Latvia - Non-Electric Industrial Or Laboratory Furnaces And Ovens - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNon-Electric Industrial Furnace Price in Latvia - 2023
Contents:
- Non-Electric Industrial Furnace Price in Latvia (FOB) - 2022
- Non-Electric Industrial Furnace Price in Latvia (CIF) - 2022
- Non-Electric Industrial Furnace Exports in Latvia
- Non-Electric Industrial Furnace Imports in Latvia
Non-Electric Industrial Furnace Price in Latvia (FOB) - 2022
The average non-electric industrial furnace export price stood at $27,382 per unit in 2022, with an increase of 52% against the previous year. Over the period under review, the export price posted a remarkable increase. The growth pace was the most rapid in 2017 an increase of 694% against the previous year. Over the period under review, the average export prices reached the peak figure at $38,150 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($53,657 per unit), while the average price for exports to Moldova ($4,761 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 Russia (+3.6%), while the prices for the other major destinations experienced a decline.
Non-Electric Industrial Furnace Price in Latvia (CIF) - 2022
The average non-electric industrial furnace import price stood at $15,112 per unit in 2022, reducing by -28.7% against the previous year. Over the period under review, the import price, however, recorded modest growth. The pace of growth was the most pronounced in 2013 when the average import price increased by 197% against the previous year. The import price peaked at $80,181 per unit in 2016; however, from 2017 to 2022, import prices remained at a 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 Spain ($29,200 per unit), while the price for Poland ($3,390 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+94.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Electric Industrial Furnace Exports in Latvia
In 2022, overseas shipments of non-electric industrial or laboratory furnaces and ovens decreased by -4.3% to 22 units, falling for the second year in a row after two years of growth. In general, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 600% against the previous year. As a result, the exports attained the peak of 42 units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, non-electric industrial furnace exports surged to $602K in 2022. Overall, exports, however, showed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 413% against the previous year. As a result, the exports attained the peak of $1.2M. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Non-Electric Industrial Furnace in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ukraine | N/A | 139 | N/A | 322 | 52.2% |
Russia | 213 | 1,003 | 415 | 276 | 9.0% |
Moldova | N/A | N/A | N/A | 4.8 | 0% |
Uzbekistan | N/A | 32.7 | N/A | N/A | 0% |
Others | 15.7 | N/A | N/A | N/A | 0% |
Total | 229 | 1,175 | 415 | 602 | 38.0% |
Top Export Markets for Non-Electric Industrial Furnace from Latvia in 2022:
- Russia (15.0 units)
- Ukraine (6.0 units)
- Moldova (1.0 units)
Non-Electric Industrial Furnace Imports in Latvia
In 2022, after three years of growth, there was significant decline in purchases abroad of non-electric industrial or laboratory furnaces and ovens, when their volume decreased by -63.9% to 22 units. Over the period under review, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 1,400%. Over the period under review, imports hit record highs at 61 units in 2021, and then contracted dramatically in the following year.
In value terms, non-electric industrial furnace imports declined remarkably to $332K in 2022. Overall, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 1,164% against the previous year. As a result, imports attained the peak of $1.5M. From 2021 to 2022, the growth of imports remained at a lower figure.
Import of Non-Electric Industrial Furnace in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Austria | N/A | N/A | 57.1 | 183 | 220.5% |
Italy | N/A | N/A | N/A | 102 | 0% |
Spain | 23.2 | 8.0 | 17.3 | 29.2 | 8.0% |
China | N/A | 179 | 262 | 8.0 | -78.9% |
Lithuania | N/A | 463 | 3.0 | 6.7 | -88.0% |
Poland | N/A | N/A | 4.8 | 3.4 | -29.2% |
Russia | N/A | N/A | 20.8 | N/A | 0% |
Germany | N/A | 810 | 358 | N/A | -55.8% |
United States | 99.4 | N/A | 567 | N/A | 138.8% |
Czech Republic | N/A | 32.7 | N/A | N/A | 0% |
Ukraine | N/A | 52.5 | N/A | N/A | 0% |
Others | N/A | 4.9 | 3.8 | N/A | -22.4% |
Total | 123 | 1,549 | 1,293 | 332 | 39.2% |
Top Suppliers of Non-Electric Industrial Furnace to Latvia in 2022:
- Austria (11.0 units)
- Italy (7.0 units)
- Poland (1.0 units)
- Lithuania (1.0 units)
- China (1.0 units)
- Spain (1.0 units)
This report provides an in-depth analysis of the non-electric industrial furnace 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 28211270 - Industrial or laboratory furnaces and ovens, non-electric, i ncluding incinerators (excluding those for the roasting, m elting or other heat treatment of ores, pyrites or metals, b akery ovens, drying ovens and ovens for cracking operations)
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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