Price for Optical Media; Recorded, Excluding Products of Chapter 37 in Latvia - 2023
Contents:
- Price for Optical Media; Recorded, Excluding Products of Chapter 37 in Latvia (CIF) - 2022
- Price for Optical Media; Recorded, Excluding Products of Chapter 37 in Latvia (FOB) - 2022
- Imports of Optical Media; Recorded, Excluding Products of Chapter 37 in Latvia
- Exports of Optical Media; Recorded, Excluding Products of Chapter 37 in Latvia
Price for Optical Media; Recorded, Excluding Products of Chapter 37 in Latvia (CIF) - 2022
The average import price for optical media; recorded, excluding products of chapter 37s stood at $53 per unit in 2022, falling by -8.2% against the previous year. Overall, the import price, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2013 when the average import price increased by 62% against the previous year. The import price peaked at $58 per unit in 2021, and then reduced in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($141 per unit), while the price for Israel ($2.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+32.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Optical Media; Recorded, Excluding Products of Chapter 37 in Latvia (FOB) - 2022
In 2022, the average export price for optical media; recorded, excluding products of chapter 37s amounted to $121 per unit, surging by 66% against the previous year. Over the period under review, the export price continues to indicate a significant expansion. The pace of growth was the most pronounced in 2015 an increase of 140% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($533 per unit), while the average price for exports to the United States ($9.1 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 Ireland (+47.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Optical Media; Recorded, Excluding Products of Chapter 37 in Latvia
In 2022, the amount of optical media; recorded, excluding products of chapter 37s imported into Latvia skyrocketed to 440K units, picking up by 49% compared with the year before. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +19.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.9% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of optical media; recorded, excluding products of chapter 37s skyrocketed to $23M in 2022. Overall, imports posted a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 50% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Optical Media; Recorded, Excluding Products of Chapter 37 in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | N/A | N/A | 5.2 | 8.4 | 61.5% |
| Netherlands | 4.1 | 4.4 | 5.3 | 5.7 | 11.6% |
| Czech Republic | 0.5 | 0.6 | 1.3 | 1.4 | 40.9% |
| Estonia | 0.7 | 0.4 | 0.3 | 1.2 | 19.7% |
| Slovakia | N/A | 0.6 | 0.9 | 0.8 | 15.5% |
| Poland | 0.4 | 0.3 | 0.6 | 0.6 | 14.5% |
| Germany | 0.9 | 2.6 | 1.2 | 0.5 | -17.8% |
| United Arab Emirates | N/A | N/A | 0.1 | 0.4 | 300.0% |
| France | 0.1 | N/A | 0.1 | 0.4 | 58.7% |
| Denmark | N/A | 0.1 | 0.2 | 0.4 | 100.0% |
| Lithuania | 0.5 | 0.8 | 0.5 | 0.3 | -15.7% |
| Sweden | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Israel | N/A | N/A | N/A | N/A | 0% |
| Others | 3.4 | 1.3 | 1.3 | 3.0 | -4.1% |
| Total | 10.7 | 11.3 | 17.0 | 23.3 | 29.6% |
Top Suppliers of Optical Media; Recorded, Excluding Products of Chapter 37 to Latvia in 2022:
- Australia (161.1K units)
- Netherlands (40.2K units)
- Germany (32.6K units)
- Poland (23.9K units)
- Estonia (23.0K units)
- Czech Republic (17.9K units)
- Israel (15.3K units)
- Lithuania (14.0K units)
- United Arab Emirates (13.1K units)
- Sweden (11.1K units)
- Denmark (10.8K units)
- France (10.3K units)
- Slovakia (8.3K units)
Exports of Optical Media; Recorded, Excluding Products of Chapter 37 in Latvia
For the third consecutive year, Latvia recorded decline in shipments abroad of optical media; recorded, excluding products of chapter 37s, which decreased by -31.2% to 75K units in 2022. Overall, exports saw a precipitous descent. The smallest decline of -21.1% was in 2020. Over the period under review, the exports of reached the peak figure at 176K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of optical media; recorded, excluding products of chapter 37s rose markedly to $9.1M in 2022. The total export value increased at an average annual rate of +11.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 20%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Optical Media; Recorded, Excluding Products of Chapter 37 in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 615 | 2,773 | 3,342 | 2,027 | 48.8% |
| Lithuania | 3,058 | 2,281 | 1,440 | 1,977 | -13.5% |
| Estonia | 1,417 | 944 | 908 | 1,119 | -7.6% |
| Netherlands | 475 | 436 | 510 | 918 | 24.6% |
| Ukraine | 1.3 | N/A | N/A | 786 | 745.6% |
| United Kingdom | 141 | 434 | 366 | 665 | 67.7% |
| Poland | 197 | 392 | 625 | 498 | 36.2% |
| Serbia | N/A | 50.6 | 114 | 267 | 129.7% |
| Ireland | N/A | 0.1 | 0.1 | 177 | 4107.1% |
| Russia | 82.8 | 37.2 | 11.6 | 142 | 19.7% |
| United States | 2.6 | 0.1 | 0.4 | 15.6 | 81.7% |
| Others | 600 | 571 | 671 | 533 | -3.9% |
| Total | 6,589 | 7,919 | 7,987 | 9,126 | 11.5% |
Top Export Markets for Optical Media; Recorded, Excluding Products of Chapter 37 from Latvia in 2022:
- Lithuania (20.8K units)
- Germany (17.8K units)
- Estonia (8.5K units)
- United Kingdom (6.2K units)
- Netherlands (5.4K units)
- Russia (2.9K units)
- Poland (2.7K units)
- Serbia (2.1K units)
- United States (1.7K units)
- Ukraine (1.5K units)
- Ireland (1.2K units)
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