Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Latvia - 2023
Contents:
- Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Latvia (CIF) - 2022
- Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Latvia (FOB) - 2022
- Imports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Latvia
- Exports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Latvia
Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Latvia (CIF) - 2022
In 2022, the average import price for clocks; wall clocks, battery, accumulator or mains powereds amounted to $4.6 per unit, which is down by -14.6% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 26%. The import price peaked at $5.4 per unit in 2021, and then contracted in the following year.
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 China ($7.7 per unit), while the price for Estonia ($2.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Latvia (FOB) - 2022
The average export price for clocks; wall clocks, battery, accumulator or mains powereds stood at $6.8 per unit in 2022, with a decrease of -14.8% against the previous year. In general, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for clocks; wall clocks, battery, accumulator or mains powereds decreased by -34.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 an increase of 113%. As a result, the export price reached the peak level of $10 per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($36 per unit), while the average price for exports to Estonia ($4.9 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 Russia (+6.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Latvia
After three years of growth, purchases abroad of clocks; wall clocks, battery, accumulator or mains powereds decreased by -19.9% to 106K units in 2022. Overall, imports showed a perceptible curtailment. The growth pace was the most rapid in 2021 with an increase of 10% against the previous year. As a result, imports reached the peak of 133K units, and then contracted rapidly in the following year.
In value terms, imports of clocks; wall clocks, battery, accumulator or mains powereds reduced dramatically to $492K in 2022. Over the period under review, total imports indicated a perceptible expansion from 2019 to 2022: its value increased at an average annual rate of +4.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. As a result, imports attained the peak of $719K, and then dropped markedly in the following year.
| Import of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 126 | 188 | 305 | 135 | 2.3% |
| Poland | 57.0 | 76.9 | 88.5 | 102 | 21.4% |
| Germany | 38.0 | 61.2 | 95.1 | 78.2 | 27.2% |
| Lithuania | 20.5 | 20.9 | 28.3 | 34.2 | 18.6% |
| Estonia | 27.1 | 23.6 | 20.1 | 26.9 | -0.2% |
| India | 27.1 | 28.8 | 34.8 | 24.5 | -3.3% |
| Netherlands | 10.2 | 10.1 | 7.0 | 13.6 | 10.1% |
| Denmark | 70.7 | 39.5 | 19.3 | 6.0 | -56.1% |
| Others | 52.9 | 99.1 | 122 | 72.2 | 10.9% |
| Total | 429 | 548 | 719 | 492 | 4.7% |
Top Suppliers of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered to Latvia in 2022:
- Poland (32.7K units)
- China (17.5K units)
- Germany (12.8K units)
- Estonia (11.3K units)
- India (9.9K units)
- Lithuania (7.7K units)
- Netherlands (4.2K units)
- Denmark (1.8K units)
Exports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Latvia
In 2022, exports of clocks; wall clocks, battery, accumulator or mains powereds from Latvia shrank to 28K units, dropping by -11.8% against 2021 figures. Overall, exports continue to indicate a abrupt decline. The smallest decline of -10% was in 2020. Over the period under review, the exports of hit record highs at 40K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of clocks; wall clocks, battery, accumulator or mains powereds shrank significantly to $188K in 2022. Over the period under review, exports continue to indicate a slight decrease. The pace of growth was the most pronounced in 2020 with an increase of 92%. As a result, the exports reached the peak of $373K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 115 | 105 | 109 | 87.1 | -8.8% |
| Estonia | 58.5 | 65.6 | 79.7 | 66.7 | 4.5% |
| Russia | 6.7 | 35.7 | 9.8 | 19.7 | 43.3% |
| Belarus | 13.7 | 9.1 | 0.8 | 0.1 | -80.6% |
| Uzbekistan | N/A | 127 | 0.7 | N/A | -99.4% |
| Others | 0.3 | 30.9 | 49.2 | 14.0 | 260.0% |
| Total | 194 | 373 | 250 | 188 | -1.0% |
Top Export Markets for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered from Latvia in 2022:
- Estonia (13.7K units)
- Lithuania (13.1K units)
- Russia (0.6K units)
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