Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Latvia - 2023
Contents:
- Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Latvia (CIF) - 2022
- Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Latvia (FOB) - 2022
- Imports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Latvia
- Exports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Latvia
Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Latvia (CIF) - 2022
In 2022, the average import price for tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) amounted to $125 per unit, declining by -13.1% against the previous year. Over the period from 2020 to 2022, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2021 an increase of 21% against the previous year. As a result, import price attained the peak level of $144 per unit, and then contracted in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Estonia ($314 per unit), while the price for Romania ($41 per unit) was amongst the lowest.
From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+20.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Latvia (FOB) - 2022
The average export price for tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) stood at $243 per unit in 2022, surging by 4.7% against the previous year. Over the period under review, the export price, however, showed a slight reduction. The pace of growth was the most pronounced in 2021 when the average export price increased by 19%. Over the period under review, the average export prices reached the maximum at $276 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($1,142 per unit), while the average price for exports to Lithuania ($115 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 Ukraine (+37.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Latvia
For the fourth consecutive year, Latvia recorded growth in purchases abroad of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion), which increased by 19% to 11K units in 2022. In general, imports enjoyed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) expanded modestly to $1.4M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +16.2% 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 +57.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 43% against the previous year. Over the period under review, imports of tools; for working in hand, pneumatic, rotary type (including combined rotary-percussion) attained the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Poland | 283 | 345 | 303 | 3.5% | |
| Germany | 154 | 181 | 198 | 13.4% | |
| Estonia | 113 | 207 | 165 | 20.8% | |
| Lithuania | 137 | 157 | 142 | 1.8% | |
| Austria | 36.9 | 76.9 | 116 | 77.3% | |
| Netherlands | 64.6 | 124 | 97.5 | 22.9% | |
| Romania | N/A | N/A | 40.7 | 0% | |
| China | 0.4 | 40.4 | 22.9 | 656.6% | |
| Others | 147 | 209 | 300 | 42.9% | |
| Total | 935 | 1,340 | 1,385 | 21.7% | |
Top Suppliers of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) to Latvia in 2022:
- Poland (3.4K units)
- Germany (2.3K units)
- Romania (1.0K units)
- Lithuania (0.8K units)
- Austria (0.8K units)
- Netherlands (0.7K units)
- Estonia (0.5K units)
- China (0.4K units)
Exports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Latvia
In 2022, shipments abroad of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) decreased by -39.9% to 1.6K units, falling for the second year in a row after two years of growth. In general, exports showed a pronounced descent. The growth pace was the most rapid in 2020 with an increase of 85%. As a result, the exports attained the peak of 3.2K units. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) fell remarkably to $379K in 2022. Overall, exports recorded a deep contraction. The growth pace was the most rapid in 2020 when exports increased by 38%. As a result, the exports attained the peak of $615K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | N/A | N/A | N/A | 93.6 | 0% |
| Lithuania | 62.4 | 84.5 | 113 | 76.9 | 7.2% |
| Russia | 308 | 374 | 302 | 65.3 | -40.4% |
| Estonia | 19.9 | 22.1 | 33.5 | 55.8 | 41.0% |
| Sweden | 19.2 | 59.2 | 15.3 | 14.0 | -10.0% |
| Belarus | 1.8 | 4.0 | 6.2 | 10.7 | 81.1% |
| Netherlands | N/A | 52.3 | 6.1 | 9.8 | -56.7% |
| Ukraine | 27.4 | 5.5 | 104 | 2.5 | -55.0% |
| Others | 7.8 | 13.3 | 21.4 | 50.5 | 86.4% |
| Total | 447 | 615 | 602 | 379 | -5.4% |
Top Export Markets for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) from Latvia in 2022:
- Lithuania (668.0 units)
- Russia (265.0 units)
- Estonia (214.0 units)
- Sweden (93.0 units)
- Hong Kong SAR (82.0 units)
- Netherlands (74.0 units)
- Belarus (41.0 units)
- Ukraine (5.0 units)
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