Latvia - Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Central Heating Boilers, for Producing Hot Water or Low Pressure Steam in Latvia - 2023
Contents:
- Price for Central Heating Boilers, for Producing Hot Water or Low Pressure Steam in Latvia (CIF) - 2023
- Price for Central Heating Boilers, for Producing Hot Water or Low Pressure Steam in Latvia (FOB) - 2023
- Imports of Central Heating Boilers, for Producing Hot Water or Low Pressure Steam in Latvia
- Exports of Central Heating Boilers, for Producing Hot Water or Low Pressure Steam in Latvia
Price for Central Heating Boilers, for Producing Hot Water or Low Pressure Steam in Latvia (CIF) - 2023
The average import price for central heating boilers, for producing hot water or low pressure steam stood at $737 per unit in October 2023, jumping by 58% against the previous month. Over the period under review, import price indicated a buoyant expansion from October 2022 to October 2023: its price increased at an average monthly rate of +5.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for central heating boilers, for producing hot water or low pressure steam increased by +80.0% against August 2023 indices. The pace of growth appeared the most rapid in March 2023 an increase of 77% m-o-m. As a result, import price reached the peak level of $745 per unit. From April 2023 to October 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the Netherlands ($1,180 per unit), while the price for Bosnia and Herzegovina ($314 per unit) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Austria (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Central Heating Boilers, for Producing Hot Water or Low Pressure Steam in Latvia (FOB) - 2023
In October 2023, the average export price for central heating boilers, for producing hot water or low pressure steam amounted to $611 per unit, waning by -12.7% against the previous month. In general, export price indicated a perceptible increase from October 2022 to October 2023: its price increased at an average monthly rate of +3.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for central heating boilers, for producing hot water or low pressure steam decreased by -17.2% against August 2023 indices. The growth pace was the most rapid in November 2022 when the average export price increased by 79% against the previous month. Over the period under review, the average export prices hit record highs at $844 per unit in April 2023; however, from May 2023 to October 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In October 2023, the country with the highest price was Estonia ($853 per unit), while the average price for exports to Lithuania amounted to $555 per unit.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Central Heating Boilers, for Producing Hot Water or Low Pressure Steam in Latvia
For the fourth year in a row, Latvia recorded growth in purchases abroad of central heating boilers, for producing hot water or low pressure steam, which increased by 332% to 59K units in 2022. Overall, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of central heating boilers, for producing hot water or low pressure steam rose sharply to $24M in 2022. The total import value increased at an average annual rate of +9.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 15% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Central Heating Boilers, for Producing Hot Water or Low Pressure Steam in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 6.6 | 5.4 | 5.4 | 4.8 | -10.1% |
| Austria | 0.4 | 3.5 | 0.3 | 4.1 | 117.2% |
| Czech Republic | 0.9 | 0.4 | 1.7 | 3.0 | 49.4% |
| Germany | 2.9 | 3.6 | 5.8 | 2.8 | -1.2% |
| Poland | 1.4 | 1.2 | 1.3 | 2.2 | 16.3% |
| Italy | 0.5 | 0.7 | 0.5 | 1.2 | 33.9% |
| Serbia | 0.4 | 0.5 | 0.8 | 1.2 | 44.2% |
| Bosnia and Herzegovina | 0.4 | 0.5 | 0.7 | 1.2 | 44.2% |
| Lithuania | 2.6 | 0.5 | 0.6 | 0.5 | -42.3% |
| Russia | 0.3 | 0.3 | 0.4 | 0.3 | 0.0% |
| Others | 2.1 | 2.1 | 3.9 | 3.0 | 12.6% |
| Total | 18.4 | 18.5 | 21.4 | 24.3 | 9.7% |
Top Suppliers of Central Heating Boilers, for Producing Hot Water or Low Pressure Steam to Latvia in 2022:
- Austria (10.9K units)
- Turkey (9.4K units)
- Poland (7.4K units)
- Bosnia and Herzegovina (4.8K units)
- Germany (4.7K units)
- Serbia (3.8K units)
- Czech Republic (3.4K units)
- Italy (2.7K units)
- Russia (2.3K units)
- Lithuania (1.7K units)
Exports of Central Heating Boilers, for Producing Hot Water or Low Pressure Steam in Latvia
For the fourth consecutive year, Latvia recorded growth in overseas shipments of central heating boilers, for producing hot water or low pressure steam, which increased by 4.5% to 24K units in 2022. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 137% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of central heating boilers, for producing hot water or low pressure steam declined to $13M in 2022. The total export value increased at an average annual rate of +4.7% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 23%. As a result, the exports attained the peak of $14M, and then shrank in the following year.
| Export of Central Heating Boilers, for Producing Hot Water or Low Pressure Steam in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 0.9 | 1.1 | 2.1 | 5.1 | 78.3% |
| Lithuania | 4.6 | 4.3 | 5.1 | 3.3 | -10.5% |
| Belarus | 2.9 | 3.0 | 2.4 | 2.7 | -2.4% |
| Estonia | 0.9 | 1.0 | 1.2 | 1.0 | 3.6% |
| Austria | N/A | N/A | 0.2 | 0.2 | 0.0% |
| Thailand | N/A | N/A | 0.7 | 0.1 | -85.7% |
| Tajikistan | 0.9 | 0.1 | 0.3 | N/A | -42.3% |
| Japan | N/A | 0.8 | 1.1 | N/A | 37.5% |
| Uzbekistan | 0.5 | 0.6 | 0.2 | N/A | -36.8% |
| Others | 0.2 | 0.2 | 0.5 | 0.4 | 26.0% |
| Total | 11.0 | 11.1 | 13.7 | 12.7 | 4.9% |
Top Export Markets for Central Heating Boilers, for Producing Hot Water or Low Pressure Steam from Latvia in 2022:
- Russia (10.8K units)
- Lithuania (5.8K units)
- Belarus (4.1K units)
- Estonia (1.6K units)
- Austria (0.8K units)
- Thailand (0.2K units)
- Japan (0.1K units)
This report provides an in-depth analysis of the market for central heating boilers, for producing hot water or low pressure steam 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 25211200 - Boilers for central heating other than those of HS
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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