Latest Report Update: Dec 27, 2019

Latvia - Ships, Vessels, Ferry-Boats For The Transport Of Persons - Market Analysis, Forecast, Size, Trends and Insights
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Latvia: Shipping Market Overview 2020

Shipping Market Size in Latvia

The revenue of the shipping market in Latvia amounted to $X in 2018, rising by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2010 when the market value increased by X% y-o-y. In that year, the shipping market attained its peak level of $X. From 2011 to 2018, the growth of the shipping market remained at a lower figure.

Shipping Production in Latvia

In value terms, shipping production stood at $X in 2018 estimated in export prices. In general, shipping production, however, continues to indicate a deep drop. The pace of growth was the most pronounced in 2011 when production volume increased by X% year-to-year. Latvia shipping production peaked at $X in 2013; however, from 2014 to 2018, production failed to regain its momentum.

Shipping Exports

Exports from Latvia

In 2018, approx. X tonnes of ships, vessels, ferry-boats for the transport of persons were exported from Latvia; increasing by X% against the previous year. Over the period under review, shipping exports, however, continue to indicate an abrupt descent. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, shipping exports reached their maximum at X tonnes in 2013; however, from 2014 to 2018, exports stood at a somewhat lower figure.

In value terms, shipping exports totaled $X in 2018. Overall, shipping exports, however, continue to indicate a deep curtailment. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. Over the period under review, shipping exports attained their peak figure at $X in 2013; however, from 2014 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, Italy (X tonnes), distantly followed by France (X tonnes), Germany (X tonnes), Finland (X tonnes) and Australia (X tonnes) were the largest exporters of ships, vessels, ferry-boats for the transport of persons, together achieving X% of total exports. Poland (X tonnes), Norway (X tonnes), the Philippines (X tonnes), Bahamas (X tonnes), Japan (X tonnes) and Turkey (X tonnes) occupied a relatively small share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Australia, while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), France ($X) and Germany ($X) appeared to be the countries with the highest levels of exports in 2018, with a combined X% share of total exports.

In terms of the main exporting countries, France experienced the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The shipping export price in Latvia stood at $X per tonne in 2018, lowering by -X% against the previous year. In general, the shipping export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when the export price increased by X% against the previous year. Over the period under review, the export prices for ships, vessels, ferry-boats for the transport of persons reached their maximum at $X per tonne in 2013; however, from 2014 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Germany ($X per tonne), while Japan ($X per tonne) was amongst the lowest.

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

Shipping Imports

Imports into Latvia

In 2018, approx. X kg of ships, vessels, ferry-boats for the transport of persons were imported into Latvia; waning by -X% against the previous year. Overall, shipping imports continue to indicate a dramatic downturn. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. In that year, shipping imports attained their peak of X tonnes. From 2012 to 2018, the growth of shipping imports remained at a somewhat lower figure.

In value terms, shipping imports totaled $X in 2018. Overall, shipping imports continue to indicate a sharp setback. The pace of growth appeared the most rapid in 2016 when imports increased by X% year-to-year. In that year, shipping imports attained their peak of $X. From 2017 to 2018, the growth of shipping imports remained at a lower figure.

Imports by Country

In 2018, the U.S. (X tonnes) represented the largest importer of ships, vessels, ferry-boats for the transport of persons, creating X% of total imports. Italy (X tonnes) held a X% share (based on tonnes) of total imports, which put it in second place, followed by Germany (X%) and Norway (X%). Liberia (X tonnes), France (X tonnes), Bahamas (X tonnes), Switzerland (X tonnes) and Sweden (X tonnes) followed a long way behind the leaders.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, Sweden (+X%), Liberia (+X%), Switzerland (+X%), Germany (+X%) and France (+X%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Italy experienced a relatively flat trend pattern. By contrast, Norway (-X%) and Bahamas (-X%) illustrated a downward trend over the same period. While the share of the U.S. (+X p.p.), Germany (+X p.p.), Liberia (+X p.p.), France (+X p.p.), Sweden (+X p.p.) and Switzerland (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of Norway (-X p.p.) and Bahamas (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported ships, vessels, ferry-boats for the transport of persons into Latvia, comprising X% of global imports. The second position in the ranking was occupied by Italy ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in the U.S. stood at +X%. In the other countries, the average annual rates were as follows: Italy (+X% per year) and Germany (+X% per year).

Import Prices by Country

In 2018, the shipping import price in Latvia amounted to $X per tonne, jumping by X% against the previous year. Over the period under review, the shipping import price continues to indicate a strong expansion. The pace of growth was the most pronounced in 2016 an increase of X% y-o-y. Over the period under review, the import prices for ships, vessels, ferry-boats for the transport of persons reached their maximum in 2018 and is likely to continue its growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was Switzerland ($X per tonne), while Liberia ($X per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform

Product coverage:
• Prodcom 30112130 - Cruise vessels
• Prodcom 30112150 - Ferries

This report provides an in-depth analysis of the shipping 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 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
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 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
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, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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