Report Update: May 1, 2024

Latvia - Electromagnets And Electromagnetic Lifting Heads - Market Analysis, Forecast, Size, Trends And Insights

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Electromagnetic Lifting Head Price in Latvia - 2023

Electromagnetic Lifting Head Price in Latvia (CIF) - 2022

In 2022, the average electromagnetic lifting head import price amounted to $20,957 per ton, waning by -10.6% against the previous year. Overall, the import price continues to indicate a mild contraction. The growth pace was the most rapid in 2015 an increase of 85% against the previous year. As a result, import price reached the peak level of $36,421 per ton. From 2016 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($48,998 per ton), while the price for Bulgaria ($8,317 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+13.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Electromagnetic Lifting Head Price in Latvia (FOB) - 2022

In 2022, the average electromagnetic lifting head export price amounted to $56,429 per ton, falling by -15.1% against the previous year. In general, the export price, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2016 an increase of 71%. Over the period under review, the average export prices reached the maximum at $66,491 per ton in 2021, and then reduced sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($111,072 per ton), while the average price for exports to Estonia ($37,757 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+22.6%), while the prices for the other major destinations experienced more modest paces of growth.

Electromagnetic Lifting Head Imports in Latvia

In 2022, electromagnetic lifting head imports into Latvia rose modestly to 50 tons, surging by 2.8% against the year before. Overall, imports, however, recorded a noticeable decrease. The growth pace was the most rapid in 2021 with an increase of 50%.

In value terms, electromagnetic lifting head imports fell to $1M in 2022. Over the period under review, imports, however, continue to indicate a noticeable slump. The growth pace was the most rapid in 2021 when imports increased by 56%. As a result, imports reached the peak of $1.1M, and then declined in the following year.

Import of Electromagnetic Lifting Head in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Lithuania	61.7	33.8	125	329	74.7%
China	78.4	30.6	123	152	24.7%
Germany	193	80.2	138	146	-8.9%
Poland	164	112	317	119	-10.1%
Italy	13.1	26.5	19.9	48.9	55.1%
Sweden	113	46.3	45.4	40.8	-28.8%
Bulgaria	N/A	N/A	N/A	16.4	0%
Russia	152	29.0	15.4	1.5	-78.6%
Others	338	366	346	186	-18.1%
Total	1,113	724	1,129	1,039	-2.3%

Top Suppliers of Electromagnetic Lifting Head to Latvia in 2022:

Lithuania (27.6 tons)
Poland (7.0 tons)
Germany (3.9 tons)
China (3.1 tons)
Italy (2.6 tons)
Bulgaria (2.0 tons)
Sweden (0.9 tons)

Electromagnetic Lifting Head Exports in Latvia

In 2022, approx. 12 tons of electromagnets and electromagnetic lifting heads were exported from Latvia; with a decrease of -50.3% compared with the previous year's figure. In general, exports showed a abrupt descent. The pace of growth was the most pronounced in 2021 when exports increased by 21%. As a result, the exports reached the peak of 25 tons, and then contracted markedly in the following year.

In value terms, electromagnetic lifting head exports declined sharply to $696K in 2022. Over the period under review, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 43%.

Export of Electromagnetic Lifting Head in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	0.4	40.8	142	243	746.9%
Russia	57.3	58.5	169	159	40.5%
Sweden	661	944	981	82.0	-50.1%
Estonia	72.9	79.0	108	45.6	-14.5%
Czech Republic	N/A	47.4	164	41.1	-6.9%
Lithuania	18.1	21.9	14.9	31.9	20.8%
Finland	1.5	7.4	18.4	29.9	171.1%
United States	51.1	32.4	N/A	N/A	-36.6%
Others	25.5	34.0	52.4	63.9	35.8%
Total	887	1,265	1,650	696	-7.8%

Top Export Markets for Electromagnetic Lifting Head from Latvia in 2022:

Germany (4.8 tons)
Russia (2.6 tons)
Estonia (1.2 tons)
Czech Republic (0.7 tons)
Sweden (0.7 tons)
Lithuania (0.6 tons)
Finland (0.5 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the electromagnetic lifting head 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 27904060 - Electromagnets and electromagnetic lifting heads, and their parts (excluding magnets for medical use), electromagnetic or permanent magnet chucks, clamps and similar holding devices and their parts, n.e.c.
Prodcom 27904560 -

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