Latvia: Pliers And Pincers Market 2024

Pliers And Pincers Market Size in Latvia

In 2022, the Latvian pliers and pincers market decreased by X% to $X for the first time since 2017, thus ending a four-year rising trend. Overall, consumption, however, enjoyed a perceptible increase. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Pliers And Pincers Exports

Exports from Latvia

After two years of growth, shipments abroad of pliers, pincers and tweezers for nonmedical use decreased by X% to X tons in 2022. Overall, exports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then shrank in the following year.

In value terms, pliers and pincers exports contracted dramatically to $X in 2022. Over the period under review, exports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then plummeted in the following year.

Exports by Country

Lithuania (X tons), Estonia (X tons) and Russia (X tons) were the main destinations of pliers and pincers exports from Latvia, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lithuania (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X), Estonia ($X) and Russia ($X) appeared to be the largest markets for pliers and pincers exported from Latvia worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Lithuania, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pliers and pincers export price stood at $X per ton in 2022, declining by X% against the previous year. Overall, the export price continues to indicate a slight slump. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Estonia ($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 Estonia (X%), while the prices for the other major destinations experienced a decline.

Pliers And Pincers Imports

Imports into Latvia

In 2022, after five years of growth, there was significant decline in supplies from abroad of pliers, pincers and tweezers for nonmedical use, when their volume decreased by X% to X tons. Overall, imports, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, pliers and pincers imports reduced to $X in 2022. In general, total imports indicated a strong expansion from 2012 to 2022: its value 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, imports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

Lithuania (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of pliers and pincers imports to Latvia, with a combined X% share of total imports. China, Estonia, the Netherlands and Sweden 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 China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pliers and pincers suppliers to Latvia were Germany ($X), Poland ($X) and China ($X), with a combined X% share of total imports. Lithuania, Estonia, Sweden and the Netherlands lagged somewhat behind, together accounting for a further X%.

The Netherlands, with a CAGR of X%, recorded 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

The average pliers and pincers import price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, import price indicated mild growth 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, pliers and pincers import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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 Sweden ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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