Latvia - Ultraviolet or Infrared Lamps and Arc Lamps - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLatvia: Market for Ultraviolet Or Infrared Lamps And Arc Lamps 2024
Market Size for Ultraviolet Or Infrared Lamps And Arc Lamps in Latvia
The Latvian market for ultraviolet or infrared lamps and arc lamps skyrocketed to $X in 2022, jumping by X% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.
Production of Ultraviolet Or Infrared Lamps And Arc Lamps in Latvia
In value terms, ultraviolet, infrared, or arc lamp production surged to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Ultraviolet, infrared, or arc lamp production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.
Exports of Ultraviolet Or Infrared Lamps And Arc Lamps
Exports from Latvia
In 2022, shipments abroad of ultraviolet or infrared lamps and arc lamps decreased by X% to X units, falling for the third year in a row after two years of growth. Over the period under review, exports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, ultraviolet, infrared, or arc lamp exports reached $X in 2022. Overall, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.
Exports by Country
Lithuania (X units) was the main destination for ultraviolet, infrared, or arc lamp exports from Latvia, accounting for a X% share of total exports. Moreover, ultraviolet, infrared, or arc lamp exports to Lithuania exceeded the volume sent to the second major destination, Turkey (X units), twofold. The third position in this ranking was taken by Russia (X units), with a X% share.
From 2012 to 2022, the average annual rate of growth in terms of volume to Lithuania totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X.4% per year) and Russia (X% per year).
In value terms, Russia ($X), Lithuania ($X) and Turkey ($X) constituted the largest markets for ultraviolet, infrared, or arc lamp exported from Latvia worldwide, with a combined X% share of total exports.
Turkey, with a CAGR of X.1%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
The average export price for ultraviolet or infrared lamps and arc lamps stood at $X per unit in 2022, surging by X% against the previous year. Overall, the export price recorded a significant expansion. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Belarus ($X 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 Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Ultraviolet Or Infrared Lamps And Arc Lamps
Imports into Latvia
In 2022, after four years of decline, there was significant growth in supplies from abroad of ultraviolet or infrared lamps and arc lamps, when their volume increased by X% to X units. In general, imports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.
In value terms, ultraviolet, infrared, or arc lamp imports shrank slightly to $X in 2022. Overall, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Imports peaked at $X in 2021, and then fell modestly in the following year.
Imports by Country
In 2022, Slovakia (X units) constituted the largest ultraviolet, infrared, or arc lamp supplier to Latvia, accounting for a X% share of total imports. Moreover, ultraviolet, infrared, or arc lamp imports from Slovakia exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was held by Lithuania (X units), with a X% share.
From 2012 to 2022, the average annual growth rate of volume from Slovakia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Lithuania (X% per year).
In value terms, Slovakia ($X) constituted the largest supplier of ultraviolet or infrared lamps and arc lamps to Latvia, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports. It was followed by Lithuania, with an X% share.
From 2012 to 2022, the average annual growth rate of value from Slovakia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Lithuania (X% per year).
Import Prices by Country
In 2022, the average import price for ultraviolet or infrared lamps and arc lamps amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the import price, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The import price peaked at $X per unit in 2021, and then contracted in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for China ($X per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for ultraviolet, infrared, or arc lamp 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 27401570 - Ultraviolet or infrared lamps, arc lamps
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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