Latvia - Pulley Tackle And Hoists Powered By An Electric Motor - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Pulley Tackle and Hoists Powered by an Electric Motor in Latvia - 2023
Contents:
- Price for Pulley Tackle and Hoists Powered by an Electric Motor in Latvia (CIF) - 2023
- Price for Pulley Tackle and Hoists Powered by an Electric Motor in Latvia (FOB) - 2022
- Imports of Pulley Tackle and Hoists Powered by an Electric Motor in Latvia
- Exports of Pulley Tackle and Hoists Powered by an Electric Motor in Latvia
Price for Pulley Tackle and Hoists Powered by an Electric Motor in Latvia (CIF) - 2023
The average import price for pulley tackle and hoists powered by an electric motor stood at $385 per unit in October 2023, shrinking by -90.6% against the previous month. In general, the import price recorded a pronounced decrease. The most prominent rate of growth was recorded in June 2023 an increase of 738% month-to-month. Over the period under review, average import prices hit record highs at $6,773 per unit in January 2023; however, from February 2023 to October 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($1,216 per unit), while the price for Estonia ($294 per unit) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Denmark (+51.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Pulley Tackle and Hoists Powered by an Electric Motor in Latvia (FOB) - 2022
In 2022, the average export price for pulley tackle and hoists powered by an electric motor amounted to $2,344 per unit, reducing by -68.9% against the previous year. Over the period under review, the export price saw a perceptible downturn. The growth pace was the most rapid in 2016 when the average export price increased by 569%. Over the period under review, the average export prices reached the maximum at $11,021 per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($8,567 per unit), while the average price for exports to Georgia ($158 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 Estonia (+10.9%), while the prices for the other major destinations experienced a decline.
Imports of Pulley Tackle and Hoists Powered by an Electric Motor in Latvia
In 2022, the amount of pulley tackle and hoists powered by an electric motor imported into Latvia expanded significantly to 228 units, growing by 15% against the previous year. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +5.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -24.8% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 54%. As a result, imports attained the peak of 303 units. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of pulley tackle and hoists powered by an electric motor declined to $385K in 2022. In general, imports, however, continue to indicate a dramatic shrinkage. Imports peaked at $909K in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Pulley Tackle and Hoists Powered by an Electric Motor in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 32.7 | 99.0 | 72.3 | 103 | 46.6% |
| Germany | 236 | 238 | 136 | 93.4 | -26.6% |
| Estonia | 37.8 | 22.9 | 91.4 | 60.7 | 17.1% |
| Lithuania | 1.7 | 0.4 | 11.5 | 36.9 | 178.9% |
| Denmark | 171 | 24.4 | N/A | 25.8 | -46.8% |
| Finland | 10.2 | 2.8 | 38.6 | 25.2 | 35.2% |
| Netherlands | 2.7 | 5.2 | 21.2 | 13.2 | 69.7% |
| United Kingdom | 150 | N/A | 22.5 | 9.7 | -59.9% |
| Switzerland | 10.1 | 5.4 | 7.3 | 8.0 | -7.5% |
| Sweden | 239 | N/A | 0.3 | N/A | -96.5% |
| Others | 17.5 | 99.2 | 12.3 | 9.6 | -18.1% |
| Total | 909 | 497 | 413 | 385 | -24.9% |
Top Suppliers of Pulley Tackle and Hoists Powered by an Electric Motor to Latvia in 2022:
- Estonia (53.0 units)
- Germany (45.0 units)
- Italy (43.0 units)
- Lithuania (34.0 units)
- Finland (30.0 units)
- Netherlands (7.0 units)
- Switzerland (6.0 units)
- Denmark (4.0 units)
- United Kingdom (2.0 units)
Exports of Pulley Tackle and Hoists Powered by an Electric Motor in Latvia
In 2022, shipments abroad of pulley tackle and hoists powered by an electric motor decreased by -54.9% to 23 units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports showed a abrupt setback. The growth pace was the most rapid in 2020 with an increase of 78%. The exports peaked at 51 units in 2021, and then declined rapidly in the following year.
In value terms, exports of pulley tackle and hoists powered by an electric motor dropped remarkably to $54K in 2022. In general, exports recorded a dramatic contraction. The pace of growth was the most pronounced in 2021 when exports increased by 126% against the previous year. As a result, the exports reached the peak of $385K, and then declined significantly in the following year.
| Export of Pulley Tackle and Hoists Powered by an Electric Motor in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 17.6 | N/A | 199 | 34.3 | 24.9% |
| Norway | N/A | N/A | N/A | 12.0 | 0% |
| Estonia | 129 | 134 | 139 | 5.1 | -65.9% |
| Georgia | N/A | N/A | N/A | 2.5 | 0% |
| Russia | N/A | 24.2 | 24.9 | N/A | 2.9% |
| Netherlands | N/A | 0.9 | N/A | N/A | 0% |
| United Kingdom | N/A | 8.3 | N/A | N/A | 0% |
| Others | 1.1 | 2.7 | 22.5 | N/A | 352.3% |
| Total | 148 | 170 | 385 | 53.9 | -28.6% |
Top Export Markets for Pulley Tackle and Hoists Powered by an Electric Motor from Latvia in 2022:
- Georgia (16.0 units)
- Lithuania (4.0 units)
- Norway (2.0 units)
- Estonia (1.0 units)
This report provides an in-depth analysis of the market for pulley tackle and hoists powered by an electric motor 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 28221130 - Pulley tackle and hoists powered by an electric motor (excluding of the kind used for raising vehicles)
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
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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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