Latvia - Winches And Capstans - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWinch and Capstan Price in Latvia - 2023
Contents:
- Winch and Capstan Price in Latvia (CIF) - 2023
- Winch and Capstan Price in Latvia (FOB) - 2022
- Winch and Capstan Imports in Latvia
- Winch and Capstan Exports in Latvia
Winch and Capstan Price in Latvia (CIF) - 2023
In September 2023, the average winch and capstan import price amounted to $1,407 per unit, falling by -32.9% against the previous month. Overall, the import price recorded a pronounced contraction. The most prominent rate of growth was recorded in March 2023 an increase of 206% against the previous month. The import price peaked at $2,629 per unit in May 2023; afterwards, it flattened through to September 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($15,905 per unit), while the price for Lithuania ($562 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 Germany (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Winch and Capstan Price in Latvia (FOB) - 2022
The average winch and capstan export price stood at $953 per unit in 2022, falling by -3.4% against the previous year. Overall, the export price recorded a noticeable decrease. The most prominent rate of growth was recorded in 2020 an increase of 208% against the previous year. Over the period under review, the average export prices reached the maximum at $2,403 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($2,326 per unit), while the average price for exports to Lithuania ($429 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 Canada (+152.2%), while the prices for the other major destinations experienced more modest paces of growth.
Winch and Capstan Imports in Latvia
Winch and capstan imports into Latvia soared to 9.3K units in 2022, jumping by 479% on 2021. Over the period under review, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, winch and capstan imports surged to $1.6M in 2022. In general, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Winch and Capstan in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lithuania | 21.4 | 50.0 | 55.4 | 581 | 200.6% |
China | 62.6 | 41.8 | 79.7 | 317 | 71.7% |
Poland | 52.0 | 92.1 | 206 | 182 | 51.8% |
Finland | 76.9 | 73.4 | 119 | 38.5 | -20.6% |
Estonia | 31.1 | 9.5 | 8.2 | 7.7 | -37.2% |
Others | 350 | 638 | 490 | 503 | 12.8% |
Total | 594 | 905 | 958 | 1,630 | 40.0% |
Top Suppliers of Winch and Capstan to Latvia in 2022:
- Lithuania (8.4K units)
- Poland (0.4K units)
- China (0.4K units)
Winch and Capstan Exports in Latvia
In 2022, overseas shipments of winches and capstans decreased by -9.5% to 296 units, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 264%. As a result, the exports attained the peak of 455 units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, winch and capstan exports fell to $282K in 2022. In general, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 1,023% against the previous year. As a result, the exports attained the peak of $520K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
Export of Winch and Capstan in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 7.3 | 279 | 137 | 126 | 158.4% |
Australia | N/A | N/A | N/A | 48.8 | 0% |
Lithuania | 7.1 | 15.4 | 32.8 | 39.9 | 77.8% |
Estonia | 21.5 | 10.6 | 37.3 | 32.9 | 15.2% |
Others | 10.4 | 216 | 115 | 34.5 | 49.1% |
Total | 46.3 | 520 | 322 | 282 | 82.6% |
Top Export Markets for Winch and Capstan from Latvia in 2022:
- Russia (130.0 units)
- Lithuania (93.0 units)
- Estonia (42.0 units)
- Australia (21.0 units)
This report provides an in-depth analysis of the winche and capstan 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 28221200 - Winches and capstans (excluding those for raising 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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