Report Update: May 1, 2024

Latvia - Insulating Fittings For Electrical Purposes Of Ceramics - Market Analysis, Forecast, Size, Trends And Insights

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Ceramic Insulating Fittings Price in Latvia - 2023

Ceramic Insulating Fittings Price in Latvia (CIF) - 2022

The average ceramic insulating fittings import price stood at $0.2 per unit in 2022, with an increase of 3.5% against the previous year. In general, the import price showed a perceptible increase. The pace of growth was the most pronounced in 2018 an increase of 106% against the previous year. The import price peaked at $0.2 per unit in 2020; however, from 2021 to 2022, import prices stood 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 Austria ($0.4 per unit), while the price for Poland ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+11.3%), while the prices for the other major suppliers experienced a decline.

Ceramic Insulating Fittings Price in Latvia (FOB) - 2022

In 2022, the average ceramic insulating fittings export price amounted to $0.6 per unit, jumping by 54% against the previous year. Over the period under review, the export price saw a significant increase. The most prominent rate of growth was recorded in 2015 an increase of 199%. The export price peaked at $0.6 per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($2.6 per unit), while the average price for exports to Lithuania totaled $0.5 per unit.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+35.5%).

Ceramic Insulating Fittings Imports in Latvia

In 2022, supplies from abroad of insulating fittings for electrical purposes of ceramics was finally on the rise to reach 906K units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a abrupt shrinkage. Imports peaked at 1.2M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, ceramic insulating fittings imports skyrocketed to $191K in 2022. In general, imports, however, showed a abrupt curtailment. Imports peaked at $251K in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Import of Ceramic Insulating Fittings in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Estonia	141	194	130	142	0.2%
Poland	24.3	N/A	11.0	28.4	5.3%
Austria	5.2	10.3	10.2	14.6	41.1%
Lithuania	3.7	0.7	0.2	0.2	-62.2%
Slovakia	16.2	41.0	N/A	N/A	153.1%
Others	42.9	5.4	10.2	6.6	-46.4%
Total	233	251	162	191	-6.4%

Top Suppliers of Ceramic Insulating Fittings to Latvia in 2022:

Estonia (508.2K units)
Poland (345.5K units)
Austria (40.7K units)
Lithuania (2.1K units)

Ceramic Insulating Fittings Exports in Latvia

In 2022, approx. 1.6K units of insulating fittings for electrical purposes of ceramics were exported from Latvia; with an increase of 1,758% against 2021 figures. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 48,729% against the previous year. As a result, the exports attained the peak of 17K units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, ceramic insulating fittings exports surged to $975 in 2022. Overall, exports saw a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 63,135% against the previous year. As a result, the exports reached the peak of $11K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Ceramic Insulating Fittings in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Lithuania	N/A	N/A	N/A	0.7	0%
Poland	N/A	N/A	N/A	0.1	0%
Russia	N/A	1.2	N/A	N/A	0%
Estonia	N/A	9.5	N/A	N/A	0%
Others	N/A	N/A	N/A	0.1	0%
Total	N/A	10.8	N/A	1.0	-69.6%

Top Export Markets for Ceramic Insulating Fittings from Latvia in 2022:

Lithuania (1540.0 units)
Poland (53.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the ceramic insulating fittings 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 23431050 - Insulating fittings for electrical purposes, of ceramics

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