Tungsten Halogen Lamp Price in Latvia - 2023

Tungsten Halogen Lamp Price in Latvia (CIF) - 2022

In 2022, the average tungsten halogen lamp import price amounted to $3.7 per unit, with an increase of 27% against the previous year. In general, the import price recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 an increase of 109%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Slovakia ($7.7 per unit), while the price for Hungary ($2.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+21.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Tungsten Halogen Lamp Price in Latvia (FOB) - 2022

The average tungsten halogen lamp export price stood at $3.5 per unit in 2022, increasing by 8.7% against the previous year. Over the period under review, the export price continues to indicate a resilient increase. The pace of growth was the most pronounced in 2020 when the average export price increased by 98% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($7.7 per unit), while the average price for exports to Spain ($1.2 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 Lithuania (+20.8%), while the prices for the other major destinations experienced more modest paces of growth.

Tungsten Halogen Lamp Imports in Latvia

In 2022, tungsten halogen lamp imports into Latvia shrank notably to 688K units, with a decrease of -55.4% against the year before. Overall, imports continue to indicate a sharp contraction. The smallest decline of -17.2% was in 2021. Imports peaked at 2.7M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, tungsten halogen lamp imports dropped remarkably to $2.5M in 2022. In general, imports, however, saw temperate growth. The pace of growth was the most pronounced in 2020 when imports increased by 42%. Imports peaked at $4.4M in 2021, and then reduced remarkably in the following year.

Import of Tungsten Halogen Lamp in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Lithuania	688	1,400	1,448	516	-9.1%
Slovakia	330	391	519	407	7.2%
Poland	537	618	794	336	-14.5%
France	109	129	929	275	36.1%
Netherlands	39.0	207	93.2	266	89.6%
Germany	226	190	166	254	4.0%
Hungary	150	139	202	180	6.3%
Others	227	195	293	281	7.4%
Total	2,305	3,269	4,444	2,515	2.9%

Top Suppliers of Tungsten Halogen Lamp to Latvia in 2022:

Lithuania (200.6K units)
Poland (125.2K units)
Hungary (85.4K units)
Netherlands (63.3K units)
France (58.4K units)
Germany (55.5K units)
Slovakia (53.1K units)

Tungsten Halogen Lamp Exports in Latvia

In 2022, after three years of growth, there was significant decline in overseas shipments of tungsten halogen lamps, when their volume decreased by -55.6% to 433K units. Overall, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2020 with an increase of 33%. The exports peaked at 976K units in 2021, and then declined significantly in the following year.

In value terms, tungsten halogen lamp exports shrank markedly to $1.5M in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 164%. Over the period under review, the exports hit record highs at $3.2M in 2021, and then declined remarkably in the following year.

Export of Tungsten Halogen Lamp in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	144	870	814	430	44.0%
Germany	218	562	1,190	335	15.4%
Turkey	N/A	N/A	N/A	171	0%
Sweden	152	328	680	140	-2.7%
Russia	6.7	175	70.2	136	172.8%
Lithuania	158	148	154	125	-7.5%
Estonia	68.5	48.8	51.7	45.8	-12.6%
Denmark	6.6	25.3	27.1	15.4	32.6%
Spain	37.0	19.2	5.4	7.9	-40.2%
Others	81.2	130	171	122	14.5%
Total	872	2,306	3,164	1,528	20.6%