Latvia - Inductors - Market Analysis, Forecast, Size, Trends And Insights
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View PricingInductor Price in Latvia - 2023
Contents:
- Inductor Price in Latvia (FOB) - 2023
- Inductor Price in Latvia (CIF) - 2023
- Inductor Exports in Latvia
- Inductor Imports in Latvia
Inductor Price in Latvia (FOB) - 2023
The average inductor export price stood at $71.5 per thousand units in September 2023, falling by -8.9% against the previous month. In general, export price indicated tangible growth from September 2022 to September 2023: its price increased at an average monthly rate of +3.8% 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, inductor export price increased by +30.1% against July 2023 indices. The growth pace was the most rapid in August 2023 when the average export price increased by 43% against the previous month. The export price peaked at $89.3 per thousand units in May 2023; however, from June 2023 to September 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was Russia ($120 per thousand units), while the average price for exports to Denmark ($57.0 per thousand units) 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 Denmark (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.
Inductor Price in Latvia (CIF) - 2023
In September 2023, the average inductor import price amounted to $299 per thousand units, reducing by -56.9% against the previous month. Over the period under review, the import price showed a perceptible descent. The most prominent rate of growth was recorded in November 2022 an increase of 143% m-o-m. The import price peaked at $1.0 per unit in February 2023; however, from March 2023 to September 2023, import prices remained at a 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 Czech Republic ($4.6 per unit), while the price for Lithuania ($72.0 per thousand units) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Italy (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Inductor Exports in Latvia
For the fourth year in a row, Latvia recorded growth in shipments abroad of inductors, which increased by 35% to 301M units in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 255% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, inductor exports soared to $15M in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 83%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Inductor in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | N/A | N/A | 5.7 | 9.2 | 61.4% |
| Russia | 3.1 | 4.1 | 2.0 | 2.4 | -8.2% |
| Poland | N/A | N/A | 0.3 | 1.4 | 366.7% |
| Germany | N/A | N/A | 0.6 | 1.1 | 83.3% |
| Finland | N/A | N/A | N/A | 0.3 | 0% |
| China | 0.6 | 0.8 | 0.3 | N/A | -29.3% |
| Others | 0.2 | 0.3 | 0.5 | 0.6 | 44.2% |
| Total | 3.9 | 5.2 | 9.5 | 15.0 | 56.7% |
Top Export Markets for Inductor from Latvia in 2022:
- Denmark (233.6M units)
- Russia (26.1M units)
- Poland (24.0M units)
- Germany (7.7M units)
- Finland (5.4M units)
- China (0.4M units)
Inductor Imports in Latvia
In 2022, supplies from abroad of inductors decreased by -18% to 15M units, falling for the second consecutive year after two years of growth. Overall, imports saw a deep reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 31% against the previous year. As a result, imports attained the peak of 29M units. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, inductor imports fell rapidly to $4.2M in 2022. The total import value increased at an average annual rate of +6.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 23% against the previous year. Over the period under review, imports reached the peak figure at $5.2M in 2021, and then fell remarkably in the following year.
| Import of Inductor in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 532 | 443 | 1,136 | 1,162 | 29.7% |
| China | 1,005 | 1,279 | 2,069 | 1,107 | 3.3% |
| Denmark | 4.8 | 315 | 252 | 178 | 233.5% |
| Italy | 11.7 | 23.0 | 25.2 | 177 | 147.3% |
| Lithuania | 46.1 | 161 | 335 | 149 | 47.9% |
| Poland | 18.9 | 18.1 | 31.6 | 97.2 | 72.6% |
| Czech Republic | 331 | 27.0 | 61.4 | 66.8 | -41.3% |
| Hungary | 37.1 | 8.1 | 16.3 | 39.7 | 2.3% |
| Russia | 255 | 58.2 | 64.8 | 4.4 | -74.2% |
| Brazil | 309 | N/A | N/A | N/A | 0% |
| Others | 1,004 | 2,030 | 1,188 | 1,260 | 7.9% |
| Total | 3,553 | 4,363 | 5,180 | 4,240 | 6.1% |
Top Suppliers of Inductor to Latvia in 2022:
- Russia (undefinedM units)
- China (2.9M units)
- Lithuania (2.0M units)
- Czech Republic (1.4M units)
- Poland (1.4M units)
- Germany (1.4M units)
- Hungary (1.3M units)
- Italy (1.1M units)
- Denmark (0.7M units)
This report provides an in-depth analysis of the inductor 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 27115080 - Inductors (excluding induction coils, deflection coils for cathode-ray tubes, for discharge lamps and tubes)
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
-
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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