | 14.6 | 11.6% |
| Denmark | 9.8 | 18.3 | 7.9 | 6.1 | -14.6% |
| Others | 57.6 | 72.4 | 13.7 | 16.3 | -34.3% |
| Total | 268 | 342 | 411 | 382 | 12.5% |
Top Suppliers of Drawing, Marking-Out or Mathematical Calculating Instruments to Latvia in 2022:
- China (19.2K units)
- Germany (13.2K units)
- Poland (8.1K units)
- Lithuania (6.3K units)
- Estonia (3.3K units)
- Finland (1.8K units)
- France (1.1K units)
- Denmark (0.7K units)
Exports of Drawing, Marking-Out or Mathematical Calculating Instruments in Latvia
In 2022, shipments abroad of drawing, marking-out or mathematical calculating instrumentses increased by 11% to 32K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a abrupt setback. Over the period under review, the exports of attained the maximum at 55K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of drawing, marking-out or mathematical calculating instrumentses fell to $193K in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +6.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -20.4% against 2020 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 53%. As a result, the exports reached the peak of $243K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Drawing, Marking-Out or Mathematical Calculating Instruments in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 52.8 | 95.0 | 84.3 | 59.5 | 4.1% |
| Estonia | 38.0 | 52.5 | 43.3 | 46.3 | 6.8% |
| Russia | N/A | 2.0 | 3.0 | 13.2 | 156.9% |
| Slovakia | 8.7 | 7.8 | 3.9 | 9.2 | 1.9% |
| Finland | 9.2 | 21.7 | 19.6 | 8.9 | -1.1% |
| Poland | 9.2 | 7.4 | 4.4 | 6.8 | -9.6% |
| Bulgaria | 5.3 | 6.5 | 9.9 | 6.2 | 5.4% |
| Romania | 0.8 | 5.3 | 6.0 | 5.8 | 93.5% |
| Czech Republic | 5.9 | 4.1 | 3.0 | 5.2 | -4.1% |
| Moldova | N/A | 0.6 | 2.9 | 5.0 | 188.7% |
| Hungary | 8.4 | 5.3 | 6.6 | 4.8 | -17.0% |
| Portugal | 2.8 | 2.3 | 4.6 | 2.1 | -9.1% |
| Others | 17.8 | 32.2 | 17.0 | 20.0 | 4.0% |
| Total | 159 | 243 | 208 | 193 | 6.7% |
Top Export Markets for Drawing, Marking-Out or Mathematical Calculating Instruments from Latvia in 2022:
- Lithuania (11.4K units)
- Estonia (8.9K units)
- Romania (1.3K units)
- Poland (1.2K units)
- Finland (1.1K units)
- Slovakia (1.0K units)
- Hungary (0.9K units)
- Bulgaria (0.9K units)
- Russia (0.8K units)
- Czech Republic (0.6K units)
- Moldova (0.6K units)
- Portugal (0.3K units)
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