Report Update May 1, 2024

Latvia - Mechanical Stokers - Market Analysis, Forecast, Size, Trends and Insights

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Latvia: Mechanical Stoker Market 2024

Mechanical Stoker Market Size in Latvia

In 2022, the Latvian mechanical stoker market increased by 41% to $X, rising for the third consecutive year after three years of decline. Over the period under review, consumption, however, recorded a abrupt slump. Mechanical stoker consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Mechanical Stoker Production in Latvia

In value terms, mechanical stoker production rose markedly to $X in 2022 estimated in export price. In general, production recorded prominent growth. The pace of growth was the most pronounced in 2016 with an increase of 307% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Mechanical Stoker Exports

Exports from Latvia

In 2022, mechanical stoker exports from Latvia reduced notably to X kg, shrinking by -95.2% against the previous year's figure. Overall, exports continue to indicate a sharp downturn. The pace of growth was the most pronounced in 2020 when exports increased by 20,071%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, mechanical stoker exports fell markedly to $X in 2022. In general, exports recorded a dramatic shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 9,266%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Estonia (X kg) was the main destination for mechanical stoker exports from Latvia, accounting for a 75% share of total exports. Moreover, mechanical stoker exports to Estonia exceeded the volume sent to the second major destination, Lithuania (X kg), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Estonia amounted to -47.6%.

In value terms, Estonia ($X) emerged as the key foreign market for mechanical stokers exports from Latvia, comprising 81% of total exports. The second position in the ranking was taken by Lithuania ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Estonia amounted to -34.5%.

Export Prices by Country

In 2022, the average mechanical stoker export price amounted to $X per ton, growing by 51% against the previous year. Overall, the export price showed significant growth. The pace of growth was the most pronounced in 2021 an increase of 347% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Lithuania amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+319.4%), while the prices for the other major destinations experienced more modest paces of growth.

Mechanical Stoker Imports

Imports into Latvia

Mechanical stoker imports into Latvia surged to X tons in 2022, picking up by 50% against the year before. Over the period under review, imports, however, continue to indicate a dramatic downturn. The growth pace was the most rapid in 2018 with an increase of 52% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, mechanical stoker imports surged to $X in 2022. In general, imports, however, showed a precipitous descent. The most prominent rate of growth was recorded in 2018 with an increase of 256%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Finland (X tons), Italy (X tons) and Sweden (X tons) were the main suppliers of mechanical stoker imports to Latvia, with a combined 99% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +173.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Finland ($X) and Sweden ($X) appeared to be the largest mechanical stoker suppliers to Latvia, with a combined 99% share of total imports.

In terms of the main suppliers, Finland, with a CAGR of +140.8%, saw the highest rates of growth with regard to 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

The average mechanical stoker import price stood at $X per ton in 2022, with a decrease of -14.8% against the previous year. Overall, the import price, however, saw perceptible growth. The growth pace was the most rapid in 2018 when the average import price increased by 134%. The import price peaked at $X per ton in 2021, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+31.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for mechanical stokers in the world?

The countries with the highest volumes of consumption in 2022 were China, the United States and Indonesia, with a combined 32% share of global consumption.

What are the largest producers of mechanical stokers in the world?

China remains the largest mechanical stoker producing country worldwide, accounting for 18% of total volume. Moreover, mechanical stoker production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. Austria ranked third in terms of total production with a 7.6% share.

What are the leading suppliers of mechanical stokers to Latvia?

In value terms, Italy, Finland and Sweden constituted the largest mechanical stoker suppliers to Latvia, together comprising 99% of total imports.

What are the leading importers of mechanical stokers from Latvia?

In value terms, Estonia $734) emerged as the key foreign market for mechanical stokers exports from Latvia, comprising 81% of total exports. The second position in the ranking was taken by Lithuania $170), with a 19% share of total exports.

What is the average export price for mechanical stokers in Latvia?

The average mechanical stoker export price stood at $75,333 per ton in 2022, increasing by 51% against the previous year.

What is the average import price for mechanical stokers in Latvia?

In 2022, the average mechanical stoker import price amounted to $22,137 per ton, declining by -14.8% against the previous year.

This report provides an in-depth analysis of the mechanical stoker 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.

Product coverage:

Prodcom 28211170 - Mechanical stokers (including their mechanical grates, m echanical ash dischargers and similar appliances)

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023