Latvia - Planing, Milling Or Moulding Machines - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWood Milling Machine Price in Latvia - 2023
Contents:
- Wood Milling Machine Price in Latvia (CIF) - 2022
- Wood Milling Machine Price in Latvia (FOB) - 2023
- Wood Milling Machine Imports in Latvia
- Wood Milling Machine Exports in Latvia
Wood Milling Machine Price in Latvia (CIF) - 2022
In 2022, the average wood milling machine import price amounted to $4,817 per unit, growing by 26% against the previous year. In general, the import price posted a strong increase. The pace of growth was the most pronounced in 2013 an increase of 90%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.
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 Italy ($13,859 per unit), while the price for Lithuania ($753 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+923.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Wood Milling Machine Price in Latvia (FOB) - 2023
The average wood milling machine export price stood at $3,041 per unit in November 2023, picking up by 776% against the previous month. Over the period under review, the export price recorded a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Bulgaria ($8,173 per unit), while the average price for exports to Lithuania ($368 per unit) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+3.6%), while the prices for the other major destinations experienced mixed trend patterns.
Wood Milling Machine Imports in Latvia
Wood milling machine imports into Latvia reduced dramatically to 483 units in 2022, dropping by -40.3% compared with 2021 figures. Overall, imports showed a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 52% against the previous year. As a result, imports reached the peak of 809 units, and then dropped significantly in the following year.
In value terms, wood milling machine imports reduced remarkably to $2.3M in 2022. Over the period under review, imports recorded a noticeable decline. The most prominent rate of growth was recorded in 2021 when imports increased by 83% against the previous year. As a result, imports attained the peak of $3.1M, and then declined dramatically in the following year.
Import of Wood Milling Machine in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 596 | 245 | 86.7 | 807 | 10.6% |
China | 152 | 330 | 422 | 242 | 16.8% |
Italy | 38.9 | 101 | 7.9 | 222 | 78.7% |
Estonia | 85.9 | 238 | 306 | 201 | 32.8% |
Poland | 146 | 69.2 | 130 | 167 | 4.6% |
Czech Republic | 11.8 | 34.1 | 306 | 104 | 106.6% |
Lithuania | 12.5 | 17.8 | 136 | 18.1 | 13.1% |
Belarus | 34.7 | 1.0 | 23.4 | N/A | -17.9% |
Others | 1,439 | 653 | 1,666 | 566 | -26.7% |
Total | 2,516 | 1,688 | 3,085 | 2,327 | -2.6% |
Top Suppliers of Wood Milling Machine to Latvia in 2022:
- Estonia (160.0 units)
- Germany (120.0 units)
- Poland (92.0 units)
- China (25.0 units)
- Lithuania (24.0 units)
- Czech Republic (19.0 units)
- Italy (16.0 units)
Wood Milling Machine Exports in Latvia
For the fourth consecutive year, Latvia recorded growth in shipments abroad of planing, milling or moulding machines, which increased by 5.7% to 664 units in 2022. Over the period under review, exports posted a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 239%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, wood milling machine exports skyrocketed to $1.9M in 2022. In general, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 179%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
Export of Wood Milling Machine in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 124 | 627 | 782 | 1,308 | 119.3% |
Estonia | 8.4 | 22.9 | 252 | 192 | 183.8% |
Lithuania | 32.5 | 35.9 | 178 | 57.3 | 20.8% |
Others | 130 | 139 | 49.7 | 336 | 37.2% |
Total | 295 | 824 | 1,262 | 1,894 | 85.9% |
Top Export Markets for Wood Milling Machine from Latvia in 2022:
- Russia (443.0 units)
- Estonia (173.0 units)
- Lithuania (37.0 units)
This report provides an in-depth analysis of the wood milling machine 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 2030.
Product coverage:
- Prodcom 28491250 - Planing, milling or moulding (by cutting) machines for working wood, cork, bone, hard rubber, hard plastics or similar hard materials
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
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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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