Price for Winches and Capstans; Not Powered by an Electric Motor in Latvia - 2023
Contents:
- Price for Winches and Capstans; Not Powered by an Electric Motor in Latvia (CIF) - 2022
- Price for Winches and Capstans; Not Powered by an Electric Motor in Latvia (FOB) - 2022
- Imports of Winches and Capstans; Not Powered by an Electric Motor in Latvia
- Exports of Winches and Capstans; Not Powered by an Electric Motor in Latvia
Price for Winches and Capstans; Not Powered by an Electric Motor in Latvia (CIF) - 2022
In 2022, the average import price for winches and capstans; not powered by an electric motors amounted to $45 per unit, which is down by -29.5% against the previous year. Overall, the import price saw a deep contraction. The pace of growth appeared the most rapid in 2017 an increase of 78%. The import price peaked at $172 per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
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 Germany ($574 per unit), while the price for Taiwan (Chinese) ($15 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Winches and Capstans; Not Powered by an Electric Motor in Latvia (FOB) - 2022
In 2022, the average export price for winches and capstans; not powered by an electric motors amounted to $59 per unit, waning by -70.7% against the previous year. Over the period under review, the export price faced a abrupt decline. The growth pace was the most rapid in 2016 an increase of 566%. As a result, the export price attained the peak level of $1,744 per unit. From 2017 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($1,394 per unit), while the average price for exports to Estonia ($52 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 Norway (+36.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Winches and Capstans; Not Powered by an Electric Motor in Latvia
For the fourth year in a row, Latvia recorded growth in supplies from abroad of winches and capstans; not powered by an electric motors, which increased by 56% to 5.4K units in 2022. Over the period under review, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of winches and capstans; not powered by an electric motors rose sharply to $246K in 2022. The total import value increased at an average annual rate of +4.2% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Winches and Capstans; Not Powered by an Electric Motor in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 8.8 | 46.4 | 5.6 | 75.2 | 104.4% |
| China | 39.1 | 5.8 | 8.6 | 55.2 | 12.2% |
| Poland | 33.1 | 45.2 | 57.1 | 49.8 | 14.6% |
| Lithuania | 10.0 | 28.1 | 20.9 | 18.3 | 22.3% |
| Taiwan (Chinese) | N/A | 10.8 | N/A | 7.6 | -16.1% |
| Estonia | 30.9 | 3.4 | 4.4 | 4.6 | -47.0% |
| Others | 95.2 | 53.9 | 126 | 35.0 | -28.4% |
| Total | 217 | 194 | 223 | 246 | 4.3% |
Top Suppliers of Winches and Capstans; Not Powered by an Electric Motor to Latvia in 2022:
- Poland (2340.0 units)
- China (1911.0 units)
- Taiwan (Chinese) (518.0 units)
- Lithuania (327.0 units)
- Germany (131.0 units)
- Estonia (81.0 units)
Exports of Winches and Capstans; Not Powered by an Electric Motor in Latvia
In 2022, approx. 681 units of winches and capstans; not powered by an electric motors were exported from Latvia; reducing by -26.5% against the previous year. Over the period under review, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 226%. As a result, the exports reached the peak of 927 units, and then fell dramatically in the following year.
In value terms, exports of winches and capstans; not powered by an electric motors shrank remarkably to $40K in 2022. In general, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 175%. Over the period under review, the exports of hit record highs at $188K in 2021, and then reduced remarkably in the following year.
| Export of Winches and Capstans; Not Powered by an Electric Motor in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 3.1 | 9.8 | 17.7 | 18.5 | 81.4% |
| Estonia | 16.0 | 9.5 | 13.2 | 17.4 | 2.8% |
| Russia | 7.3 | 14.0 | 123 | 4.2 | -16.8% |
| Sweden | N/A | N/A | 33.9 | N/A | 0% |
| Others | 2.9 | 47.4 | 0.1 | 0.2 | -59.0% |
| Total | 29.3 | 80.7 | 188 | 40.4 | 11.3% |
Top Export Markets for Winches and Capstans; Not Powered by an Electric Motor from Latvia in 2022:
- Lithuania (339.0 units)
- Estonia (337.0 units)
- Russia (3.0 units)
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