Latvia - Process Control, Gate, Globe and Other Valves - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Process Control, Gate, Globe and Other Valves in Latvia - 2023
Contents:
- Price for Process Control, Gate, Globe and Other Valves in Latvia (CIF) - 2023
- Price for Process Control, Gate, Globe and Other Valves in Latvia (FOB) - 2022
- Imports of Process Control, Gate, Globe and Other Valves in Latvia
- Exports of Process Control, Gate, Globe and Other Valves in Latvia
Price for Process Control, Gate, Globe and Other Valves in Latvia (CIF) - 2023
The average import price for process control, gate, globe and other valves stood at $24,232 per ton in September 2023, waning by -10.7% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.3%. The most prominent rate of growth was recorded in April 2023 an increase of 39% m-o-m. As a result, import price attained the peak level of $31,116 per ton. From May 2023 to September 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Austria ($59,079 per ton), while the price for the Czech Republic ($13,689 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Hungary (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Process Control, Gate, Globe and Other Valves in Latvia (FOB) - 2022
The average export price for process control, gate, globe and other valves stood at $25,895 per ton in 2022, rising by 15% against the previous year. In general, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for process control, gate, globe and other valves increased by +95.3% against 2013 indices. The growth pace was the most rapid in 2018 an increase of 34%. The export price peaked in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($30,709 per ton), while the average price for exports to Kyrgyzstan ($4,654 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 Qatar (+25.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Process Control, Gate, Globe and Other Valves in Latvia
In 2022, approx. 2.5K tons of process control, gate, globe and other valves were imported into Latvia; surging by 9.1% on 2021. The total import volume increased at an average annual rate of +6.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 12%. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of process control, gate, globe and other valves soared to $55M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +15.0% 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 +52.2% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Process Control, Gate, Globe and Other Valves in Latvia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 4.4 | 6.6 | 6.0 | 12.7 | 42.4% |
Germany | 8.1 | 9.3 | 11.1 | 10.7 | 9.7% |
Poland | 3.2 | 3.7 | 4.3 | 4.9 | 15.3% |
Lithuania | 3.8 | 3.8 | 4.3 | 4.8 | 8.1% |
China | 3.0 | 2.9 | 4.3 | 3.8 | 8.2% |
Finland | 2.2 | 2.2 | 2.1 | 2.5 | 4.4% |
Denmark | 1.2 | 1.3 | 1.8 | 1.9 | 16.6% |
Austria | 1.6 | 1.3 | 1.3 | 1.9 | 5.9% |
Spain | 1.8 | 1.4 | 1.3 | 1.8 | 0.0% |
Hungary | 0.1 | 0.4 | 0.1 | 1.5 | 146.6% |
Estonia | 1.0 | 1.1 | 1.1 | 1.3 | 9.1% |
Czech Republic | 1.1 | 1.0 | 0.9 | 1.0 | -3.1% |
France | 0.6 | 0.8 | 0.8 | 0.8 | 10.1% |
Others | 4.3 | 6.4 | 7.4 | 5.6 | 9.2% |
Total | 36.3 | 42.2 | 46.7 | 55.2 | 15.0% |
Top Suppliers of Process Control, Gate, Globe and Other Valves to Latvia in 2022:
- Italy (519.8 tons)
- Germany (335.4 tons)
- China (258.9 tons)
- Poland (251.7 tons)
- Lithuania (226.2 tons)
- Finland (149.4 tons)
- Spain (122.0 tons)
- Denmark (103.7 tons)
- Austria (75.4 tons)
- Hungary (69.4 tons)
- Czech Republic (53.4 tons)
- Estonia (50.4 tons)
- France (47.0 tons)
Exports of Process Control, Gate, Globe and Other Valves in Latvia
For the fourth year in a row, Latvia recorded growth in overseas shipments of process control, gate, globe and other valves, which increased by 19% to 1.3K tons in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +16.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.2% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 20%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of process control, gate, globe and other valves surged to $33M in 2022. In general, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Process Control, Gate, Globe and Other Valves in Latvia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 6.8 | 9.6 | 12.2 | 18.7 | 40.1% |
Lithuania | 3.4 | 3.5 | 4.7 | 4.8 | 12.2% |
Estonia | 2.2 | 1.8 | 2.4 | 2.3 | 1.5% |
Sweden | 0.5 | 0.3 | 1.8 | 1.6 | 47.4% |
Finland | 0.5 | 0.4 | 0.4 | 0.7 | 11.9% |
Norway | 0.8 | 0.3 | 0.4 | 0.6 | -9.1% |
Turkey | N/A | 0.1 | N/A | 0.4 | 100.0% |
Qatar | N/A | 0.5 | N/A | 0.4 | -10.6% |
Kyrgyzstan | N/A | N/A | N/A | 0.1 | 0% |
Others | 1.5 | 2.9 | 2.7 | 3.8 | 36.3% |
Total | 15.7 | 19.3 | 24.5 | 33.4 | 28.6% |
Top Export Markets for Process Control, Gate, Globe and Other Valves from Latvia in 2022:
- Russia (608.1 tons)
- Lithuania (223.9 tons)
- Estonia (109.5 tons)
- Sweden (100.3 tons)
- Norway (31.1 tons)
- Turkey (27.2 tons)
- Finland (24.9 tons)
- Kyrgyzstan (24.1 tons)
- Qatar (21.4 tons)
This report provides an in-depth analysis of the market for process control, gate, globe and other valves in Latvia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28141233 - Mixing valves for sinks, wash basins, bidets, water cisterns etc. excluding valves for pressure-reducing or oleohydraulic/pneumatic power transmissions, check valves, s afety/relief valves
- Prodcom 28141235 - Taps, cocks and valves for sinks, wash basins, bidets, water cisterns etc. excluding valves for pressurereducing/ oleohydraulic transmissions, check, safety, relief and mixing valves
- Prodcom 28141253 - Central heating radiator thermostatic valves
- Prodcom 28141255 - Central heating radiator valves, other
- Prodcom 28141170 - Valves for pneumatic tyres and inner-tubes
- Prodcom 28141315 - Process control valves for pipes, boiler shells, tanks etc. excluding valves for pressure-reducing or oleohydraulic/pneumatic power transmissions, check, s afety/relief valves, temp. regulators
- Prodcom 28141353 - Globe valves, of cast iron
- Prodcom 28141355 - Globe valves, of steel
- Prodcom 28141373 - Ball and plug valves
- Prodcom 28141375 - Butterfly valves
- Prodcom 28141377 - Diaphragm valves
Country coverage:
- Latvia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Latvia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Explore the top import markets for process control, gate, globe, and other valves. Find out the import values and key statistics of the world's leading countries. Discover the market trends and opportunities using IndexBox market intelligence platform.
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