Latvia - Pumps For Liquids - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPumps for Liquids Price in Latvia - 2023
Contents:
- Pumps for Liquids Price in Latvia (CIF) - 2023
- Pumps for Liquids Price in Latvia (FOB) - 2023
- Pumps for Liquids Imports in Latvia
- Pumps for Liquids Exports in Latvia
Pumps for Liquids Price in Latvia (CIF) - 2023
In September 2023, the average pumps for liquids import price amounted to $172 per unit, picking up by 32% against the previous month. Over the period under review, import price indicated a perceptible expansion from September 2022 to September 2023: its price increased at an average monthly rate of +4.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, pumps for liquids import price increased by +56.2% against July 2023 indices. The most prominent rate of growth was recorded in January 2023 an increase of 94% m-o-m. Over the period under review, average import prices hit record highs at $179 per unit in June 2023; however, from July 2023 to September 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the Netherlands ($1,027 per unit), while the price for China ($156 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by France (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Pumps for Liquids Price in Latvia (FOB) - 2023
The average pumps for liquids export price stood at $251 per unit in September 2023, increasing by 27% against the previous month. In general, export price indicated a resilient expansion from September 2022 to September 2023: its price increased at an average monthly rate of +5.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, pumps for liquids export price increased by +47.0% against July 2023 indices. The pace of growth was the most pronounced in March 2023 when the average export price increased by 50% month-to-month. Over the period under review, the average export prices reached the maximum in September 2023.
There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was Poland ($653 per unit), while the average price for exports to Lithuania ($337 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Armenia (+32.0%), while the prices for the other major destinations experienced more modest paces of growth.
Pumps for Liquids Imports in Latvia
In 2022, the amount of pumps for liquids imported into Latvia surged to 194K units, increasing by 22% compared with the year before. Over the period under review, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 35% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, pumps for liquids imports rose sharply to $20M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +18.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.8% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 32%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.
Import of Pumps for Liquids in Latvia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 3.7 | 3.9 | 5.6 | 5.7 | 15.5% |
Netherlands | 2.4 | 2.9 | 3.9 | 4.2 | 20.5% |
China | 1.4 | 1.4 | 2.5 | 2.5 | 21.3% |
Italy | 1.2 | 3.4 | 1.9 | 2.2 | 22.4% |
Lithuania | 0.4 | 0.5 | 0.6 | 0.9 | 31.0% |
Poland | 0.7 | 1.0 | 0.9 | 0.8 | 4.6% |
France | 0.2 | 0.2 | 0.2 | 0.5 | 35.7% |
Others | 2.3 | 3.1 | 2.8 | 3.5 | 15.0% |
Total | 12.4 | 16.4 | 18.3 | 20.4 | 18.1% |
Top Suppliers of Pumps for Liquids to Latvia in 2022:
- China (63.0K units)
- Germany (62.4K units)
- Netherlands (16.5K units)
- Lithuania (13.1K units)
- Italy (12.7K units)
- France (7.7K units)
- Poland (7.2K units)
Pumps for Liquids Exports in Latvia
After three years of growth, overseas shipments of pumps for liquids decreased by -17.2% to 60K units in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +16.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 51% against the previous year. The exports peaked at 72K units in 2021, and then declined sharply in the following year.
In value terms, pumps for liquids exports declined remarkably to $9.2M in 2022. Over the period under review, exports, however, posted a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 104% against the previous year. The exports peaked at $12M in 2021, and then declined sharply in the following year.
Export of Pumps for Liquids in Latvia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 1.1 | 4.9 | 7.4 | 3.3 | 44.2% |
Estonia | 1.4 | 1.5 | 1.8 | 2.1 | 14.5% |
Lithuania | 0.7 | 1.1 | 1.6 | 1.4 | 26.0% |
Sweden | 0.4 | 0.4 | 0.6 | 0.3 | -9.1% |
Others | 0.9 | 1.2 | 1.0 | 2.1 | 32.6% |
Total | 4.5 | 9.2 | 12.3 | 9.2 | 26.9% |
Top Export Markets for Pumps for Liquids from Latvia in 2022:
- Estonia (20.8K units)
- Lithuania (17.5K units)
- Russia (16.4K units)
- Sweden (0.7K units)
This report provides an in-depth analysis of the pumps for liquids 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 28131413 - Submersible motor, single-stage rotodynamic drainage and sewage pumps
- Prodcom 28131415 - Submersible motor, multi-stage rotodynamic pumps
- Prodcom 28131417 - Glandless impeller pumps for heating systems and warm water supply
- Prodcom 28131420 - Rotodynamic pumps . .15 mm discharge
- Prodcom 28131430 - Centrifugal pumps with a discharge outlet diameter > .15 mm, c hannel impeller pumps, side channel pumps, peripheral pumps and regenerative pumps
- Prodcom 28131451 - Centrifugal pumps with a discharge outlet diameter > .15 mm, s ingle-stage with a single entry impeller, close coupled
- Prodcom 28131453 - Centrifugal pumps with a discharge outlet diameter > .15 mm, s ingle stage with a single entry impeller, long coupled
- Prodcom 28131455 - Centrifugal pumps with a discharge outlet diameter > .15 mm, s ingle-stage with double entry impeller
- Prodcom 28131460 - Centrifugal pumps with a discharge outlet diameter > .15 mm, m ulti-stage (including self-priming)
- Prodcom 28131471 - Rotodynamic single-stage mixed flow or axial pumps
- Prodcom 28131475 - Rotodynamic multi-stage mixed flow or axial pumps
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
-
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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In 2016, the amount of pump for liquid imported worldwide stood at X tons, approximately equating the previous year figure. Overall, pump for liquid imports continue to indicate a relatively flat ...
In 2016, the amount of pump for liquid imported worldwide stood at X tons, approximately equating the previous year figure. Overall, pump for liquid imports continue to indicate a relatively flat ...
Explore the top import markets for fuel or lubricating pumps based on import values. Gain insights into countries like the United States, Germany, China, and more. Find out their import values and understand market trends using IndexBox market intelligence platform.