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Latvia - Microwave Ovens - Market Analysis, Forecast, Size, Trends and Insights
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Latvia: Microwave Oven Market Overview 2020

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Microwave Oven Market Size in Latvia

The revenue of the microwave oven market in Latvia amounted to $X in 2018, reducing by -X% against the previous year. Overall, microwave oven consumption, however, continues to indicate a mild expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. Latvia microwave oven consumption peaked at $X in 2017, and then declined slightly in the following year.

Microwave Oven Production in Latvia

In value terms, microwave oven production stood at $X in 2018 estimated in export prices. Over the period under review, microwave oven production, however, continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, microwave oven production attained its maximum level at $X in 2017, and then declined slightly in the following year.

Microwave Oven Exports

Exports from Latvia

In 2018, approx. X units of microwave ovens were exported from Latvia; growing by X% against the previous year. Overall, microwave oven exports continue to indicate an extraordinary expansion. The most prominent rate of growth was recorded in 2008 when exports increased by X% y-o-y. Latvia exports peaked in 2018 and are likely to see steady growth in the immediate term.

In value terms, microwave oven exports totaled $X in 2018. In general, microwave oven exports continue to indicate an extraordinary expansion. The most prominent rate of growth was recorded in 2008 when exports increased by X% year-to-year. Over the period under review, microwave oven exports reached their maximum in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

In 2018, China (X units) was the major exporter of microwave ovens, generating X% of total exports. Malaysia (X units) ranks second in terms of the total exports with a X% share, followed by Thailand (X%). The following exporters - Germany (X units), Belarus (X units) and the UK (X units) - each amounted to a X% share of total exports.

China experienced a relatively flat trend pattern of microwave ovens exports. At the same time, Belarus (+X%) and Malaysia (+X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, Thailand (-X%), Germany (-X%) and the UK (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.) and Malaysia (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Germany (-X p.p.) and Thailand (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, microwave oven exports increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Malaysia (+X% per year) and Thailand (-X% per year).

Export Prices by Country

In 2018, the microwave oven export price in Latvia amounted to $X per unit, falling by -X% against the previous year. Overall, the microwave oven export price continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2013 when the export price increased by X% year-to-year. Over the period under review, the export prices for microwave ovens reached their maximum at $X per unit in 2014; however, from 2015 to 2018, export prices failed to regain their momentum.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Microwave Oven Imports

Imports into Latvia

In 2018, the imports of microwave ovens into Latvia totaled X units, picking up by X% against the previous year. Over the period under review, microwave oven imports, however, continue to indicate a mild shrinkage. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. Latvia imports peaked at X units in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, microwave oven imports totaled $X in 2018. Overall, microwave oven imports, however, continue to indicate an abrupt downturn. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, microwave oven imports attained their peak figure at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, the U.S. (X units) was the main importer of microwave ovens, creating X% of total imports. It was distantly followed by Japan (X units), the UK (X units) and Russia (X units), together making up a X% share of total imports. Mexico (X units), France (X units), Brazil (X units), Germany (X units), Canada (X units), Spain (X units), South Korea (X units) and Australia (X units) held a little share of total imports.

From 2007 to 2018, average annual rates of growth with regard to microwave oven imports into the U.S. stood at +X%. At the same time, South Korea (+X%), Brazil (+X%), Russia (+X%), Mexico (+X%), Japan (+X%) and Australia (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Canada and France experienced a relatively flat trend pattern. By contrast, the UK (-X%), Spain (-X%) and Germany (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Japan, the U.S., Russia and South Korea increased by +X%, +X%, +X% and +X% percentage points, while the UK (-X p.p.), Spain (-X p.p.) and Germany (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In the U.S., microwave oven imports increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Japan (+X% per year) and the UK (-X% per year).

Import Prices by Country

In 2018, the microwave oven import price in Latvia amounted to $X per unit, waning by -X% against the previous year. Overall, the microwave oven import price continues to indicate a significant contraction. The growth pace was the most rapid in 2010 when the import price increased by X% year-to-year. Latvia import price peaked at $X per unit in 2014; however, from 2015 to 2018, import prices remained at a lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Brazil, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Product coverage:
• Prodcom 27512700 - Domestic microwave ovens

This report provides an in-depth analysis of the microwave oven 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 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
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 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
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, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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