Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Latvia - 2023
Contents:
- Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Latvia (CIF) - 2022
- Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Latvia (FOB) - 2023
- Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Latvia
- Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Latvia
Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Latvia (CIF) - 2022
The average import price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs stood at $13,823 per unit in 2022, surging by 6.9% against the previous year. Overall, the import price saw a strong increase. The pace of growth was the most pronounced in 2016 when the average import price increased by 145% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($16,513 per unit), while the price for China ($821 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Latvia (FOB) - 2023
The average export price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs stood at $24,130 per unit in October 2023, surging by 23% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.2%. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 37% against the previous month. Over the period under review, the average export prices reached the maximum in October 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Belarus ($98,090 per unit), while the average price for exports to Russia ($3,064 per unit) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+17.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Latvia
In 2022, imports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs into Latvia rose to 5.6K units, picking up by 4.6% compared with the previous year's figure. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +8.5% 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 +78.5% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 71%. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, imports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs stood at $78M in 2022. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 133%. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in years to come.
| Import of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 23.9 | 12.8 | 35.7 | 41.1 | 19.8% |
| Poland | 2.6 | 3.1 | 16.7 | 17.1 | 87.4% |
| Estonia | 4.9 | 5.9 | 8.0 | 10.9 | 30.5% |
| Finland | 3.4 | 2.5 | 4.3 | 3.6 | 1.9% |
| Belgium | 1.8 | 2.3 | 2.2 | 3.2 | 21.1% |
| China | 0.5 | 0.3 | 0.7 | 0.6 | 6.3% |
| United States | 2.6 | 0.9 | N/A | N/A | -65.4% |
| Others | 0.7 | 2.0 | 2.0 | 1.4 | 26.0% |
| Total | 40.4 | 29.9 | 69.7 | 77.9 | 24.5% |
Top Suppliers of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc to Latvia in 2022:
- Germany (2555.0 units)
- Poland (1033.0 units)
- China (695.0 units)
- Estonia (666.0 units)
- Finland (278.0 units)
- Belgium (239.0 units)
Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Latvia
In 2022, the amount of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs exported from Latvia surged to 2.1K units, jumping by 31% compared with the year before. Overall, exports recorded a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 83% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs skyrocketed to $39M in 2022. In general, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 125%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 14.1 | 8.8 | 21.1 | 25.3 | 21.5% |
| Estonia | 4.7 | 4.3 | 10.0 | 12.3 | 37.8% |
| France | 0.9 | N/A | 0.1 | 0.6 | -12.6% |
| Belgium | 3.0 | 0.2 | 0.1 | N/A | -81.7% |
| Others | 0.3 | 0.7 | 0.3 | 1.2 | 58.7% |
| Total | 23.0 | 14.1 | 31.6 | 39.4 | 19.7% |
Top Export Markets for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc from Latvia in 2022:
- Lithuania (1349.0 units)
- Estonia (629.0 units)
- France (33.0 units)
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