Latvia - Road Tractors For Semi-Trailers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Road Tractor for Semi-Trailer in Latvia - 2022
Contents:
- Price for Road Tractor for Semi-Trailer in Latvia (CIF) - 2022
- Price for Road Tractor for Semi-Trailer in Latvia (FOB) - 2022
- Imports of Road Tractor for Semi-Trailer in Latvia
- Exports of Road Tractor for Semi-Trailer in Latvia
Price for Road Tractor for Semi-Trailer in Latvia (CIF) - 2022
In 2022, the average road tractor for semi-trailer import price amounted to $71,537 per unit, reducing by -3.7% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 26%. As a result, import price reached the peak level of $86,488 per unit. From 2014 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($106,235 per unit), while the price for Lithuania ($47,379 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Road Tractor for Semi-Trailer in Latvia (FOB) - 2022
The average road tractor for semi-trailer export price stood at $47,345 per unit in 2022, shrinking by -16.1% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 65%. The export price peaked at $58,950 per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($103,083 per unit), while the average price for exports to Serbia ($3,219 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 Belgium (+20.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Road Tractor for Semi-Trailer in Latvia
Road tractor for semi-trailer imports into Latvia dropped sharply to 988 units in 2022, which is down by -24.5% on 2021 figures. Overall, total imports indicated a temperate expansion from 2019 to 2022: its volume increased at an average annual rate of +3.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 96%. As a result, imports attained the peak of 1.3K units, and then contracted rapidly in the following year.
In value terms, road tractor for semi-trailer imports shrank significantly to $71M in 2022. In general, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 120%. As a result, imports attained the peak of $97M, and then fell markedly in the following year.
| Import of Road Tractor for Semi-Trailer in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 28.7 | 19.2 | 29.3 | 23.1 | -7.0% |
| Germany | 5.0 | 4.5 | 19.4 | 15.4 | 45.5% |
| Belgium | 16.9 | 9.8 | 15.5 | 12.2 | -10.3% |
| Lithuania | 3.7 | 1.9 | 11.1 | 8.8 | 33.5% |
| Estonia | 1.0 | 0.3 | 5.3 | 4.2 | 61.3% |
| Netherlands | 1.8 | 4.7 | 4.7 | 3.7 | 27.1% |
| France | 1.5 | 2.6 | 2.6 | 2.0 | 10.1% |
| Others | 0.8 | 1.1 | 9.4 | 1.2 | 14.5% |
| Total | 59.3 | 44.2 | 97.2 | 70.7 | 6.0% |
Top Suppliers of Road Tractor for Semi-Trailer to Latvia in 2022:
- Sweden (240.0 units)
- Germany (210.0 units)
- Lithuania (185.0 units)
- Belgium (158.0 units)
- Estonia (49.0 units)
- Netherlands (35.0 units)
- France (32.0 units)
Exports of Road Tractor for Semi-Trailer in Latvia
In 2022, after three years of growth, there was significant decline in shipments abroad of road tractors for semi-trailers, when their volume decreased by -15.4% to 488 units. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +7.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +22.6% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 45%. As a result, the exports attained the peak of 577 units, and then shrank notably in the following year.
In value terms, road tractor for semi-trailer exports reduced sharply to $23M in 2022. Overall, exports, however, posted a prominent expansion. The growth pace was the most rapid in 2021 when exports increased by 138% against the previous year. As a result, the exports reached the peak of $33M, and then declined markedly in the following year.
| Export of Road Tractor for Semi-Trailer in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 10.0 | 4.8 | 12.7 | 9.9 | -0.3% |
| Lithuania | 1.9 | 1.0 | 5.9 | 4.6 | 34.3% |
| Poland | 0.1 | 0.1 | 3.6 | 2.8 | 203.7% |
| Kazakhstan | 0.8 | 2.8 | 1.3 | 1.2 | 14.5% |
| Russia | 1.3 | 1.1 | 1.4 | 1.1 | -5.4% |
| Germany | N/A | 0.6 | 1.2 | 1.0 | 29.1% |
| Belgium | N/A | 0.3 | 1.3 | 1.0 | 82.6% |
| Ukraine | 0.7 | 0.2 | 0.3 | 0.3 | -24.6% |
| Georgia | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Azerbaijan | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Mongolia | N/A | N/A | 0.2 | 0.1 | -50.0% |
| Tajikistan | 0.1 | N/A | 0.2 | 0.1 | 0.0% |
| Serbia | N/A | 0.1 | 0.1 | N/A | 0.0% |
| Others | 1.7 | 2.4 | 4.2 | 0.7 | -25.6% |
| Total | 17.0 | 13.7 | 32.6 | 23.1 | 10.8% |
Top Export Markets for Road Tractor for Semi-Trailer from Latvia in 2022:
- Lithuania (103.0 units)
- Sweden (96.0 units)
- Kazakhstan (68.0 units)
- Poland (61.0 units)
- Russia (28.0 units)
- Germany (27.0 units)
- Belgium (21.0 units)
- Ukraine (18.0 units)
- Tajikistan (16.0 units)
- Azerbaijan (15.0 units)
- Georgia (14.0 units)
- Serbia (14.0 units)
- Mongolia (12.0 units)
This report provides an in-depth analysis of the market for road tractor for semi-trailer 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 29104300 - Road tractors for semi-trailers
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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