Latvia - Electronic Machines And Appliances For Testing Metals - Market Analysis, Forecast, Size, Trends And Insights
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View PricingElectronic Metal Tester Price in Latvia - 2023
Contents:
- Electronic Metal Tester Price in Latvia (FOB) - 2022
- Electronic Metal Tester Price in Latvia (CIF) - 2022
- Electronic Metal Tester Exports in Latvia
- Electronic Metal Tester Imports in Latvia
Electronic Metal Tester Price in Latvia (FOB) - 2022
In 2022, the average electronic metal tester export price amounted to $40,492 per unit, jumping by 148% against the previous year. In general, the export price posted a significant expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by 433,675% against the previous year. Over the period under review, the average export prices reached the peak figure 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 Malaysia ($120,077 per unit), while the average price for exports to Germany ($169 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 Estonia (+139.6%), while the prices for the other major destinations experienced mixed trend patterns.
Electronic Metal Tester Price in Latvia (CIF) - 2022
The average electronic metal tester import price stood at $4,985 per unit in 2022, falling by -33.8% against the previous year. Over the period under review, the import price recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 145% against the previous year. The import price peaked at $14,009 per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
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 the United States ($21,320 per unit), while the price for Ukraine ($249 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+20.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Electronic Metal Tester Exports in Latvia
In 2022, exports of electronic machines and appliances for testing metals from Latvia skyrocketed to 14 units, picking up by 600% against 2021 figures. Overall, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, electronic metal tester exports skyrocketed to $567K in 2022. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 51,343% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.
Export of Electronic Metal Tester in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | N/A | N/A | 32.5 | 421 | 1195.4% |
Malaysia | N/A | N/A | N/A | 120 | 0% |
Estonia | N/A | N/A | N/A | 21.7 | 0% |
Ukraine | N/A | N/A | N/A | 2.7 | 0% |
United Kingdom | N/A | N/A | N/A | 1.5 | 0% |
Germany | N/A | 27.4 | N/A | 0.2 | -91.5% |
Lithuania | 0.1 | 0.2 | 0.2 | N/A | 41.4% |
Belarus | N/A | 0.2 | N/A | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 0.1 | 27.8 | 32.6 | 567 | 1683.2% |
Top Export Markets for Electronic Metal Tester from Latvia in 2022:
- Russia (9.0 units)
- Ukraine (1.0 units)
- Estonia (1.0 units)
- United Kingdom (1.0 units)
- Malaysia (1.0 units)
- Germany (1.0 units)
Electronic Metal Tester Imports in Latvia
In 2022, the amount of electronic machines and appliances for testing metals imported into Latvia skyrocketed to 20 units, jumping by 43% on 2021 figures. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +12.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, electronic metal tester imports reduced to $100K in 2022. Over the period under review, imports, however, recorded a dramatic decrease. The most prominent rate of growth was recorded in 2021 with an increase of 17%. Over the period under review, imports attained the peak figure at $196K in 2019; however, from 2020 to 2022, imports failed to regain momentum.
Import of Electronic Metal Tester in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 5.2 | 0.5 | 12.1 | 38.8 | 95.4% |
United States | 12.5 | 1.3 | 38.8 | 21.3 | 19.4% |
United Kingdom | 123 | 8.7 | 13.5 | 12.7 | -53.1% |
Lithuania | 10.4 | 54.4 | 0.1 | 12.4 | 6.0% |
Poland | N/A | 0.2 | N/A | 6.8 | 483.1% |
Switzerland | 8.4 | 6.3 | 7.3 | 2.7 | -31.5% |
Germany | 1.0 | 1.7 | 2.7 | 2.6 | 37.5% |
New Zealand | N/A | N/A | N/A | 1.5 | 0% |
Estonia | N/A | N/A | N/A | 0.6 | 0% |
Ukraine | N/A | N/A | N/A | 0.2 | 0% |
Austria | 0.2 | 0.1 | 0.1 | N/A | -29.3% |
Italy | 32.0 | N/A | 10.5 | N/A | -42.7% |
Netherlands | N/A | N/A | 18.7 | N/A | 0% |
Others | 3.5 | 16.7 | 1.6 | N/A | -32.4% |
Total | 196 | 89.9 | 105 | 99.7 | -20.2% |
Top Suppliers of Electronic Metal Tester to Latvia in 2022:
- China (9.0 units)
- Lithuania (3.0 units)
- Ukraine (1.0 units)
- United States (1.0 units)
- Estonia (1.0 units)
- Poland (1.0 units)
- United Kingdom (1.0 units)
- Germany (1.0 units)
- Switzerland (1.0 units)
- New Zealand (1.0 units)
This report provides an in-depth analysis of the electronic metal tester 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 26516210 - Electronic machines and appliances for testing the mechanical properties of metals (excluding metallographic machines or appliances, instruments for detecting defects)
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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