Feb 1, 2019

Latvia - Trucks - Market Analysis, Forecast, Size, Trends and Insights

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Latvia: Truck Market Overview 2019

Truck Market Size in Latvia

The revenue of the truck market in Latvia amounted to $X in 2018, lowering by -X% against the previous year. In general, truck consumption continues to indicate an abrupt shrinkage. The most prominent rate of growth was recorded in 2011, when the market value increased by X% year-to-year. Latvia truck consumption peaked at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Truck Production in Latvia

In value terms, truck production amounted to $X in 2018 estimated in export prices. In general, truck production continues to indicate a relatively flat trend pattern.

Truck Exports

Exports from Latvia

In 2018, approx. X units of trucks were exported from Latvia; increasing by X% against the previous year. In general, truck exports continue to indicate a measured increase. The most prominent rate of growth was recorded in 2018, when exports increased by X% y-o-y. In that year, truck exports reached their peak , and are likely to continue its growth in the immediate term.

In value terms, truck exports totaled $X in 2018. Overall, truck exports continue to indicate a moderate growth. The most prominent rate of growth was recorded in 2014, with an increase of X% year-to-year. In that year, truck exports reached their peak of $X. From 2015 to 2018, the growth of truck exports failed to regain its momentum.

Exports by Country

In 2018, Thailand (X units) represented the key exporter for trucks, comprising X% of total exports. It was distantly followed by Mexico (X units), the U.S. (X units) and Germany (X units), together generating X% share of total exports. The following exporters - France (X units), Turkey (X units), Italy (X units), Spain (X units), Japan (X units), South Africa (X units), Belgium (X units) and Argentina (X units) - together made up X% of total exports.

Thailand was also the fastest growing in terms of the trucks exports, with a CAGR of +X% from 2007 to 2018. At the same time, Argentina (+X%), South Africa (+X%), Belgium (+X%), Turkey (+X%) and France (+X%) displayed positive paces of growth. The U.S. experienced a relatively flat trend pattern. By contrast, Mexico (-X%), Spain (-X%), Italy (-X%), Germany (-X%) and Japan (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Mexico, Germany and Japan increased by X%, X% and X% percentage points, while Thailand (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X), the U.S. ($X) and Germany ($X) constituted the countries with the highest levels of exports in 2018, with a combined X% share of total exports. Thailand, France, Spain, Italy, Japan, Turkey, Belgium, Argentina, South Africa and Latvia lagged somewhat behind, together accounting for a further X terms of the main exporting countries, South Africa recorded the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The truck export price in Latvia stood at $X thousand per unit in 2018, waning by -X% against the previous year. Overall, the truck export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011, when the export price increased by X% against the previous year. Latvia export price peaked at $X thousand per unit in 2017, and then declined slightly in the following year.

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

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

Truck Imports

Imports into Latvia

In 2018, imports of trucks into Latvia totaled X units, growing by X% against the previous year. Overall, truck imports, however, continue to indicate a drastic decline. The pace of growth was the most pronounced in 2011, when imports increased by X% against the previous year. Latvia imports peaked at X units in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, truck imports totaled $X in 2018. Overall, truck imports, however, continue to indicate a drastic curtailment. The growth pace was the most rapid in 2011, when imports increased by X% y-o-y. Over the period under review, truck imports attained their peak figure at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

The Philippines represented the largest importer of trucks in the world, with the volume of imports recording X units, which was approx. X% of total imports in 2018. The U.S. (X units) held the second position in the ranking, distantly followed by Canada (X units). All these countries together held near X% share of total imports. The following importers - the UK (X units), Germany (X units), Australia (X units) and France (X units) - each reached a X% share of total imports.

The Philippines was also the fastest growing in terms of the trucks imports, with a CAGR of +X% from 2007 to 2018. At the same time, Canada (+X%), Australia (+X%) and the U.S. (+X%) displayed positive paces of growth. Germany experienced a relatively flat trend pattern. By contrast, the UK (-X%) and France (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Canada, the U.S. and the Philippines decreased by -X%, -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest truck importing markets into Latvia were the U.S. ($X), Canada ($X) and the UK ($X), together comprising X% of total imports. These countries were followed by Germany, France, Australia, the Philippines and Latvia, which together accounted for a further X Philippines recorded the highest growth rate of imports, in terms of the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the truck import price in Latvia amounted to $X thousand per unit, waning by -X% against the previous year. Over the period under review, the import price indicated a moderate expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, the truck import price increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2014, when the import price increased by X% y-o-y. Latvia import price peaked at $X thousand per unit in 2017, and then declined slightly in the following year.

Import prices varied noticeably by the country of destination; the country with the highest import price was the UK ($X thousand per unit), while the Philippines ($X thousand per unit) was amongst the lowest.

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

Source: IndexBox AI Platform

Product coverage:
• Prodcom 29104110 - Goods vehicles with a diesel or semi-diesel engine, of a gross vehicle weight . 5 tonnes (excluding dumpers for off-highway use)
• Prodcom 29104130 - Goods vehicles with a diesel or semi-diesel engine, of a gross vehicle weight > 5 tonnes but . .20 tonnes (including vans) (excluding dumpers for off-highway use, tractors)
• Prodcom 29104140 - Goods vehicles with compression-ignition internal combustion piston engine (diesel or semi-diesel), of a gross vehicle weight > .20 tonnes (excluding dumpers designed for offhighway use)
• Prodcom 29104200 - Goods vehicles, with spark-ignition internal combustion piston engine, other goods vehicles, new

This report provides an in-depth analysis of the truck 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 2025.


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 2025
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 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2018
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 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption In 2007–2018
Table 5:
Imports, In Physical Terms, By Country, 2007–2018
Table 6:
Imports, In Value Terms, By Country, 2007–2018
Table 7:
Import Prices, By Country Of Origin, 2007–2018
Table 8:
Exports, In Physical Terms, By Country, 2007–2018
Table 9:
Exports, In Value Terms, By Country, 2007–2018
Table 10:
Export Prices, By Country Of Destination, 2007–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2018
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2018
Figure 5:
Trade Balance, In Physical Terms, 2007–2018
Figure 6:
Trade Balance, In Value Terms, 2007–2018
Figure 7:
Per Capita Consumption, 2007–2018
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, 2007–2018
Figure 21:
Production, In Value Terms, 2007–2018
Figure 22:
Imports, In Physical Terms, 2007–2018
Figure 23:
Imports, In Value Terms, 2007–2018
Figure 24:
Imports, In Physical Terms, By Country, 2018
Figure 25:
Imports, In Physical Terms, By Country, 2007–2018
Figure 26:
Imports, In Value Terms, By Country, 2007–2018
Figure 27:
Import Prices, By Country Of Origin, 2007–2018
Figure 28:
Exports, In Physical Terms, 2007–2018
Figure 29:
Exports, In Value Terms, 2007–2018
Figure 30:
Exports, In Physical Terms, By Country, 2018
Figure 31:
Exports, In Physical Terms, By Country, 2007–2018
Figure 32:
Exports, In Value Terms, By Country, 2007–2018
Figure 33:
Export Prices, By Country Of Destination, 2007–2018
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