Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Latvia - 2023
Contents:
- Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Latvia (CIF) - 2023
- Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Latvia (FOB) - 2022
- Imports of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Latvia
- Exports of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Latvia
Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Latvia (CIF) - 2023
The average import price for machine-tools; parts and accessories, tool holders and self-opening dieheadses stood at $20,183 per ton in November 2023, dropping by -51.7% against the previous month. Overall, the import price showed a deep downturn. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 112% month-to-month. The import price peaked at $102K per ton in July 2023; however, from August 2023 to November 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Italy ($99,132 per ton), while the price for Denmark ($4,936 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Latvia (FOB) - 2022
The average export price for machine-tools; parts and accessories, tool holders and self-opening dieheadses stood at $91,015 per ton in 2022, picking up by 4.3% against the previous year. Over the period under review, the export price posted a strong expansion. The most prominent rate of growth was recorded in 2017 an increase of 66% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
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 Russia ($148,165 per ton), while the average price for exports to Ukraine ($19,125 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 Russia (+19.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Latvia
In 2022, the amount of machine-tools; parts and accessories, tool holders and self-opening dieheadses imported into Latvia shrank sharply to 61 tons, which is down by -40.9% on the previous year. In general, imports faced a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 80%.
In value terms, imports of machine-tools; parts and accessories, tool holders and self-opening dieheadses fell to $1.8M in 2022. Overall, imports saw a pronounced downturn. The pace of growth appeared the most rapid in 2021 with an increase of 20% against the previous year.
| Import of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 568 | 482 | 591 | 590 | 1.3% |
| Denmark | 315 | 237 | 324 | 209 | -12.8% |
| Italy | 132 | 130 | 68.1 | 158 | 6.2% |
| Lithuania | 264 | 148 | 175 | 117 | -23.8% |
| Estonia | 55.1 | 103 | 138 | 104 | 23.6% |
| Finland | 138 | 51.9 | 95.7 | 95.5 | -11.5% |
| Poland | 81.1 | 52.6 | 50.2 | 62.7 | -8.2% |
| China | 5.7 | 9.5 | 36.6 | 39.8 | 91.1% |
| Others | 408 | 334 | 382 | 376 | -2.7% |
| Total | 1,966 | 1,548 | 1,861 | 1,753 | -3.8% |
Top Suppliers of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads to Latvia in 2022:
- Lithuania (21.8 tons)
- Germany (13.5 tons)
- Denmark (12.7 tons)
- Estonia (3.8 tons)
- China (2.5 tons)
- Poland (2.0 tons)
- Italy (1.1 tons)
- Finland (0.6 tons)
Exports of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Latvia
After two years of decline, shipments abroad of machine-tools; parts and accessories, tool holders and self-opening dieheadses increased by 5.5% to 7.2 tons in 2022. Over the period under review, exports, however, continue to indicate a deep downturn.
In value terms, exports of machine-tools; parts and accessories, tool holders and self-opening dieheadses rose remarkably to $654K in 2022. Overall, exports, however, recorded a abrupt curtailment.
| Export of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 359 | 532 | 347 | 390 | 2.8% |
| Lithuania | 200 | 204 | 179 | 157 | -7.8% |
| Estonia | 34.9 | 45.1 | 36.8 | 57.2 | 17.9% |
| Ukraine | N/A | N/A | N/A | 13.2 | 0% |
| Belarus | 40.3 | 4.2 | 0.9 | 6.6 | -45.3% |
| Others | 132 | 42.6 | 30.8 | 30.3 | -38.8% |
| Total | 766 | 828 | 594 | 654 | -5.1% |
Top Export Markets for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads from Latvia in 2022:
- Russia (2.6 tons)
- Lithuania (2.5 tons)
- Estonia (1.0 tons)
- Ukraine (0.7 tons)
- Belarus (0.1 tons)
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