Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Latvia - 2023
Contents:
- Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Latvia (CIF) - 2022
- Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Latvia (FOB) - 2022
- Imports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Latvia
- Exports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Latvia
Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Latvia (CIF) - 2022
The average import price for machine-tools; parts and accessories, for the machines of heading no. 8464 stood at $21,010 per ton in 2022, waning by -26.1% against the previous year. Overall, the import price recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2021 when the average import price increased by 121%. Over the period under review, average import prices hit record highs at $29,986 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 France ($123,313 per ton), while the price for Poland ($9,677 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Latvia (FOB) - 2022
The average export price for machine-tools; parts and accessories, for the machines of heading no. 8464 stood at $89,574 per ton in 2022, increasing by 129% against the previous year. Overall, the export price, however, showed a abrupt slump. The export price peaked at $397,938 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
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 Kazakhstan ($671,385 per ton), while the average price for exports to Russia ($27,320 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+113.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Latvia
In 2022, purchases abroad of machine-tools; parts and accessories, for the machines of heading no. 8464 decreased by -10% to 14 tons, falling for the second year in a row after two years of growth. Overall, imports saw a drastic downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 108%. As a result, imports reached the peak of 39 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of machine-tools; parts and accessories, for the machines of heading no. 8464 fell remarkably to $285K in 2022. In general, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 46%. As a result, imports attained the peak of $501K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 46.7 | 44.9 | 75.5 | 85.4 | 22.3% |
| France | 37.8 | 37.9 | 43.7 | 30.0 | -7.4% |
| Italy | 5.5 | 44.4 | 70.8 | 24.5 | 64.5% |
| Sweden | 37.2 | 18.9 | 40.7 | 23.7 | -14.0% |
| Germany | 84.8 | 82.5 | 27.2 | 18.4 | -39.9% |
| Lebanon | N/A | 18.5 | 1.5 | 15.6 | -8.2% |
| China | 41.4 | 16.9 | 6.4 | 10.9 | -35.9% |
| Estonia | 4.1 | 21.2 | 4.5 | 6.0 | 13.5% |
| Poland | 2.8 | 8.9 | 3.4 | 5.2 | 22.9% |
| Finland | 34.0 | 5.5 | 8.4 | 2.7 | -57.0% |
| Spain | 0.4 | 15.9 | 10.6 | 2.6 | 86.6% |
| United Kingdom | 17.8 | 107 | 2.1 | 0.1 | -82.2% |
| Czech Republic | 25.9 | N/A | 14.5 | N/A | -25.2% |
| Others | 5.0 | 77.8 | 120 | 60.0 | 128.9% |
| Total | 343 | 501 | 429 | 285 | -6.0% |
Top Suppliers of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 to Latvia in 2022:
- Lithuania (8.0 tons)
- Sweden (1.5 tons)
- China (0.8 tons)
- Germany (0.6 tons)
- Poland (0.5 tons)
- Italy (0.4 tons)
- Finland (0.2 tons)
- Lebanon (0.2 tons)
- France (0.2 tons)
- Estonia (0.1 tons)
- Spain (0.1 tons)
Exports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Latvia
In 2022, after three years of growth, there was significant decline in overseas shipments of machine-tools; parts and accessories, for the machines of heading no. 8464, when their volume decreased by -76.3% to 1.2 tons. Over the period under review, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 281%.
In value terms, exports of machine-tools; parts and accessories, for the machines of heading no. 8464 dropped rapidly to $106K in 2022. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 193% against the previous year.
| Export of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | 0.9 | 4.0 | N/A | 34.9 | 238.5% |
| Lithuania | 7.7 | 3.8 | 107 | 29.7 | 56.8% |
| Estonia | 17.3 | 21.9 | 17.8 | 14.6 | -5.5% |
| Russia | 6.5 | 52.4 | 62.8 | 13.4 | 27.3% |
| Sweden | 0.4 | N/A | N/A | 5.3 | 136.6% |
| Israel | N/A | N/A | 4.1 | 4.3 | 4.9% |
| Germany | N/A | 12.1 | N/A | N/A | 0% |
| Others | 0.1 | 2.2 | 2.8 | 3.7 | 233.2% |
| Total | 32.9 | 96.4 | 195 | 106 | 47.7% |
Top Export Markets for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 from Latvia in 2022:
- Russia (491.0 kg)
- Lithuania (255.0 kg)
- Sweden (169.0 kg)
- Estonia (113.0 kg)
- Israel (74.0 kg)
- Kazakhstan (52.0 kg)
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