Latvia - Refrigerating or Freezing Display Counters, Cabinets, Show-cases - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefrigerating Show-Cases Price in Latvia - 2023
Contents:
- Refrigerating Show-Cases Price in Latvia (CIF) - 2023
- Refrigerating Show-Cases Price in Latvia (FOB) - 2023
- Refrigerating Show-Cases Imports in Latvia
- Refrigerating Show-Cases Exports in Latvia
Refrigerating Show-Cases Price in Latvia (CIF) - 2023
In October 2023, the average refrigerating show-cases import price amounted to $838 per unit, reducing by -35.4% against the previous month. Overall, the import price recorded a slight slump. The pace of growth was the most pronounced in January 2023 an increase of 37% month-to-month. As a result, import price attained the peak level of $1,663 per unit. From February 2023 to October 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Lithuania ($5,299 per unit), while the price for Slovakia ($237 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 Lithuania (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Refrigerating Show-Cases Price in Latvia (FOB) - 2023
In October 2023, the average refrigerating show-cases export price amounted to $1,733 per unit, with a decrease of -10.4% against the previous month. In general, the export price, however, saw a resilient expansion. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 144% month-to-month. As a result, the export price attained the peak level of $2,425 per unit; afterwards, it flattened through to October 2023.
There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was Russia ($8,476 per unit), while the average price for exports to Mauritius ($687 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 Russia (+24.3%), while the prices for the other major destinations experienced more modest paces of growth.
Refrigerating Show-Cases Imports in Latvia
In 2022, overseas purchases of refrigerating or freezing display counters, cabinets, show-cases decreased by -17.9% to 7.7K units, falling for the second year in a row after two years of growth. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 34% against the previous year. As a result, imports attained the peak of 10K units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, refrigerating show-cases imports declined to $9.5M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +11.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 47%. Imports peaked at $11M in 2021, and then shrank in the following year.
| Import of Refrigerating Show-Cases in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 1,749 | 1,669 | 2,618 | 2,483 | 12.4% |
| Lithuania | 984 | 873 | 1,463 | 1,037 | 1.8% |
| Poland | 768 | 960 | 1,197 | 929 | 6.5% |
| Austria | 162 | 2,064 | 637 | 925 | 78.7% |
| Denmark | 323 | 317 | 379 | 743 | 32.0% |
| Russia | 678 | 669 | 1,159 | 693 | 0.7% |
| Finland | 279 | 245 | 242 | 372 | 10.1% |
| Netherlands | 37.9 | 216 | 145 | 331 | 105.9% |
| Germany | 151 | 229 | 437 | 305 | 26.4% |
| Sweden | 358 | 1,002 | 1,137 | 266 | -9.4% |
| Ukraine | 166 | 153 | 156 | 194 | 5.3% |
| Estonia | 252 | 427 | 401 | 187 | -9.5% |
| China | 89.8 | 114 | 98.0 | 57.9 | -13.6% |
| Others | 834 | 1,092 | 900 | 1,003 | 6.3% |
| Total | 6,831 | 10,030 | 10,969 | 9,525 | 11.7% |
Top Suppliers of Refrigerating Show-Cases to Latvia in 2022:
- Poland (1061.0 units)
- Denmark (927.0 units)
- Italy (924.0 units)
- Austria (856.0 units)
- Russia (841.0 units)
- Lithuania (558.0 units)
- China (330.0 units)
- Ukraine (309.0 units)
- Germany (295.0 units)
- Finland (293.0 units)
- Netherlands (221.0 units)
- Sweden (189.0 units)
- Estonia (184.0 units)
Refrigerating Show-Cases Exports in Latvia
In 2022, exports of refrigerating or freezing display counters, cabinets, show-cases from Latvia dropped markedly to 1.3K units, falling by -23.3% compared with 2021. Overall, exports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 43%. As a result, the exports reached the peak of 1.7K units, and then contracted notably in the following year.
In value terms, refrigerating show-cases exports dropped remarkably to $2.4M in 2022. In general, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +7.4% 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 +28.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 68% against the previous year. As a result, the exports reached the peak of $3.2M, and then contracted sharply in the following year.
| Export of Refrigerating Show-Cases in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 113 | 247 | 471 | 451 | 58.6% |
| Lithuania | 859 | 752 | 627 | 444 | -19.7% |
| Estonia | 411 | 314 | 632 | 232 | -17.4% |
| Uzbekistan | N/A | 111 | 91.6 | 223 | 41.7% |
| Poland | 79.6 | 57.2 | 347 | 184 | 32.2% |
| Denmark | 13.5 | 7.0 | N/A | 131 | 113.3% |
| Norway | 30.8 | 15.6 | 31.3 | 110 | 52.9% |
| Sweden | 94.4 | 142 | 106 | 108 | 4.6% |
| United Arab Emirates | N/A | N/A | N/A | 70.7 | 0% |
| Saudi Arabia | N/A | 14.5 | 54.0 | 67.5 | 115.8% |
| Georgia | N/A | N/A | N/A | 55.1 | 0% |
| Kazakhstan | 123 | 37.0 | 83.9 | 24.3 | -41.8% |
| Hong Kong SAR | N/A | N/A | 303 | 9.0 | -97.0% |
| Others | 234 | 194 | 435 | 318 | 10.8% |
| Total | 1,958 | 1,891 | 3,182 | 2,428 | 7.4% |
Top Export Markets for Refrigerating Show-Cases from Latvia in 2022:
- Lithuania (550.0 units)
- Estonia (137.0 units)
- Russia (122.0 units)
- Poland (59.0 units)
- Georgia (58.0 units)
- Denmark (41.0 units)
- Uzbekistan (40.0 units)
- Sweden (40.0 units)
- Norway (27.0 units)
- United Arab Emirates (26.0 units)
- Saudi Arabia (22.0 units)
- Kazakhstan (20.0 units)
- Hong Kong SAR (6.0 units)
This report provides an in-depth analysis of the refrigerating show-cases market 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 28251333 - Refrigerated show-cases and counters incorporating a refrigerating unit or evaporator for frozen food storage
- Prodcom 28251335 - Refrigerated show-cases and counters incorporating a refrigerating unit or evaporator (excluding for frozen food storage)
- Prodcom 28251360 - Refrigerating furniture with a refrigerating unit or evaporator (excluding combined refrigerator-freezers, with separate external doors, household refrigerators, refrigerated showcases and counters)
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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