Price for Compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion in Latvia - 2023

Contents:

1. Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Latvia (CIF) - 2022
2. Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Latvia (FOB) - 2022
3. Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Latvia
4. Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Latvia

Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Latvia (CIF) - 2022

In 2022, the average import price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion amounted to $22,606 per unit, standing approx. at the previous year. In general, the import price, however, recorded a pronounced reduction. The pace of growth appeared the most rapid in 2018 an increase of 105% against the previous year. The import price peaked at $68,065 per unit in 2014; however, from 2015 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 Estonia ($66,535 per unit), while the price for Germany ($10,810 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+279.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Latvia (FOB) - 2022

In 2022, the average export price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion amounted to $22,794 per unit, with a decrease of -60% against the previous year. Overall, the export price, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2013 an increase of 1,132% against the previous year. As a result, the export price reached the peak level of $91,248 per unit. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($36,536 per unit), while the average price for exports to Morocco totaled $9,052 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+2,163.1%).

Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Latvia

In 2022, overseas purchases of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion decreased by -34.2% to 48 units, falling for the second consecutive year after two years of growth. Overall, imports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 97% against the previous year. As a result, imports attained the peak of 169 units. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion reduced dramatically to $1.1M in 2022. Over the period under review, imports continue to indicate a deep setback. The growth pace was the most rapid in 2020 with an increase of 53%. As a result, imports attained the peak of $2.5M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion to Latvia in 2022:

1. Germany (32.0 units)
2. Sweden (11.0 units)
3. Estonia (3.0 units)
4. Poland (1.0 units)
5. Finland (1.0 units)

Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Latvia

In 2022, exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion from Latvia dropped significantly to 2 units, reducing by -83.3% against 2021 figures. In general, exports recorded a dramatic decline. The smallest decline of -7.7% was in 2021. The exports peaked at 15 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion shrank significantly to $46K in 2022. Over the period under review, exports continue to indicate a significant decline. The most prominent rate of growth was recorded in 2021 when exports increased by 113%. The exports peaked at $688K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion from Latvia in 2022:

1. Slovenia (1.0 units)
2. Morocco (1.0 units)

Source: IndexBox Market Intelligence Platform