Latvia - Ride-On Compaction Equipment - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRide-On Compaction Equipment Price in Latvia - 2023
Contents:
- Ride-On Compaction Equipment Price in Latvia (CIF) - 2022
- Ride-On Compaction Equipment Price in Latvia (FOB) - 2022
- Ride-On Compaction Equipment Imports in Latvia
- Ride-On Compaction Equipment Exports in Latvia
Ride-On Compaction Equipment Price in Latvia (CIF) - 2022
The average ride-on compaction equipment import price stood at $73,812 per unit in 2022, growing by 13% against the previous year. Overall, the import price saw prominent growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 76%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.
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 ($99,806 per unit), while the price for the Czech Republic ($1,281 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+42.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Ride-On Compaction Equipment Price in Latvia (FOB) - 2022
The average ride-on compaction equipment export price stood at $27,279 per unit in 2022, shrinking by -22.1% against the previous year. Over the period under review, the export price recorded a deep contraction. The growth pace was the most rapid in 2018 an increase of 92%. Over the period under review, the average export prices attained the peak figure at $51,472 per unit in 2012; however, from 2013 to 2022, the 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 Hungary ($134,394 per unit), while the average price for exports to Belgium ($418 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 Vietnam (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.
Ride-On Compaction Equipment Imports in Latvia
In 2022, approx. 85 units of ride-on compaction equipment were imported into Latvia; reducing by -25.4% compared with the previous year. Overall, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 23%. As a result, imports reached the peak of 114 units, and then reduced notably in the following year.
In value terms, ride-on compaction equipment imports declined rapidly to $6.3M in 2022. In general, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 116%. As a result, imports reached the peak of $7.4M, and then contracted notably in the following year.
| Import of Ride-On Compaction Equipment in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2,142 | 2,281 | 5,601 | 3,892 | 22.0% |
| Estonia | 81.8 | 613 | 320 | 996 | 130.1% |
| Sweden | 188 | 111 | 1,309 | 830 | 64.0% |
| China | 191 | 16.8 | N/A | 346 | 21.9% |
| Lithuania | 173 | 65.8 | 48.2 | 109 | -14.3% |
| Norway | 50.9 | N/A | 9.8 | 64.9 | 8.4% |
| Czech Republic | N/A | N/A | N/A | 3.8 | 0% |
| Finland | 229 | N/A | N/A | 0.7 | -85.5% |
| Others | 29.0 | 344 | 134 | 31.7 | 3.0% |
| Total | 3,085 | 3,432 | 7,423 | 6,274 | 26.7% |
Top Suppliers of Ride-On Compaction Equipment to Latvia in 2022:
- Germany (39.0 units)
- Estonia (22.0 units)
- Sweden (9.0 units)
- China (5.0 units)
- Czech Republic (3.0 units)
- Norway (3.0 units)
- Lithuania (2.0 units)
- Finland (1.0 units)
Ride-On Compaction Equipment Exports in Latvia
In 2022, approx. 48 units of ride-on compaction equipment were exported from Latvia; jumping by 23% against 2021 figures. In general, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 203%. As a result, the exports reached the peak of 94 units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, ride-on compaction equipment exports contracted slightly to $1.3M in 2022. Over the period under review, exports continue to indicate resilient growth. The growth pace was the most rapid in 2020 with an increase of 187% against the previous year. As a result, the exports attained the peak of $2.9M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Ride-On Compaction Equipment in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 150 | 126 | 65.2 | 616 | 60.1% |
| Poland | 62.3 | N/A | 31.0 | 149 | 33.7% |
| Estonia | 80.0 | 415 | 141 | 146 | 22.2% |
| Hungary | N/A | N/A | N/A | 134 | 0% |
| Netherlands | 30.2 | 529 | 2.4 | 99.8 | 49.0% |
| Vietnam | N/A | 484 | 155 | 54.8 | -66.4% |
| Bulgaria | 67.1 | N/A | N/A | 39.9 | -15.9% |
| Lithuania | 549 | 1,181 | 380 | 18.6 | -67.6% |
| Portugal | N/A | N/A | N/A | 17.9 | 0% |
| Kazakhstan | 12.3 | N/A | 15.5 | 16.8 | 11.0% |
| Iraq | 22.4 | 58.4 | N/A | 14.7 | -13.1% |
| Israel | N/A | N/A | N/A | 0.9 | 0% |
| Belgium | N/A | N/A | N/A | 0.4 | 0% |
| Others | 36.4 | 101 | 576 | N/A | 297.8% |
| Total | 1,010 | 2,895 | 1,365 | 1,309 | 9.0% |
Top Export Markets for Ride-On Compaction Equipment from Latvia in 2022:
- Germany (25.0 units)
- Netherlands (5.0 units)
- Poland (4.0 units)
- Kazakhstan (3.0 units)
- Estonia (2.0 units)
- Vietnam (2.0 units)
- Israel (1.0 units)
- Portugal (1.0 units)
- Lithuania (1.0 units)
- Belgium (1.0 units)
- Hungary (1.0 units)
- Iraq (1.0 units)
- Bulgaria (1.0 units)
This report provides an in-depth analysis of the ride-on compaction equipment 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 28922400 - Ride-on compaction equipment and the like
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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