Price for Printing Machinery; Offset, (Excluding Reel or Sheet Fed) in Latvia - 2023
Contents:
- Price for Printing Machinery; Offset, (Excluding Reel or Sheet Fed) in Latvia (CIF) - 2022
- Price for Printing Machinery; Offset, (Excluding Reel or Sheet Fed) in Latvia (FOB) - 2022
- Imports of Printing Machinery; Offset, (Excluding Reel or Sheet Fed) in Latvia
- Exports of Printing Machinery; Offset, (Excluding Reel or Sheet Fed) in Latvia
Price for Printing Machinery; Offset, (Excluding Reel or Sheet Fed) in Latvia (CIF) - 2022
In 2022, the average import price for printing machinery; offset, (excluding reel or sheet fed)s amounted to $16,367 per unit, declining by -72.9% against the previous year. In general, the import price recorded a deep slump. The growth pace was the most rapid in 2016 when the average import price increased by 192%. Over the period under review, average import prices hit record highs at $83,486 per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Estonia ($129,827 per unit), while the price for Poland ($3,339 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+59.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Printing Machinery; Offset, (Excluding Reel or Sheet Fed) in Latvia (FOB) - 2022
The average export price for printing machinery; offset, (excluding reel or sheet fed)s stood at $14,037 per unit in 2022, with a decrease of -47.7% against the previous year. In general, the export price showed a pronounced curtailment. The growth pace was the most rapid in 2016 when the average export price increased by 145% against the previous year. As a result, the export price reached the peak level of $78,448 per unit. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($36,839 per unit), while the average price for exports to Norway ($989 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 Kazakhstan (+50.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Printing Machinery; Offset, (Excluding Reel or Sheet Fed) in Latvia
In 2022, imports of printing machinery; offset, (excluding reel or sheet fed)s into Latvia surged to 83 units, growing by 26% against 2021. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +14.7% 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 +76.6% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 40%. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, imports of printing machinery; offset, (excluding reel or sheet fed)s dropped markedly to $1.4M in 2022. Over the period under review, imports, however, continue to indicate a sharp decrease. The pace of growth was the most pronounced in 2021 with an increase of 90%. As a result, imports attained the peak of $4M, and then contracted dramatically in the following year.
| Import of Printing Machinery; Offset, (Excluding Reel or Sheet Fed) in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | N/A | N/A | 231 | 649 | 181.0% |
| Poland | N/A | N/A | 3.5 | 190 | 5328.6% |
| Netherlands | 179 | 282 | 120 | 118 | -13.0% |
| Belgium | 602 | N/A | 281 | 85.3 | -47.9% |
| Portugal | 40.6 | 239 | 242 | 73.7 | 22.0% |
| United Kingdom | N/A | N/A | 136 | 48.6 | -64.3% |
| Italy | 2,071 | 608 | 1,860 | 36.8 | -73.9% |
| China | 42.8 | 53.2 | 2.0 | 12.9 | -33.0% |
| Lithuania | 452 | 839 | 433 | 8.5 | -73.4% |
| Belarus | 5.0 | N/A | N/A | N/A | 0% |
| Others | 174 | 73.8 | 673 | 136 | -7.9% |
| Total | 3,567 | 2,095 | 3,981 | 1,358 | -27.5% |
Top Suppliers of Printing Machinery; Offset, (Excluding Reel or Sheet Fed) to Latvia in 2022:
- Poland (57.0 units)
- Belgium (6.0 units)
- Estonia (5.0 units)
- Netherlands (4.0 units)
- Portugal (2.0 units)
- China (2.0 units)
- Italy (1.0 units)
- Lithuania (1.0 units)
- United Kingdom (1.0 units)
Exports of Printing Machinery; Offset, (Excluding Reel or Sheet Fed) in Latvia
In 2022, shipments abroad of printing machinery; offset, (excluding reel or sheet fed)s decreased by -59.1% to 9 units, falling for the second consecutive year after two years of growth. In general, exports saw a dramatic contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 19%. As a result, the exports attained the peak of 31 units. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of printing machinery; offset, (excluding reel or sheet fed)s dropped notably to $126K in 2022. Overall, exports saw a precipitous contraction. The growth pace was the most rapid in 2020 with an increase of 48%. As a result, the exports attained the peak of $898K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Printing Machinery; Offset, (Excluding Reel or Sheet Fed) in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 104 | 266 | 348 | 73.7 | -10.8% |
| Belarus | 101 | N/A | N/A | 49.7 | -21.1% |
| Norway | N/A | N/A | N/A | 3.0 | 0% |
| United States | N/A | 59.5 | N/A | N/A | 0% |
| Lithuania | 238 | 24.3 | 4.0 | N/A | -87.0% |
| Kazakhstan | 70.5 | N/A | N/A | N/A | 0% |
| Estonia | 67.1 | 433 | 184 | N/A | 65.6% |
| Others | 27.0 | 115 | 54.2 | N/A | 41.7% |
| Total | 608 | 898 | 590 | 126 | -40.8% |
Top Export Markets for Printing Machinery; Offset, (Excluding Reel or Sheet Fed) from Latvia in 2022:
- Belarus (4.0 units)
- Norway (3.0 units)
- Russia (2.0 units)
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