Latvia: Market for Digital Data Processing Machines: Presented In The Form Of Systems 2024

Market Size for Digital Data Processing Machines: Presented In The Form Of Systems in Latvia

The Latvian digital data processing machine market declined notably to $X in 2022, with a decrease of X% against the previous year. Overall, consumption continues to indicate a deep downturn. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Digital Data Processing Machines: Presented In The Form Of Systems in Latvia

In value terms, digital data processing machine production reduced markedly to $X in 2022 estimated in export price. Overall, production faced a dramatic decrease. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Exports of Digital Data Processing Machines: Presented In The Form Of Systems

Exports from Latvia

In 2022, overseas shipments of digital data processing machines: presented in the form of systems were finally on the rise to reach X units after three years of decline. In general, exports recorded buoyant growth. The growth pace was the most rapid in 2016 when exports increased by X%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, digital data processing machine exports soared to $X in 2022. Over the period under review, exports enjoyed prominent growth. The pace of growth was the most pronounced in 2016 when exports increased by X%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Lithuania (X units) was the main destination for digital data processing machine exports from Latvia, with a X% share of total exports. Moreover, digital data processing machine 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 2022, the average annual growth rate of volume to Lithuania stood at 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, Lithuania ($X) remains the key foreign market for digital data processing machines: presented in the form of systems exports from Latvia, comprising X% of total exports. The second position in the ranking was held by Estonia ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Lithuania amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (X% per year) and Poland (X% per year).

Export Prices by Country

In 2022, the average digital data processing machine export price amounted to $X per unit, which is down by X% against the previous year. In general, the export price saw a noticeable decrease. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while the average price for exports to Slovakia ($X 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 Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Digital Data Processing Machines: Presented In The Form Of Systems

Imports into Latvia

In 2022, overseas purchases of digital data processing machines: presented in the form of systems decreased by X% to X units, falling for the fourth year in a row after five years of growth. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, digital data processing machine imports skyrocketed to $X in 2022. Overall, imports, however, posted notable growth. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

The Netherlands (X units), Lithuania (X units) and Poland (X units) were the main suppliers of digital data processing machine imports to Latvia, together accounting for X% of total imports. Germany, Hong Kong SAR, Belgium, China and Estonia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hong Kong SAR (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest digital data processing machine suppliers to Latvia were the Netherlands ($X), Lithuania ($X) and Germany ($X), with a combined X% share of total imports. Poland, Belgium, China, Estonia and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

In 2022, the average digital data processing machine import price amounted to $X per unit, jumping by X% against the previous year. In general, the import price saw a resilient expansion. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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