Latvia - Lifting Equipment Designed For Mounting On Road Vehicles - Market Analysis, Forecast, Size, Trends And Insights
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View PricingVehicle-Mounted Lifting Equipment Price in Latvia - 2023
Contents:
- Vehicle-Mounted Lifting Equipment Price in Latvia (CIF) - 2022
- Vehicle-Mounted Lifting Equipment Price in Latvia (FOB) - 2022
- Vehicle-Mounted Lifting Equipment Imports in Latvia
- Vehicle-Mounted Lifting Equipment Exports in Latvia
Vehicle-Mounted Lifting Equipment Price in Latvia (CIF) - 2022
The average vehicle-mounted lifting equipment import price stood at $25,336 per unit in 2022, rising by 9.8% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vehicle-mounted lifting equipment import price increased by +92.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 75% against the previous year. Over the period under review, average import prices reached the maximum 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 Poland ($55,973 per unit), while the price for Slovakia ($7,311 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+45.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Vehicle-Mounted Lifting Equipment Price in Latvia (FOB) - 2022
The average vehicle-mounted lifting equipment export price stood at $14,173 per unit in 2022, picking up by 8.1% against the previous year. Overall, the export price, however, recorded a perceptible contraction. The growth pace was the most rapid in 2014 an increase of 32% against the previous year. The export price peaked at $28,292 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 Kazakhstan ($25,321 per unit), while the average price for exports to Finland ($2,968 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 Kazakhstan (+93.7%), while the prices for the other major destinations experienced more modest paces of growth.
Vehicle-Mounted Lifting Equipment Imports in Latvia
In 2022, vehicle-mounted lifting equipment imports into Latvia skyrocketed to 289 units, increasing by 68% on the previous year. In general, imports, however, recorded a perceptible downturn. Over the period under review, imports attained the peak figure at 322 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, vehicle-mounted lifting equipment imports soared to $7.3M in 2022. Over the period under review, imports continue to indicate strong growth. The pace of growth was the most pronounced in 2021 with an increase of 87%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.
| Import of Vehicle-Mounted Lifting Equipment in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 2,137 | 966 | 1,952 | 3,023 | 12.3% |
| Austria | 855 | 177 | 339 | 1,128 | 9.7% |
| Finland | 1,246 | 93.2 | 208 | 890 | -10.6% |
| Estonia | 914 | 286 | 473 | 827 | -3.3% |
| Slovakia | 714 | 475 | 335 | 804 | 4.0% |
| Germany | 72.8 | 8.8 | 54.0 | 322 | 64.2% |
| Lithuania | 45.6 | 1.6 | 229 | 47.6 | 1.4% |
| Others | 94.6 | 118 | 376 | 281 | 43.7% |
| Total | 6,079 | 2,125 | 3,967 | 7,322 | 6.4% |
Top Suppliers of Vehicle-Mounted Lifting Equipment to Latvia in 2022:
- Slovakia (110.0 units)
- Poland (54.0 units)
- Estonia (38.0 units)
- Austria (38.0 units)
- Finland (25.0 units)
- Germany (10.0 units)
- Lithuania (6.0 units)
Vehicle-Mounted Lifting Equipment Exports in Latvia
In 2022, vehicle-mounted lifting equipment exports from Latvia surged to 174 units, picking up by 17% compared with the previous year. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 94%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.
In value terms, vehicle-mounted lifting equipment exports skyrocketed to $2.5M in 2022. The total export value increased at an average annual rate of +6.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Vehicle-Mounted Lifting Equipment in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 886 | 815 | 904 | 982 | 3.5% |
| Estonia | 617 | 405 | 296 | 782 | 8.2% |
| Lithuania | 517 | 416 | 476 | 425 | -6.3% |
| Kazakhstan | N/A | N/A | 11.8 | 76.0 | 544.1% |
| Russia | 3.5 | 32.2 | 92.7 | 65.3 | 165.2% |
| Finland | 8.5 | 22.4 | N/A | 50.5 | 81.1% |
| Belarus | 4.3 | 2.8 | 156 | 3.4 | -7.5% |
| Others | N/A | 32.0 | 16.6 | 82.7 | 60.8% |
| Total | 2,037 | 1,726 | 1,953 | 2,466 | 6.6% |
Top Export Markets for Vehicle-Mounted Lifting Equipment from Latvia in 2022:
- Sweden (55.0 units)
- Estonia (42.0 units)
- Lithuania (37.0 units)
- Finland (17.0 units)
- Russia (12.0 units)
- Kazakhstan (3.0 units)
- Belarus (1.0 units)
This report provides an in-depth analysis of the vehicle-mounted lifting 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 28221460 - Lifting equipment designed for mounting on road vehicles
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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