Latvia: Insulated Coaxial Cable Market 2024

Insulated Coaxial Cable Market Size in Latvia

The Latvian insulated coaxial cable market contracted to $X in 2022, which is down by X% against the previous year. In general, consumption saw a perceptible shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Insulated Coaxial Cable Production in Latvia

In value terms, insulated coaxial cable production reduced to $X in 2022 estimated in export price. Overall, production saw a pronounced setback. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Insulated Coaxial Cable Exports

Exports from Latvia

In 2022, shipments abroad of insulated coaxial cables was finally on the rise to reach X tons for the first time since 2015, thus ending a six-year declining trend. In general, exports, however, recorded a abrupt setback. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, insulated coaxial cable exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a deep downturn. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for insulated coaxial cable exports from Latvia, accounting for a X% share of total exports. Moreover, insulated coaxial cable exports to Russia exceeded the volume sent to the second major destination, Lithuania (X tons), sevenfold. Estonia (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, Russia ($X) remains the key foreign market for insulated coaxial cables exports from Latvia, comprising X% of total exports. The second position in the ranking was taken by Lithuania ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

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

Export Prices by Country

The average insulated coaxial cable export price stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the export price saw a abrupt slump. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, 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 Malaysia ($X per ton), while the average price for exports to Lithuania ($X per ton) was amongst the lowest.

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

Insulated Coaxial Cable Imports

Imports into Latvia

In 2022, after two years of decline, there was significant growth in purchases abroad of insulated coaxial cables, when their volume increased by X% to X tons. Over the period under review, imports, however, saw a perceptible decrease. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, insulated coaxial cable imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Lithuania (X tons), Poland (X tons) and Cyprus (X tons) were the main suppliers of insulated coaxial cable imports to Latvia, with a combined X% share of total imports. China, Hungary, the Netherlands, Germany, Vietnam, Finland, Estonia, Slovakia and Italy 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 Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X), Cyprus ($X) and Poland ($X) appeared to be the largest insulated coaxial cable suppliers to Latvia, with a combined X% share of total imports. China, Germany, Hungary, the Netherlands, Vietnam, Finland, Estonia, Slovakia and Italy lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Vietnam, 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 insulated coaxial cable import price amounted to $X per ton, waning by X% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, insulated coaxial cable import price decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then contracted in the following year.

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 Germany ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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