Report Update May 1, 2024

Latvia - Machinery for the Preparation or Making Up of Tobacco - Market Analysis, Forecast, Size, Trends and Insights

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Latvia: Tobacco Making Machinery Market 2024

Tobacco Making Machinery Market Size in Latvia

The Latvian tobacco making machinery market was estimated at $X in 2022, increasing by X% against the previous year. Over the period under review, consumption continues to indicate a temperate increase. Over the period under review, the market hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Tobacco Making Machinery Production in Latvia

In value terms, tobacco making machinery production reduced to $X in 2022 estimated in export price. In general, production continues to indicate a pronounced downturn. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Tobacco making machinery production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Tobacco Making Machinery Exports

Exports from Latvia

Tobacco making machinery exports from Latvia totaled X units in 2022, remaining constant against 2021. Overall, exports showed a prominent increase. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, tobacco making machinery exports amounted to $X in 2022. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands (X units) was the main destination for tobacco making machinery exports from Latvia, with a approx. X% share of total exports.

From 2015 to 2022, the average annual growth rate of volume to the Netherlands amounted to X%.

From 2015 to 2022, the average annual growth rate of value to the Netherlands amounted to X%.

Export Prices by Country

In 2022, the average tobacco making machinery export price amounted to $X per unit, leveling off at the previous year. Overall, the export price posted a significant expansion. The pace of growth was the most pronounced in 2016 an increase of X%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2015 to 2022, the rate of growth in terms of prices for Lithuania amounted to X% per year.

Tobacco Making Machinery Imports

Imports into Latvia

In 2022, tobacco making machinery imports into Latvia skyrocketed to X units, jumping by X% on the year before. In general, imports recorded a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, tobacco making machinery imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Bulgaria (X units) constituted the largest supplier of tobacco making machinery to Latvia, accounting for a X% share of total imports. Moreover, tobacco making machinery imports from Bulgaria exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was taken by Poland (X units), with a X% share.

From 2019 to 2022, the average annual growth rate of volume from Bulgaria was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Poland (X% per year).

In value terms, Bulgaria ($X), Germany ($X) and Poland ($X) constituted the largest tobacco making machinery suppliers to Latvia, with a combined X% share of total imports. The United States, France, Austria, the UK and Switzerland lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, the United States, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average tobacco making machinery import price stood at $X per unit in 2022, which is down by X% against the previous year. In general, the import price saw a deep setback. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2019 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for machinery for the preparation or making up of tobacco in the world?

The United States constituted the country with the largest volume of tobacco making machinery consumption, accounting for 55% of total volume. Moreover, tobacco making machinery consumption in the United States exceeded the figures recorded by the second-largest consumer, China, threefold. Switzerland ranked third in terms of total consumption with a 5.4% share.

What are the largest producers of machinery for the preparation or making up of tobacco in the world?

China remains the largest tobacco making machinery producing country worldwide, accounting for 83% of total volume. Moreover, tobacco making machinery production in China exceeded the figures recorded by the second-largest producer, Togo, more than tenfold. Italy ranked third in terms of total production with a 2.5% share.

What are the leading suppliers of machinery for the preparation or making up of tobacco to Latvia?

In value terms, Bulgaria, Germany and Poland appeared to be the largest tobacco making machinery suppliers to Latvia, with a combined 96% share of total imports. The United States, France, Austria, the UK and Switzerland lagged somewhat behind, together accounting for a further 4.4%.

What is the average export price for machinery for the preparation or making up of tobacco in Latvia?

In 2022, the average tobacco making machinery export price amounted to $8,805 per unit, flattening at the previous year.

What is the average import price for machinery for the preparation or making up of tobacco in Latvia?

In 2022, the average tobacco making machinery import price amounted to $5,676 per unit, which is down by -20.5% against the previous year.

This report provides an in-depth analysis of the tobacco making machinery 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 28931900 - Machinery for the preparation or making up of tobacco

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023