Latvia - Wheeled Loaders, Crawler Shovel Loaders, Front-End Loaders - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWheeled Loader Price in Latvia - 2023
Contents:
- Wheeled Loader Price in Latvia (CIF) - 2023
- Wheeled Loader Price in Latvia (FOB) - 2023
- Wheeled Loader Imports in Latvia
- Wheeled Loader Exports in Latvia
Wheeled Loader Price in Latvia (CIF) - 2023
The average wheeled loader import price stood at $110K per unit in September 2023, dropping by -18.3% against the previous month. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 47% m-o-m. Over the period under review, average import prices hit record highs at $148K per unit in July 2023; afterwards, it flattened through to September 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Poland ($180K per unit), while the price for China ($64,819 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Poland (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Wheeled Loader Price in Latvia (FOB) - 2023
The average wheeled loader export price stood at $56,324 per unit in September 2023, reducing by -4.6% against the previous month. In general, the export price continues to indicate a slight contraction. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 75% month-to-month. The export price peaked at $128K per unit in June 2023; afterwards, it flattened through to September 2023.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was Estonia ($162K per unit), while the average price for exports to Uganda ($11,122 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+24.0%), while the prices for the other major destinations experienced more modest paces of growth.
Wheeled Loader Imports in Latvia
In 2022, approx. 279 units of wheeled loaders, crawler shovel loaders, front-end loaders were imported into Latvia; picking up by 6.1% against the previous year. Over the period under review, total imports indicated pronounced growth from 2019 to 2022: its volume increased at an average annual rate of +4.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 55% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, wheeled loader imports shrank to $24M in 2022. Overall, imports recorded significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 78% against the previous year. As a result, imports reached the peak of $26M, and then reduced in the following year.
| Import of Wheeled Loader in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.6 | 1.8 | 5.5 | 4.9 | 10.8% |
| Estonia | 1.6 | 1.9 | 4.7 | 3.4 | 28.6% |
| United Kingdom | N/A | 0.2 | 2.7 | 2.6 | 260.6% |
| Netherlands | 0.2 | 1.4 | 0.6 | 2.1 | 119.0% |
| Sweden | 2.5 | 2.7 | 4.0 | 2.0 | -7.2% |
| Lithuania | 1.0 | 0.9 | 1.8 | 1.9 | 23.9% |
| China | 0.3 | N/A | 0.1 | 1.6 | 74.7% |
| Belgium | 0.4 | 1.2 | 1.7 | 1.4 | 51.8% |
| United States | 1.0 | 3.4 | 0.4 | 1.2 | 6.3% |
| Czech Republic | 0.7 | 0.3 | 1.6 | 1.2 | 19.7% |
| Italy | 0.6 | 0.4 | 1.3 | 0.7 | 5.3% |
| France | 1.0 | 0.1 | 0.8 | 0.6 | -15.7% |
| Norway | 0.3 | 0.2 | 0.3 | 0.3 | 0.0% |
| Others | 0.5 | 0.2 | 0.5 | 0.2 | -26.3% |
| Total | 13.8 | 14.7 | 26.2 | 24.2 | 20.6% |
Top Suppliers of Wheeled Loader to Latvia in 2022:
- China (74.0 units)
- Netherlands (48.0 units)
- Germany (36.0 units)
- Estonia (22.0 units)
- United Kingdom (20.0 units)
- United States (18.0 units)
- Lithuania (17.0 units)
- Italy (7.0 units)
- Czech Republic (7.0 units)
- Sweden (7.0 units)
- France (5.0 units)
- Belgium (5.0 units)
- Norway (5.0 units)
Wheeled Loader Exports in Latvia
In 2022, after three years of growth, there was significant decline in shipments abroad of wheeled loaders, crawler shovel loaders, front-end loaders, when their volume decreased by -32.6% to 62 units. Overall, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +6.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +21.6% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 48%. As a result, the exports reached the peak of 92 units, and then fell significantly in the following year.
In value terms, wheeled loader exports declined significantly to $3.5M in 2022. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 83%. As a result, the exports attained the peak of $5.3M, and then dropped notably in the following year.
| Export of Wheeled Loader in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 347 | 1,405 | 1,820 | 1,021 | 43.3% |
| Estonia | 355 | 235 | 990 | 751 | 28.4% |
| Germany | N/A | 92.5 | 1,051 | 559 | 145.8% |
| Netherlands | 656 | 291 | 236 | 356 | -18.4% |
| Czech Republic | N/A | 229 | 190 | 253 | 5.1% |
| Poland | 103 | 264 | 92.5 | 114 | 3.4% |
| Armenia | N/A | N/A | N/A | 102 | 0% |
| Bulgaria | N/A | N/A | N/A | 75.2 | 0% |
| Turkey | N/A | N/A | N/A | 18.3 | 0% |
| Belarus | 77.0 | 12.0 | 16.8 | N/A | -53.3% |
| Others | 56.4 | 367 | 908 | 264 | 67.3% |
| Total | 1,595 | 2,896 | 5,304 | 3,514 | 30.1% |
Top Export Markets for Wheeled Loader from Latvia in 2022:
- Lithuania (12.0 units)
- Germany (10.0 units)
- Estonia (8.0 units)
- Armenia (7.0 units)
- Netherlands (6.0 units)
- Czech Republic (4.0 units)
- Poland (3.0 units)
- Turkey (2.0 units)
- Bulgaria (2.0 units)
This report provides an in-depth analysis of the wheeled loader 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 28922550 - Wheeled loaders, crawler shovel loaders, front-end loaders
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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