Latvia: Amplifier Market 2024

Amplifier Market Size in Latvia

The Latvian amplifier market rose significantly to $X in 2023, surging by X% against the previous year. Over the period under review, the total consumption indicated moderate growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Over the period under review, the market reached the maximum level at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Amplifier Production in Latvia

In value terms, amplifier production shrank dramatically to $X in 2023 estimated in export price. Over the period under review, production recorded a abrupt descent. The most prominent rate of growth was recorded in 2014 with an increase of X%. Amplifier production peaked at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

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Amplifier Exports

Exports from Latvia

For the third consecutive year, Latvia recorded decline in overseas shipments of amplifiers, which decreased by X% to X units in 2023. In general, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2018 with an increase of X%. As a result, the exports attained the peak of X units. From 2019 to 2023, the growth of the exports remained at a lower figure.

In value terms, amplifier exports skyrocketed to $X in 2023. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports attained the peak figure in 2023 and are likely to see gradual growth in the near future.

Exports by Country

Lithuania (X units) was the main destination for amplifier exports from Latvia, with a X% share of total exports. Moreover, amplifier exports to Lithuania exceeded the volume sent to the second major destination, Estonia (X units), threefold. Germany (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Lithuania totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (X% per year) and Germany (X% per year).

In value terms, the largest markets for amplifier exported from Latvia were Lithuania ($X), Turkey ($X) and Estonia ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average amplifier export price stood at $X per unit in 2023, with an increase of X% against the previous year. Overall, the export price, however, saw a noticeable downturn. The growth pace was the most rapid in 2019 an increase of X%. The export price peaked at $X per unit in 2015; however, from 2016 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Cyprus ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Amplifier Imports

Imports into Latvia

In 2023, supplies from abroad of amplifiers decreased by X% to X units, falling for the second year in a row after four years of growth. In general, imports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Imports peaked at X units in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, amplifier imports soared to $X in 2023. Over the period under review, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked in 2023 and are expected to retain growth in the immediate term.

Imports by Country

Lithuania (X units), Germany (X units) and Finland (X units) were the main suppliers of amplifier imports to Latvia, with a combined X% share of total imports. Italy, Estonia, the Czech Republic, Austria, China, France, Sweden, Poland, the Netherlands and Denmark lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Austria (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X), France ($X) and China ($X) were the largest amplifier suppliers to Latvia, together comprising X% of total imports.

France, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average amplifier import price stood at $X per unit in 2023, growing by X% against the previous year. In general, the import price posted a measured increase. The growth pace was the most rapid in 2014 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum in 2023 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for Lithuania ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform