Report Update Apr 1, 2024

Latvia - Milking Machines - Market Analysis, Forecast, Size, Trends and Insights

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Latvia: Milking Machine Market 2024

Milking Machine Market Size in Latvia

The Latvian milking machine market reached $X in 2022, surging by X% against the previous year. Overall, consumption posted buoyant growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Milking Machine Production in Latvia

In value terms, milking machine production amounted to $X in 2022 estimated in export price. Overall, production recorded a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Milking Machine Exports

Exports from Latvia

In 2022, after two years of growth, there was significant decline in overseas shipments of milking machines, when their volume decreased by X% to X units. Overall, exports saw a precipitous decrease. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, milking machine exports shrank rapidly to $X in 2022. In general, exports recorded a sharp contraction. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Lithuania (X units) was the main destination for milking machine exports from Latvia, with a X% share of total exports. Moreover, milking machine exports to Lithuania exceeded the volume sent to the second major destination, Estonia (X units), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Lithuania stood at X%.

In value terms, Lithuania ($X) remains the key foreign market for milking machines exports from Latvia, comprising X% of total exports. The second position in the ranking was held by Estonia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Lithuania amounted to X%.

Export Prices by Country

The average milking machine export price stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the export price showed a mild downturn. The pace of growth appeared the most rapid in 2015 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($X per unit), while the average price for exports to Estonia stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Milking Machine Imports

Imports into Latvia

In 2022, approx. X units of milking machines were imported into Latvia; waning by X% on 2021 figures. Over the period under review, imports continue to indicate a abrupt setback. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, milking machine imports shrank significantly to $X in 2022. Overall, imports recorded a noticeable contraction. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Poland (X units), Germany (X units) and the Netherlands (X units) were the main suppliers of milking machine imports to Latvia, with a combined X% share of total imports. Turkey, Romania and Lithuania lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest milking machine suppliers to Latvia were Poland ($X), Germany ($X) and the Netherlands ($X), with a combined X% share of total imports. Turkey, Romania and Lithuania lagged somewhat behind, together accounting for a further X%.

Turkey, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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 milking machine import price amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the import price, however, enjoyed prominent growth. The growth pace was the most rapid in 2013 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2021, and then reduced sharply in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced mixed trend patterns.

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Frequently Asked Questions (FAQ) :

What are the largest markets for milking machines in the world?

The countries with the highest volumes of consumption in 2023 were Finland, Estonia and Latvia, together comprising 93% of global consumption. China lagged somewhat behind, accounting for a further 1.7%.

What are the largest producers of milking machines in the world?

The countries with the highest volumes of production in 2022 were Estonia, Finland and Latvia, with a combined 94% share of global production. These countries were followed by China, which accounted for a further 1.7%.

What are the leading suppliers of milking machines to Latvia?

In value terms, the largest milking machine suppliers to Latvia were Poland, Germany and the Netherlands, together accounting for 95% of total imports. Turkey, Romania and Lithuania lagged somewhat behind, together accounting for a further 4.3%.

What are the leading importers of milking machines from Latvia?

In value terms, Lithuania remains the key foreign market for milking machines exports from Latvia, comprising 98% of total exports. The second position in the ranking was held by Estonia $553), with a 2.5% share of total exports.

What is the average export price for milking machines in Latvia?

The average milking machine export price stood at $4,449 per unit in 2022, waning by -14.6% against the previous year.

What is the average import price for milking machines in Latvia?

The average milking machine import price stood at $11,432 per unit in 2022, dropping by -24.9% against the previous year.

This report provides an in-depth analysis of the milking machine 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 28308200 - Milking machines

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