Wind Powered Generator Price in Latvia - 2023

Contents:

1. Wind Powered Generator Price in Latvia (CIF) - 2022
2. Wind Powered Generator Price in Latvia (FOB) - 2022
3. Wind Powered Generator Imports in Latvia
4. Wind Powered Generator Exports in Latvia

Wind Powered Generator Price in Latvia (CIF) - 2022

In 2022, the average wind powered generator import price amounted to $70 per unit, shrinking by -95.6% against the previous year. In general, the import price recorded a sharp contraction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 9,911% against the previous year. Over the period under review, average import prices reached the maximum at $8,990 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Estonia ($862 per unit), while the price for Germany ($64 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-7.7%), while the prices for the other major suppliers experienced a decline.

Wind Powered Generator Price in Latvia (FOB) - 2022

The average wind powered generator export price stood at $22,010 per unit in 2022, waning by -31% against the previous year. Over the period under review, the export price, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2016 an increase of 236% against the previous year. Over the period under review, the average export prices attained the maximum at $32,649 per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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 the United States ($142,428 per unit), while the average price for exports to Russia ($4,530 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 (+32.1%), while the prices for the other major destinations experienced more modest paces of growth.

Wind Powered Generator Imports in Latvia

In 2022, approx. 10K units of wind powered generating sets were imported into Latvia; increasing by 3,000% compared with 2021 figures. Over the period under review, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, wind powered generator imports surged to $699K in 2022. In general, imports saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of 2,726%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Top Suppliers of Wind Powered Generator to Latvia in 2022:

1. Denmark (8.3K units)
2. Germany (1.6K units)
3. Estonia (0.1K units)

Wind Powered Generator Exports in Latvia

In 2022, approx. 77 units of wind powered generating sets were exported from Latvia; shrinking by -20.6% against the year before. In general, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 978%. As a result, the exports reached the peak of 97 units, and then declined markedly in the following year.

In value terms, wind powered generator exports dropped markedly to $1.7M in 2022. Over the period under review, exports, however, showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 946%. As a result, the exports attained the peak of $3.1M, and then declined markedly in the following year.

Top Export Markets for Wind Powered Generator from Latvia in 2022:

1. Russia (37.0 units)
2. Kazakhstan (21.0 units)
3. Estonia (17.0 units)
4. United States (2.0 units)

Source: IndexBox Market Intelligence Platform