Price for Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Latvia - 2023

Contents:

1. Price for Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Latvia (CIF) - 2022
2. Price for Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Latvia (FOB) - 2022
3. Imports of Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Latvia
4. Exports of Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Latvia

Price for Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Latvia (CIF) - 2022

In 2022, the average import price for harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses amounted to $883 per unit, approximately mirroring the previous year. Overall, the import price saw a mild shrinkage. The most prominent rate of growth was recorded in 2015 an increase of 68%. As a result, import price attained the peak level of $1,375 per unit. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

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 Poland ($1,967 per unit), while the price for China ($113 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Latvia (FOB) - 2022

The average export price for harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses stood at $187 per unit in 2022, declining by -16.7% against the previous year. In general, the export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2016 an increase of 63%. Over the period under review, the average export prices attained the peak figure at $427 per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($287 per unit), while the average price for exports to Lithuania totaled $134 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+3.5%), while the prices for the other major destinations experienced a decline.

Imports of Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Latvia

For the fourth consecutive year, Latvia recorded growth in supplies from abroad of harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses, which increased by 74% to 17K units in 2022. In general, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses surged to $15M in 2022. Over the period under review, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes to Latvia in 2022:

1. China (7.1K units)
2. Czech Republic (2.7K units)
3. Germany (2.0K units)
4. Lithuania (1.9K units)
5. Sweden (1.8K units)
6. Poland (1.0K units)
7. Italy (0.5K units)
8. Estonia (0.3K units)

Exports of Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Latvia

In 2022, the amount of harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses exported from Latvia shrank significantly to 2.4K units, waning by -41.4% compared with 2021. Overall, exports saw a pronounced setback. The most prominent rate of growth was recorded in 2021 when exports increased by 104% against the previous year. As a result, the exports reached the peak of 4.1K units, and then reduced dramatically in the following year.

In value terms, exports of harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses dropped remarkably to $445K in 2022. Over the period under review, exports recorded a sharp slump. The most prominent rate of growth was recorded in 2021 with an increase of 7%. Over the period under review, the exports of hit record highs at $925K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes from Latvia in 2022:

1. Lithuania (2073.0 units)
2. Estonia (271.0 units)

Source: IndexBox Market Intelligence Platform