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

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Latvia: Cash Register Market Overview 2020

Cash Register Market Size in Latvia

The revenue of the cash register market in Latvia amounted to $X in 2018, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, cash register consumption continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. In that year, the cash register market attained its peak level of $X. From 2015 to 2018, the growth of the cash register market remained at a lower figure.

Cash Register Exports

Exports from Latvia

Cash register exports from Latvia amounted to X units in 2018, picking up by X% against the previous year. Overall, cash register exports continue to indicate a measured expansion. The pace of growth appeared the most rapid 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 2018, the growth of cash register exports failed to regain its momentum.

In value terms, cash register exports totaled $X in 2018. Over the period under review, cash register exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. In that year, cash register exports attained their peak and are likely to continue its growth in the immediate term.

Exports by Country

China was the key exporter of cash registers in the world, with the volume of exports reaching X units, which was near X% of total exports in 2018. Viet Nam (X units) held the second position in the ranking, followed by Malaysia (X units) and Singapore (X units). All these countries together occupied near X% share of total exports. Taiwan, Chinese (X units) and Indonesia (X units) took a minor share of total exports.

From 2007 to 2018, average annual rates of growth with regard to cash register exports from China stood at +X%. At the same time, Viet Nam (+X%), Malaysia (+X%), Taiwan, Chinese (+X%), Singapore (+X%) and Indonesia (+X%) displayed positive paces of growth. Moreover, Viet Nam emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. China (+X p.p.), Viet Nam (+X p.p.), Malaysia (+X p.p.), Singapore (+X p.p.) and Taiwan, Chinese (+X p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2018, the average annual growth rate of value in China stood at +X%. In the other countries, the average annual rates were as follows: Viet Nam (+X% per year) and Malaysia (+X% per year).

Export Prices by Country

In 2018, the cash register export price in Latvia amounted to $X per unit, increasing by X% against the previous year. Overall, the cash register export price continues to indicate a strong expansion. The pace of growth was the most pronounced in 2018 an increase of X% year-to-year. In that year, the export prices for cash registers attained their peak level and is likely to continue its growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Indonesia ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Indonesia, while the other leaders experienced a decline in the export price figures.

Cash Register Imports

Imports into Latvia

In 2018, the amount of cash registers imported into Latvia amounted to X units, rising by X% against the previous year. Overall, cash register imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% y-o-y. In that year, cash register imports attained their peak of X units. From 2015 to 2018, the growth of cash register imports remained at a somewhat lower figure.

In value terms, cash register imports stood at $X in 2018. Over the period under review, cash register imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, cash register imports attained their peak figure in 2018 and are likely to continue its growth in the near future.

Imports by Country

The countries with the highest levels of cash register imports in 2018 were the U.S. (X units), India (X units) and Singapore (X units), together accounting for X% of total import. Italy (X units) held the next position in the ranking, followed by the UK (X units) and Russia (X units). All these countries together took near X% share of total imports. The Netherlands (X units), China, Hong Kong SAR (X units), Japan (X units), Germany (X units), Greece (X units) and France (X units) occupied a minor share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Russia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constitutes the largest market for imported cash registers into Latvia, comprising X% of global imports. The second position in the ranking was occupied by India ($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 remained relatively stable over the period from 2007-2018. In the other countries, the average annual rates were as follows: India (+X% per year) and the UK (+X% per year).

Import Prices by Country

The cash register import price in Latvia stood at $X per unit in 2018, rising by X% against the previous year. Overall, the cash register import price, however, continues to indicate an abrupt decline. The pace of growth was the most pronounced in 2009 when the import price increased by X% year-to-year. In that year, the import prices for cash registers reached their peak level of $X per unit. From 2010 to 2018, the growth in terms of the import prices for cash registers failed to regain its momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was France ($X per unit), while Greece ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by France, while the other leaders experienced mixed trends in the import price figures.

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 2030.


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 2030
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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