Price for Non-Furniture Refrigerating or Freezing Equipment in Latvia - 2023
Contents:
- Price for Non-Furniture Refrigerating or Freezing Equipment in Latvia (CIF) - 2023
- Price for Non-Furniture Refrigerating or Freezing Equipment in Latvia (FOB) - 2023
- Imports of Non-Furniture Refrigerating or Freezing Equipment in Latvia
- Exports of Non-Furniture Refrigerating or Freezing Equipment in Latvia
Price for Non-Furniture Refrigerating or Freezing Equipment in Latvia (CIF) - 2023
In December 2023, the average import price for non-furniture refrigerating or freezing equipment amounted to $309 per unit, reducing by -15.9% against the previous month. Overall, import price indicated prominent growth from December 2022 to December 2023: its price increased at an average monthly rate of +6.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, non-furniture refrigerating or freezing equipment import price increased by +30.1% against July 2023 indices. The pace of growth appeared the most rapid in January 2023 an increase of 95% against the previous month. The import price peaked at $368 per unit in November 2023, and then declined dramatically in the following month.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Lithuania ($364 per unit), while the price for Italy ($237 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by China (+20.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Furniture Refrigerating or Freezing Equipment in Latvia (FOB) - 2023
In December 2023, the average export price for non-furniture refrigerating or freezing equipment amounted to $309 per unit, approximately mirroring the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 15% against the previous month. Over the period under review, the average export prices hit record highs at $319 per unit in June 2023; however, from July 2023 to December 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was Kazakhstan ($4,161 per unit), while the average price for exports to Estonia ($151 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+34.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Non-Furniture Refrigerating or Freezing Equipment in Latvia
In 2022, approx. 33K units of non-furniture refrigerating or freezing equipment were imported into Latvia; reducing by -15.4% compared with 2021. Over the period under review, imports showed a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 20%. Imports peaked at 45K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, non-furniture refrigerating or freezing equipment imports dropped sharply to $5.3M in 2022. In general, imports showed a deep slump. The smallest decline of -4.9% was in 2021. Over the period under review, imports attained the maximum at $9.2M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Non-Furniture Refrigerating or Freezing Equipment in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 4,584 | 3,987 | 3,957 | 2,029 | -23.8% |
| Poland | 256 | 266 | 380 | 427 | 18.6% |
| Ireland | 62.3 | 121 | 425 | 348 | 77.4% |
| China | 84.6 | 155 | 187 | 323 | 56.3% |
| Spain | 80.1 | 127 | 52.6 | 308 | 56.7% |
| Lithuania | 714 | 136 | 215 | 301 | -25.0% |
| Germany | 988 | 495 | 472 | 279 | -34.4% |
| Czech Republic | 246 | 193 | 258 | 157 | -13.9% |
| Estonia | 114 | 977 | 149 | 144 | 8.1% |
| Russia | 13.2 | 162 | 170 | 135 | 117.1% |
| Belgium | 817 | 573 | 454 | 134 | -45.3% |
| South Korea | 6.7 | N/A | N/A | 73.0 | 121.7% |
| Barbados | N/A | N/A | 5.4 | 32.6 | 503.7% |
| Others | 1,225 | 758 | 838 | 596 | -21.3% |
| Total | 9,191 | 7,950 | 7,563 | 5,287 | -16.8% |
Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to Latvia in 2022:
- Italy (13.2K units)
- China (4.9K units)
- Poland (3.5K units)
- Barbados (1.9K units)
- Ireland (1.5K units)
- Lithuania (1.4K units)
- Spain (1.1K units)
- Belgium (0.9K units)
- Czech Republic (0.8K units)
- Germany (0.7K units)
- South Korea (0.7K units)
- Russia (0.5K units)
- Estonia (0.4K units)
Exports of Non-Furniture Refrigerating or Freezing Equipment in Latvia
In 2022, approx. 21K units of non-furniture refrigerating or freezing equipment were exported from Latvia; waning by -45.1% compared with 2021. In general, exports showed a sharp shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. Over the period under review, the exports reached the maximum at 42K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, non-furniture refrigerating or freezing equipment exports shrank remarkably to $3.9M in 2022. Overall, exports recorded a sharp slump. The pace of growth appeared the most rapid in 2021 when exports increased by 20% against the previous year. The exports peaked at $8.3M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Non-Furniture Refrigerating or Freezing Equipment in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 6.8 | 5.2 | 6.0 | 1.7 | -37.0% |
| Estonia | 0.9 | 0.8 | 1.1 | 1.0 | 3.6% |
| Lithuania | 0.1 | 0.2 | 0.4 | 0.5 | 71.0% |
| Hungary | N/A | N/A | N/A | 0.2 | 0% |
| Belarus | N/A | 0.1 | N/A | 0.1 | 0.0% |
| Turkmenistan | N/A | N/A | N/A | 0.1 | 0% |
| Hong Kong SAR | N/A | N/A | N/A | 0.1 | 0% |
| Others | 0.5 | 0.2 | 0.3 | 0.3 | -15.7% |
| Total | 8.3 | 6.5 | 7.8 | 3.9 | -22.3% |
Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from Latvia in 2022:
- Russia (7.0K units)
- Estonia (4.7K units)
- Lithuania (4.4K units)
- Hong Kong SAR (2.6K units)
- Hungary (0.7K units)
- Belarus (0.5K units)
- Turkmenistan (0.5K units)
422
This report provides an in-depth analysis of the commercial refrigeration equipment market in Latvia.
463
This report provides an in-depth analysis of the refrigerator and freezer market in Latvia.
120
This report provides an in-depth analysis of the non-combined refrigerator-freezer market in Latvia.
98
This report provides an in-depth analysis of the heat pump market in Latvia.
61
This report provides an in-depth analysis of the refrigerating show-cases market in Latvia.
63
This report provides an in-depth analysis of the refrigerator or freezer market in Latvia.
111
This report provides an in-depth analysis of the combined refrigerator-freezer market in Latvia.
94
This report provides an in-depth analysis of the market for manganites, manganates, molybdates and tungstates in Latvia.
1330
This report provides an in-depth analysis of the global commercial refrigeration equipment market.
568
This report provides an in-depth analysis of the global domestic appliances market.
222
Explore the top import markets for commercial refrigeration equipment, including the United States, Germany, France, and more. Discover key statistics and trends in this growing market.
265
Explore the world's best import markets for refrigerators and freezers, backed by key statistics and data from the IndexBox market intelligence platform.
1243
The global refrigerator and freezer market revenue amounted to $72.8B in 2017, picking up by 19% against the previous year...
3282
In 2016, the amount of refrigerator imported worldwide totaled X tons, ascending by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over t...
1077
In 2016, the amount of refrigerator imported worldwide totaled X tons, ascending by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over t...
1899
Mexico edged ahead of China in the global refrigerator and freezer trade with $X in total sales. In 2014, these two countries were the main global suppliers of refrigerators and freezers with a combined share of X% of global exports. Mexico's mai
1221
In 2013, China (X million units) and the Republic of Korea (X million units) were the main exporters of combined refrigerators and freezers in the world, together comprising X% of global exports.
259
Discover the world's top import markets for Non-Combined Refrigerator-Freezer based on import values in 2022. Gain insights into the key statistics and market dynamics using IndexBox market intelligence platform.
102
Explore the top import markets for heat pumps around the world in 2023 based on data from IndexBox. Discover key statistics and trends in the global heat pump market.
222
Discover the top import markets for refrigerating show-cases worldwide, including key statistics and import values for each country. Explore the growth potential of these markets and capitalize on the increasing demand for advanced refrigeration technologies.
