Latvia: Telephone Apparatus Market 2024

Telephone Apparatus Market Size in Latvia

The Latvian telephone apparatus market contracted dramatically to $X in 2022, waning by X% against the previous year. In general, consumption, however, posted a buoyant expansion. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Telephone Apparatus Production in Latvia

In value terms, telephone apparatus production fell remarkably to $X in 2022 estimated in export price. Overall, production recorded a abrupt shrinkage. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Telephone Apparatus Exports

Exports from Latvia

In 2022, overseas shipments of telephone apparatus decreased by X% to X units, falling for the second year in a row after four years of growth. In general, total exports indicated resilient growth from 2012 to 2022: its volume 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, exports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, telephone apparatus exports contracted to $X in 2022. Over the period under review, total exports 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, exports decreased by X% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Lithuania (X units), Estonia (X units) and the United States (X units) were the main destinations of telephone apparatus exports from Latvia, with a combined X% share of total exports. Poland, the Czech Republic, the United Arab Emirates, Germany, South Africa, Kazakhstan, Paraguay, Indonesia, Hong Kong SAR and Italy lagged somewhat behind, together accounting for a further X%.

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

In value terms, Lithuania ($X), Estonia ($X) and the United States ($X) were the largest markets for telephone apparatus exported from Latvia worldwide, with a combined X% share of total exports. Poland, the Czech Republic, Germany, the United Arab Emirates, South Africa, Hong Kong SAR, Paraguay, Kazakhstan, Italy and Indonesia lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Indonesia, with a CAGR of X%, saw the highest rates of growth with regard to 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 telephone apparatus export price stood at $X per unit in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 ($X per unit), while the average price for exports to the Czech Republic ($X per unit) was amongst the lowest.

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

Telephone Apparatus Imports

Imports into Latvia

In 2022, purchases abroad of telephone apparatus decreased by X% to X units, falling for the second year in a row after two years of growth. Over the period under review, imports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, telephone apparatus imports rose to $X in 2022. In general, total imports indicated buoyant growth 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 decreased by X% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Vietnam (X units) and Lithuania (X units) were the main suppliers of telephone apparatus imports to Latvia, with a combined X% share of total imports. Poland, the United States, the Czech Republic and the Netherlands 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 the United States (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest telephone apparatus suppliers to Latvia were Vietnam ($X), Lithuania ($X) and China ($X), with a combined X% share of total imports. Poland, the United States, the Czech Republic and the Netherlands lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, the United States, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average telephone apparatus import price amounted to $X per unit, increasing by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 Lithuania ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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