Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Latvia - 2023
Contents:
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Latvia (CIF) - 2022
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Latvia (FOB) - 2022
- Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Latvia
- Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Latvia
Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Latvia (CIF) - 2022
The average import price for electric motors and generators stood at $141 per unit in 2022, with an increase of 102% against the previous year. Overall, the import price posted strong growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 Lithuania ($299 per unit), while the price for China ($45 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Latvia (FOB) - 2022
In 2022, the average export price for electric motors and generators amounted to $150 per unit, reducing by -1.8% against the previous year. In general, the export price, however, continues to indicate a strong increase. The growth pace was the most rapid in 2017 when the average export price increased by 61% against the previous year. The export price peaked at $153 per unit in 2021, and then contracted slightly 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 Lithuania ($203 per unit), while the average price for exports to Kazakhstan ($22 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 (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Latvia
In 2022, supplies from abroad of electric motors and generators decreased by -4.5% to 24K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, showed significant growth. The growth pace was the most rapid in 2020 with an increase of 99%. Over the period under review, imports of attained the peak figure at 26K units in 2021, and then fell slightly in the following year.
In value terms, imports of electric motors and generators surged to $3.4M in 2022. Overall, imports, however, posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 0.7 | 1.0 | 2.8 | 1,404 | 1161.1% |
| China | 75.7 | 238 | 490 | 470 | 83.8% |
| Lithuania | 176 | 285 | 271 | 251 | 12.6% |
| Germany | 182 | 169 | 166 | 234 | 8.7% |
| Poland | 120 | 88.0 | 204 | 195 | 17.6% |
| Italy | 67.3 | 101 | 134 | 154 | 31.8% |
| United Kingdom | 2.2 | 161 | 17.4 | 87.9 | 241.9% |
| Belgium | 69.8 | 72.6 | 81.5 | 31.6 | -23.2% |
| Others | 257 | 281 | 422 | 617 | 33.9% |
| Total | 951 | 1,396 | 1,788 | 3,444 | 53.6% |
Top Suppliers of Electric Motors and Generators; DC, of an Output Not Exceeding 750W to Latvia in 2022:
- China (10.3K units)
- Hungary (5.2K units)
- Germany (2.3K units)
- Poland (1.6K units)
- Italy (1.1K units)
- Lithuania (0.8K units)
- United Kingdom (0.5K units)
- Belgium (0.3K units)
Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Latvia
For the fourth year in a row, Latvia recorded growth in overseas shipments of electric motors and generators, which increased by 289% to 13K units in 2022. Overall, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of electric motors and generators surged to $2M in 2022. In general, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 44.1 | 122 | 149 | 1,531 | 226.2% |
| Lithuania | 39.5 | 63.9 | 150 | 92.5 | 32.8% |
| Estonia | 34.9 | 19.7 | 48.4 | 44.3 | 8.3% |
| Sweden | 7.6 | 15.4 | 29.1 | 15.0 | 25.4% |
| Finland | 3.9 | 10.0 | 12.5 | 7.7 | 25.5% |
| Germany | 23.2 | 19.4 | 9.5 | 6.7 | -33.9% |
| Kazakhstan | 0.7 | 5.6 | 0.1 | 2.0 | 41.9% |
| Others | 96.4 | 72.9 | 113 | 254 | 38.1% |
| Total | 250 | 329 | 511 | 1,954 | 98.5% |
Top Export Markets for Electric Motors and Generators; DC, of an Output Not Exceeding 750W from Latvia in 2022:
- Russia (11.0K units)
- Lithuania (0.5K units)
- Estonia (0.4K units)
- Sweden (0.2K units)
- Finland (0.1K units)
- Kazakhstan (0.1K units)
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