Latvia - Mounted Lenses, Prisms And Mirrors - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMounted Lens Price in Latvia - 2023
Contents:
- Mounted Lens Price in Latvia (CIF) - 2022
- Mounted Lens Price in Latvia (FOB) - 2022
- Mounted Lens Imports in Latvia
- Mounted Lens Exports in Latvia
Mounted Lens Price in Latvia (CIF) - 2022
The average mounted lens import price stood at $6.8 per unit in 2022, picking up by 55% against the previous year. In general, the import price, however, continues to indicate a mild setback. The pace of growth appeared the most rapid in 2020 an increase of 133%. As a result, import price attained the peak level of $12 per unit. From 2021 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 Belarus ($39 per unit), while the price for Poland ($0.8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+23.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Mounted Lens Price in Latvia (FOB) - 2022
The average mounted lens export price stood at $16 per unit in 2022, falling by -81.2% against the previous year. In general, the export price showed a deep reduction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 276% against the previous year. As a result, the export price attained the peak level of $87 per unit, and then dropped rapidly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($339 per unit), while the average price for exports to Lithuania ($9.3 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 Israel (+74.7%), while the prices for the other major destinations experienced more modest paces of growth.
Mounted Lens Imports in Latvia
In 2022, mounted lens imports into Latvia skyrocketed to 219K units, picking up by 40% against the previous year's figure. The total import volume increased at an average annual rate of +9.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, mounted lens imports soared to $1.5M in 2022. Over the period under review, imports saw a strong expansion. The growth pace was the most rapid in 2020 when imports increased by 173% against the previous year. As a result, imports reached the peak of $2.4M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Mounted Lens in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 81.6 | 116 | 114 | 586 | 92.9% |
| Germany | 288 | 374 | 280 | 253 | -4.2% |
| Lithuania | 44.0 | 43.9 | 54.3 | 203 | 66.5% |
| Belgium | 1.2 | 4.9 | 0.6 | 39.1 | 219.4% |
| Poland | 54.0 | 41.3 | 27.4 | 33.5 | -14.7% |
| Italy | 26.0 | 14.6 | 53.1 | 10.3 | -26.6% |
| Greece | N/A | 1,431 | N/A | N/A | 0% |
| Others | 368 | 327 | 155 | 361 | -0.6% |
| Total | 863 | 2,353 | 685 | 1,486 | 19.9% |
Top Suppliers of Mounted Lens to Latvia in 2022:
- Germany (77.4K units)
- Poland (44.7K units)
- Lithuania (38.7K units)
- China (33.1K units)
- Belgium (8.5K units)
- Italy (1.8K units)
Mounted Lens Exports in Latvia
In 2022, the amount of mounted lenses, prisms and mirrors exported from Latvia surged to 40K units, with an increase of 194% compared with 2021. In general, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, mounted lens exports declined markedly to $655K in 2022. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 528%. As a result, the exports reached the peak of $1.2M, and then declined sharply in the following year.
| Export of Mounted Lens in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 13.8 | 5.0 | 8.5 | 284 | 174.0% |
| Kazakhstan | N/A | N/A | N/A | 119 | 0% |
| Hong Kong SAR | 153 | N/A | 1,042 | 90.4 | -16.1% |
| Belarus | 20.6 | 98.2 | 57.8 | 60.5 | 43.2% |
| Estonia | 16.2 | 1.0 | 1.3 | 10.7 | -12.9% |
| Russia | 36.2 | 82.7 | 33.1 | 6.6 | -43.3% |
| Others | 21.0 | 1.9 | 43.7 | 84.0 | 58.7% |
| Total | 261 | 189 | 1,186 | 655 | 35.9% |
Top Export Markets for Mounted Lens from Latvia in 2022:
- Lithuania (30.4K units)
- Belarus (6.1K units)
- Kazakhstan (1.4K units)
- Estonia (0.9K units)
- Hong Kong SAR (0.4K units)
- Russia (0.1K units)
This report provides an in-depth analysis of the mounted lens 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 26702155 - Mounted lenses, prisms, mirrors, etc., of any material, n.e.c.
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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