Feb 1, 2019

Latvia - Cash Registers - Market Analysis, Forecast, Size, Trends and Insights

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Latvia: Cash Register Market Overview 2019

Cash Register Market Size in Latvia

The revenue of the cash register market in Latvia amounted to $X in 2017, surging by X% against the previous year. Overall, cash register consumption continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2011, when the market value increased by X% y-o-y. Over the period under review, the cash register market attained its maximum level in 2017, and is likely to continue its growth in the immediate term.

Cash Register Production in Latvia

In value terms, cash register production stood at $X in 2017 estimated in export prices. In general, cash register production continues to indicate a drastic reduction. The growth pace was the most rapid in 2014, when the output figure increased by X% against the previous year. Over the period under review, cash register production reached its peak figure level at $X in 2007; however, from 2008 to 2017, production remained at a lower figure.

Cash Register Exports

Exports from Latvia

In 2017, approx. X units of cash registers were exported from Latvia; waning by -X% against the previous year. Over the period under review, cash register exports, however, continue to indicate a moderate increase. The most prominent rate of growth was recorded in 2012, with an increase of X% against the previous year. In that year, cash register exports reached their peak of X units. From 2013 to 2017, the growth of cash register exports remained at a somewhat lower figure.

In value terms, cash register exports amounted to $X in 2017. Over the period under review, cash register exports, however, continue to indicate a remarkable growth. The most prominent rate of growth was recorded in 2014, with an increase of X% y-o-y. In that year, cash register exports attained their peak of $X. From 2015 to 2017, the growth of cash register exports remained at a lower figure.

Exports by Country

China represented the major exporter of cash registers in the world, with the volume of exports accounting for X units, which was approx. X% of total exports in 2017. It was distantly followed by Malaysia (X units) and Singapore (X units), together making up X% share of total exports. The following exporters - the U.S. (X units), Taiwan, Chinese (X units), Italy (X units) and South Korea (X units) - together made up X% of total exports.

From 2007 to 2017, average annual rates of growth with regard to cash register exports from China stood at +X%. At the same time, Malaysia (+X%), Italy (+X%), Taiwan, Chinese (+X%) and Singapore (+X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2017. By contrast, the U.S. (-X%) and South Korea (-X%) illustrated a downward trend over the same period. South Korea (X%) significantly strengthened its position in terms of the global exports, while Italy, Taiwan, Chinese, Singapore, Malaysia and China saw its share reduced by -X%, -X%, -X%, -X% and -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest cash register supplier from Latvia, comprising X% of global exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of global exports. It was followed by Malaysia, with a X% share.

From 2007 to 2017, the average annual growth rate of value in China amounted to +X%. In the other countries, the average annual rates were as follows: the U.S. (+X% per year) and Malaysia (+X% per year).

Export Prices by Country

The cash register export price in Latvia stood at $X per unit in 2017, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2014, an increase of X% y-o-y. In that year, the export prices for cash registers reached their peak level of $X per unit. From 2015 to 2017, the growth in terms of the export prices for cash registers failed to regain its momentum.

Export prices varied noticeably by the country of origin; the country with the highest export price was the U.S. ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by South Korea, while the other leaders experienced mixed trends in the export price figures.

Cash Register Imports

Imports into Latvia

In 2017, approx. X units of cash registers were imported into Latvia; growing by X% against the previous year. Overall, cash register imports continue to indicate a strong increase. The pace of growth was the most pronounced in 2011, with an increase of X% against the previous year. Over the period under review, cash register imports attained their peak figure in 2017, and are likely to continue its growth in the immediate term.

In value terms, cash register imports totaled $X in 2017. In general, cash register imports continue to indicate a strong growth. The most prominent rate of growth was recorded in 2011, with an increase of X% year-to-year. Over the period under review, cash register imports attained their maximum in 2017, and are expected to retain its growth in the near future.

Imports by Country

The U.S. (X units) and Singapore (X units) represented roughly X% of total imports of cash registers in 2017. Italy (X units) took the next position in the ranking, followed by the UK (X units). All these countries together held near X% share of total imports. Russia (X units), India (X units), China, Hong Kong SAR (X units), Japan (X units), Germany (X units), Iran (X units), Turkey (X units) and France (X units) took a minor share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by India, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constitutes the largest market for imported cash registers into Latvia, comprising X% of global imports. The second position in the ranking was occupied by Japan ($X), with a X% share of global imports. It was followed by the UK, with a X% share.

In the U.S., cash register imports shrank by an average annual rate of -X% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+X% per year) and the UK (-X% per year).

Import Prices by Country

In 2017, the cash register import price in Latvia amounted to $X per unit, rising by X% against the previous year. Overall, the cash register import price, however, continues to indicate a drastic decrease. The pace of growth was the most pronounced in 2008, an increase of X% year-to-year. Over the period under review, the import prices for cash registers attained their maximum at $X per unit in 2009; however, from 2010 to 2017, import prices stood at a somewhat lower figure.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was France ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by France, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Product coverage:
• Prodcom 28231300 - Accounting machines, cash registers, postage-franking machines, ticket-issuing machines and similar machines, i ncorporating a calculating device

This report provides an in-depth analysis of the cash register 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2025
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2018
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption In 2007–2018
Table 5:
Imports, In Physical Terms, By Country, 2007–2018
Table 6:
Imports, In Value Terms, By Country, 2007–2018
Table 7:
Import Prices, By Country Of Origin, 2007–2018
Table 8:
Exports, In Physical Terms, By Country, 2007–2018
Table 9:
Exports, In Value Terms, By Country, 2007–2018
Table 10:
Export Prices, By Country Of Destination, 2007–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2018
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2018
Figure 5:
Trade Balance, In Physical Terms, 2007–2018
Figure 6:
Trade Balance, In Value Terms, 2007–2018
Figure 7:
Per Capita Consumption, 2007–2018
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2018
Figure 21:
Production, In Value Terms, 2007–2018
Figure 22:
Imports, In Physical Terms, 2007–2018
Figure 23:
Imports, In Value Terms, 2007–2018
Figure 24:
Imports, In Physical Terms, By Country, 2018
Figure 25:
Imports, In Physical Terms, By Country, 2007–2018
Figure 26:
Imports, In Value Terms, By Country, 2007–2018
Figure 27:
Import Prices, By Country Of Origin, 2007–2018
Figure 28:
Exports, In Physical Terms, 2007–2018
Figure 29:
Exports, In Value Terms, 2007–2018
Figure 30:
Exports, In Physical Terms, By Country, 2018
Figure 31:
Exports, In Physical Terms, By Country, 2007–2018
Figure 32:
Exports, In Value Terms, By Country, 2007–2018
Figure 33:
Export Prices, By Country Of Destination, 2007–2018
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