Report Update: May 1, 2024

Latvia - Numerically Controlled Sharpening Machines For Working Metal - Market Analysis, Forecast, Size, Trends And Insights

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Price for Numerically Controlled Sharpening Machine in Latvia - 2023

Price for Numerically Controlled Sharpening Machine in Latvia (CIF) - 2022

In 2022, the average numerically controlled sharpening machine import price amounted to $90,568 per unit, with an increase of 50% against the previous year. Over the period under review, the import price showed a buoyant increase. The pace of growth was the most pronounced in 2014 when the average import price increased by 673%. As a result, import price attained the peak level of $161,939 per unit. From 2015 to 2022, the average import prices remained 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 Switzerland ($195,671 per unit), while the price for the Czech Republic ($10,200 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+111.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Numerically Controlled Sharpening Machine in Latvia (FOB) - 2022

In 2022, the average numerically controlled sharpening machine export price amounted to $7,771 per unit, waning by -45% against the previous year. Over the period under review, the export price, however, continues to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 an increase of 1,895% against the previous year. As a result, the export price attained the peak level of $14,126 per unit, and then contracted remarkably in the following year.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2020 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +8,715.3% per year.

Imports of Numerically Controlled Sharpening Machine in Latvia

In 2022, the amount of numerically controlled sharpening machines for working metal imported into Latvia soared to 11 units, increasing by 267% against the previous year's figure. Over the period under review, imports saw a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 600%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, numerically controlled sharpening machine imports soared to $996K in 2022. In general, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 546%. Imports peaked in 2022 and are likely to continue growth in the near future.

Import of Numerically Controlled Sharpening Machine in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Switzerland	N/A	N/A	N/A	391	0%
Germany	70.0	409	N/A	227	48.0%
Poland	N/A	N/A	N/A	182	0%
Italy	N/A	42.9	59.1	101	53.4%
Taiwan (Chinese)	N/A	N/A	N/A	84.5	0%
Czech Republic	N/A	N/A	N/A	10.2	0%
Lithuania	N/A	N/A	121	N/A	0%
Others	N/A	N/A	N/A	N/A	0%
Total	70.0	452	181	996	142.3%

Top Suppliers of Numerically Controlled Sharpening Machine to Latvia in 2022:

Germany (4.0 units)
Italy (2.0 units)
Switzerland (2.0 units)
Czech Republic (1.0 units)
Taiwan (Chinese) (1.0 units)
Poland (1.0 units)

Exports of Numerically Controlled Sharpening Machine in Latvia

In 2022, exports of numerically controlled sharpening machines for working metal from Latvia amounted to 1 units, approximately mirroring the previous year's figure. Over the period under review, exports recorded a dramatic slump. The smallest decline of -50% was in 2021. Over the period under review, the exports reached the maximum at 2 units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, numerically controlled sharpening machine exports reduced notably to $7.8K in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 898% against the previous year. As a result, the exports attained the peak of $14K, and then fell dramatically in the following year.

Export of Numerically Controlled Sharpening Machine in Latvia (Thousand USD)
COUNTRY	2020	2021	2022	CAGR, 2020-2022
Netherlands	N/A	14.1	7.8	-44.7%
Lithuania	1.4	N/A	N/A	0%
Others	N/A	N/A	N/A	0%
Total	1.4	14.1	7.8	136.0%

Top Export Markets for Numerically Controlled Sharpening Machine from Latvia in 2022:

Netherlands (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for numerically controlled sharpening machine 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 28412365 - Numerically controlled sharpening (tool or cutter grinding) m achines for working metal

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