Latvia - Retreaded Pneumatic Tyres - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRetreaded Pneumatic Tyre Price in Latvia - 2023
Contents:
- Retreaded Pneumatic Tyre Price in Latvia (CIF) - 2022
- Retreaded Pneumatic Tyre Price in Latvia (FOB) - 2022
- Retreaded Pneumatic Tyre Imports in Latvia
- Retreaded Pneumatic Tyre Exports in Latvia
Retreaded Pneumatic Tyre Price in Latvia (CIF) - 2022
In 2022, the average retreaded pneumatic tyre import price amounted to $48 per unit, increasing by 5.1% against the previous year. Overall, the import price, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2015 an increase of 61% against the previous year. As a result, import price reached the peak level of $197 per unit. From 2016 to 2022, the average import prices remained 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 Estonia ($332 per unit), while the price for Italy ($39 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+23.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Retreaded Pneumatic Tyre Price in Latvia (FOB) - 2022
In 2022, the average retreaded pneumatic tyre export price amounted to $74 per unit, jumping by 27% against the previous year. Overall, the export price, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 433%. The export price peaked at $319 per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($84 per unit), while the average price for exports to Germany ($38 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 (-0.7%), while the prices for the other major destinations experienced a decline.
Retreaded Pneumatic Tyre Imports in Latvia
For the third year in a row, Latvia recorded decline in supplies from abroad of retreaded pneumatic tyres, which decreased by -12% to 19K units in 2022. Over the period under review, imports continue to indicate a abrupt slump. The smallest decline of -10.5% was in 2021. Imports peaked at 31K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, retreaded pneumatic tyre imports reduced to $901K in 2022. In general, imports faced a sharp reduction. Over the period under review, imports hit record highs at $2.7M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Retreaded Pneumatic Tyre in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 684 | 612 | 521 | 693 | 0.4% |
| Poland | 198 | 166 | 266 | 74.8 | -27.7% |
| Estonia | 690 | 82.2 | 75.5 | 54.7 | -57.0% |
| Lithuania | 1,033 | 563 | 100 | 9.1 | -79.3% |
| Others | 47.2 | 9.6 | 12.2 | 69.4 | 13.7% |
| Total | 2,652 | 1,432 | 974 | 901 | -30.2% |
Top Suppliers of Retreaded Pneumatic Tyre to Latvia in 2022:
- Italy (17.8K units)
- Poland (0.6K units)
- Estonia (0.2K units)
- Lithuania (0.1K units)
Retreaded Pneumatic Tyre Exports in Latvia
In 2022, overseas shipments of retreaded pneumatic tyres decreased by -43.3% to 11K units, falling for the second consecutive year after two years of growth. In general, exports, however, recorded modest growth. The pace of growth appeared the most rapid in 2020 when exports increased by 118%. As a result, the exports attained the peak of 23K units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, retreaded pneumatic tyre exports contracted dramatically to $795K in 2022. Over the period under review, exports saw a dramatic shrinkage. Over the period under review, the exports hit record highs at $3.3M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Retreaded Pneumatic Tyre in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 2,389 | 1,052 | 612 | 411 | -44.4% |
| Lithuania | 834 | 540 | 342 | 357 | -24.6% |
| Germany | 26.0 | 26.3 | 113 | 14.2 | -18.3% |
| Finland | 48.7 | 116 | 11.8 | N/A | -50.8% |
| Others | 24.1 | 3.0 | 28.5 | 13.5 | -17.6% |
| Total | 3,322 | 1,738 | 1,108 | 795 | -37.9% |
Top Export Markets for Retreaded Pneumatic Tyre from Latvia in 2022:
- Lithuania (5.3K units)
- Estonia (4.9K units)
- Germany (0.4K units)
This report provides an in-depth analysis of the retreaded pneumatic tyre 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 22112030 - Retreaded tyres of rubber of a kind used on motor cars
- Prodcom 22112050 - Retreaded tyres of rubber of a kind used on buses and lorries
- Prodcom 22112090 - Retreaded tyres of rubber (including of a kind used on aircraft, excluding of a kind used on motor cars, buses or lorries)
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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