Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Latvia - 2023

Contents:

1. Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Latvia (CIF) - 2022
2. Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Latvia (FOB) - 2022
3. Imports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Latvia
4. Exports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Latvia

Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Latvia (CIF) - 2022

In 2022, the average import price for machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses amounted to $2,805 per unit, waning by -48.8% against the previous year. In general, the import price continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 123%. As a result, import price attained the peak level of $5,479 per unit, and then plummeted in the following year.

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 Germany ($7,112 per unit), while the price for the UK ($575 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Latvia (FOB) - 2022

In 2022, the average export price for machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses amounted to $2,641 per unit, dropping by -11% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 94%. Over the period under review, the average export prices hit record highs at $2,969 per unit in 2021, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($5,273 per unit), while the average price for exports to Estonia ($565 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 Ukraine (+37.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Latvia

In 2022, approx. 304 units of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses were imported into Latvia; increasing by 15% compared with 2021. Overall, imports, however, recorded a pronounced curtailment. Imports peaked at 337 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses declined rapidly to $853K in 2022. Over the period under review, imports, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 152%. As a result, imports attained the peak of $1.5M, and then declined notably in the following year.

Top Suppliers of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices to Latvia in 2022:

1. Italy (147.0 units)
2. Estonia (49.0 units)
3. Poland (35.0 units)
4. Lithuania (25.0 units)
5. Belgium (20.0 units)
6. United Kingdom (15.0 units)
7. Germany (7.0 units)

Exports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Latvia

In 2022, shipments abroad of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses increased by 139% to 43 units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, faced a dramatic contraction. Over the period under review, the exports of hit record highs at 123 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses skyrocketed to $114K in 2022. Over the period under review, exports, however, faced a sharp decrease. Over the period under review, the exports of reached the peak figure at $271K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Top Export Markets for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices from Latvia in 2022:

1. Lithuania (27.0 units)
2. Russia (13.0 units)
3. Bulgaria (2.0 units)
4. Estonia (1.0 units)

Source: IndexBox Market Intelligence Platform