Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Latvia - 2023
Contents:
- Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Latvia (FOB) - 2022
- Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Latvia (CIF) - 2022
- Exports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Latvia
- Imports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Latvia
Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Latvia (FOB) - 2022
The average export price for electric motors and generators stood at $24,803 per unit in 2022, increasing by 1,001% against the previous year. Overall, the export price posted a prominent expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 3,839%. The export price peaked in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($24,832 per unit), while the average price for exports to Austria totaled $23,737 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (-5.7%), while the prices for the other major destinations experienced a decline.
Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Latvia (CIF) - 2022
The average import price for electric motors and generators stood at $7,681 per unit in 2022, surging by 84% against the previous year. Over the period under review, the import price, however, recorded a deep setback. The most prominent rate of growth was recorded in 2019 an increase of 1,264%. The import price peaked at $13,985 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 India ($24,601 per unit), while the price for Sweden ($177 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2,228.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Latvia
In 2022, the amount of electric motors and generators exported from Latvia shrank notably to 38 units, with a decrease of -62% on 2021. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 2,400% against the previous year. As a result, the exports attained the peak of 100 units, and then fell dramatically in the following year.
In value terms, exports of electric motors and generators surged to $943K in 2022. In general, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 688%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | N/A | N/A | 919 | 0% |
| Austria | N/A | N/A | N/A | 23.7 | 0% |
| Lithuania | N/A | 2.4 | 205 | N/A | 8441.7% |
| Belarus | 263 | 22.7 | N/A | N/A | -91.4% |
| Others | 18.9 | 3.5 | 20.0 | N/A | 2.9% |
| Total | 281 | 28.6 | 225 | 943 | 49.7% |
Top Export Markets for Electric Motors and Generators; DC, of an Output Exceeding 375kW from Latvia in 2022:
- Turkey (37.0 units)
- Austria (1.0 units)
Imports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Latvia
In 2022, approx. 9 units of electric motors and generators were imported into Latvia; with a decrease of -55% compared with the year before. Over the period under review, imports recorded a sharp curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 300%. As a result, imports attained the peak of 20 units, and then dropped sharply in the following year.
In value terms, imports of electric motors and generators dropped markedly to $69K in 2022. In general, imports saw a sharp decline. The most prominent rate of growth was recorded in 2021 with an increase of 439% against the previous year. Over the period under review, imports of attained the peak figure at $169K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | N/A | N/A | 28.6 | 0% |
| India | N/A | N/A | N/A | 24.6 | 0% |
| Poland | N/A | N/A | N/A | 15.8 | 0% |
| Sweden | 0.8 | 0.8 | 0.7 | 0.2 | -37.0% |
| China | 0.3 | 7.9 | N/A | N/A | 2533.3% |
| Germany | N/A | 2.4 | N/A | N/A | 0% |
| Finland | N/A | N/A | 9.6 | N/A | 0% |
| Lithuania | N/A | N/A | 11.7 | N/A | 0% |
| Belarus | 27.8 | 0.9 | N/A | N/A | -96.8% |
| Ukraine | 140 | 3.4 | 61.6 | N/A | -33.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 169 | 15.5 | 83.6 | 69.1 | -25.8% |
Top Suppliers of Electric Motors and Generators; DC, of an Output Exceeding 375kW to Latvia in 2022:
- Netherlands (4.0 units)
- Poland (3.0 units)
- Sweden (1.0 units)
- India (1.0 units)
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