Price for Electronic Integrated Circuits; Memories in Latvia - 2023
Contents:
- Price for Electronic Integrated Circuits; Memories in Latvia (CIF) - 2023
- Price for Electronic Integrated Circuits; Memories in Latvia (FOB) - 2023
- Imports of Electronic Integrated Circuits; Memories in Latvia
- Exports of Electronic Integrated Circuits; Memories in Latvia
Price for Electronic Integrated Circuits; Memories in Latvia (CIF) - 2023
The average electronic integrated circuits; memories import price stood at $3.2 per unit in September 2023, with a decrease of -17.1% against the previous month. Overall, the import price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 57% against the previous month. Over the period under review, average import prices reached the peak figure at $6.1 per unit in September 2022; however, from October 2022 to September 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($8.1 per unit), while the price for Poland ($1.1 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 Germany (+7.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Electronic Integrated Circuits; Memories in Latvia (FOB) - 2023
The average electronic integrated circuits; memories export price stood at $4.3 per unit in September 2023, declining by -7.7% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 75% m-o-m. The export price peaked at $6.8 per unit in July 2023; however, from August 2023 to September 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was China ($12.2 per unit), while the average price for exports to Lithuania ($1.6 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+44.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electronic Integrated Circuits; Memories in Latvia
In 2022, the amount of electronic integrated circuits imported into Latvia contracted rapidly to 4.2M units, with a decrease of -73.2% compared with the year before. Over the period under review, imports recorded a significant curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 197% against the previous year. As a result, imports reached the peak of 16M units, and then declined markedly in the following year.
In value terms, electronic integrated circuits; memories imports dropped rapidly to $21M in 2022. In general, imports, however, showed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 279% against the previous year. As a result, imports reached the peak of $70M, and then dropped sharply in the following year.
| Import of Electronic Integrated Circuits; Memories in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 5.2 | 7.5 | 10.6 | 8.1 | 15.9% |
| Germany | 0.8 | 0.8 | 10.5 | 3.7 | 66.6% |
| China | 0.1 | 1.2 | 2.0 | 2.8 | 203.7% |
| Czech Republic | 1.6 | 4.0 | 10.8 | 2.2 | 11.2% |
| Poland | 1.4 | 2.6 | 17.7 | 1.3 | -2.4% |
| Lithuania | 0.7 | 0.6 | 0.8 | 0.8 | 4.6% |
| Estonia | 0.7 | 0.5 | 0.4 | 0.5 | -10.6% |
| Netherlands | 0.3 | 0.2 | 2.0 | 0.2 | -12.6% |
| Spain | N/A | N/A | 5.0 | 0.2 | -96.0% |
| Others | 1.1 | 1.0 | 10.2 | 1.3 | 5.7% |
| Total | 12.1 | 18.4 | 70.0 | 21.1 | 20.4% |
Top Suppliers of Electronic Integrated Circuits; Memories to Latvia in 2022:
- Germany (1142.7K units)
- Taiwan (Chinese) (571.4K units)
- Lithuania (539.5K units)
- China (536.6K units)
- Czech Republic (518.2K units)
- Poland (399.8K units)
- Estonia (115.1K units)
- Netherlands (76.6K units)
- Spain (23.0K units)
Exports of Electronic Integrated Circuits; Memories in Latvia
In 2022, after three years of growth, there was significant decline in shipments abroad of electronic integrated circuits, when their volume decreased by -77.6% to 2.3M units. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 351%. As a result, the exports attained the peak of 10M units, and then plummeted in the following year.
In value terms, electronic integrated circuits; memories exports reduced notably to $15M in 2022. Over the period under review, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 676%. As a result, the exports attained the peak of $69M, and then fell dramatically in the following year.
| Export of Electronic Integrated Circuits; Memories in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | 1.1 | 7.6 | 3.9 | 88.3% |
| China | 3.5 | 4.5 | 4.0 | 3.5 | 0.0% |
| Estonia | 1.1 | 1.7 | 8.7 | 1.3 | 5.7% |
| Hong Kong SAR | 0.1 | 0.1 | 8.9 | 1.2 | 128.9% |
| Lithuania | 0.3 | 0.8 | 3.3 | 0.9 | 44.2% |
| United States | 0.2 | 0.1 | 0.6 | 0.5 | 35.7% |
| Switzerland | N/A | N/A | 0.3 | 0.3 | 0.0% |
| Ukraine | N/A | N/A | 2.1 | 0.1 | -95.2% |
| Netherlands | N/A | N/A | 9.3 | 0.1 | -98.9% |
| Australia | N/A | N/A | 4.6 | N/A | 0% |
| Indonesia | N/A | 0.2 | N/A | N/A | 0% |
| Others | 0.7 | 0.4 | 19.5 | 2.6 | 54.9% |
| Total | 5.9 | 8.9 | 69.0 | 14.7 | 35.6% |
Top Export Markets for Electronic Integrated Circuits; Memories from Latvia in 2022:
- China (531.1K units)
- Estonia (425.7K units)
- Germany (333.6K units)
- Lithuania (295.5K units)
- United States (194.6K units)
- Hong Kong SAR (119.1K units)
- Switzerland (77.8K units)
- Netherlands (26.3K units)
- Ukraine (21.4K units)
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