Price for Book-Binding Machinery; Including Book-Sewing Machines in Latvia - 2023
Contents:
- Price for Book-Binding Machinery; Including Book-Sewing Machines in Latvia (FOB) - 2022
- Price for Book-Binding Machinery; Including Book-Sewing Machines in Latvia (CIF) - 2022
- Exports of Book-Binding Machinery; Including Book-Sewing Machines in Latvia
- Imports of Book-Binding Machinery; Including Book-Sewing Machines in Latvia
Price for Book-Binding Machinery; Including Book-Sewing Machines in Latvia (FOB) - 2022
In 2022, the average export price for book-binding machinery; including book-sewing machineses amounted to $746 per unit, reducing by -5% against the previous year. In general, the export price showed a slight downturn. The pace of growth was the most pronounced in 2015 an increase of 166% against the previous year. Over the period under review, the average export prices attained the maximum at $2,836 per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($934 per unit), while the average price for exports to the UK ($392 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 Germany (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Book-Binding Machinery; Including Book-Sewing Machines in Latvia (CIF) - 2022
The average import price for book-binding machinery; including book-sewing machineses stood at $407 per unit in 2022, shrinking by -13.5% against the previous year. Over the period under review, the import price recorded a noticeable downturn. The most prominent rate of growth was recorded in 2015 when the average import price increased by 303%. Over the period under review, average import prices hit record highs at $3,643 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 Italy ($1,221 per unit), while the price for Estonia ($124 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Book-Binding Machinery; Including Book-Sewing Machines in Latvia
For the fourth year in a row, Latvia recorded growth in overseas shipments of book-binding machinery; including book-sewing machineses, which increased by 32% to 44K units in 2022. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 124%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, book-binding machinery; including book-sewing machines exports soared to $33M in 2022. The total export value 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, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Book-Binding Machinery; Including Book-Sewing Machines in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 11.6 | 11.8 | 9.9 | 15.6 | 10.4% |
| Netherlands | 6.7 | 6.5 | 7.8 | 6.8 | 0.5% |
| Germany | 0.6 | 1.2 | 1.2 | 1.9 | 46.8% |
| Sweden | 0.5 | 0.3 | 1.0 | 1.6 | 47.4% |
| United Kingdom | 1.9 | 2.5 | 1.0 | 1.0 | -19.3% |
| Australia | 0.5 | 0.7 | 1.1 | 0.9 | 21.6% |
| Russia | 0.6 | 0.3 | 0.5 | 0.6 | 0.0% |
| Others | 2.5 | 2.7 | 3.6 | 4.5 | 21.6% |
| Total | 24.7 | 26.1 | 26.2 | 32.9 | 10.0% |
Top Export Markets for Book-Binding Machinery; Including Book-Sewing Machines from Latvia in 2022:
- United States (18.7K units)
- Netherlands (8.6K units)
- Sweden (4.1K units)
- United Kingdom (2.6K units)
- Germany (2.2K units)
- Australia (1.0K units)
- Russia (0.9K units)
Imports of Book-Binding Machinery; Including Book-Sewing Machines in Latvia
In 2022, imports of book-binding machinery; including book-sewing machineses into Latvia soared to 29K units, picking up by 21% on 2021. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 94% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, book-binding machinery; including book-sewing machines imports expanded to $12M in 2022. Overall, total imports indicated a pronounced increase from 2019 to 2022: its value increased at an average annual rate of +4.2% 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 +78.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 71%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Book-Binding Machinery; Including Book-Sewing Machines in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 2.7 | 1.4 | 3.1 | 3.1 | 4.7% |
| Germany | 0.3 | 0.2 | 2.3 | 1.5 | 71.0% |
| Taiwan (Chinese) | 3.4 | 1.3 | 2.0 | 1.4 | -25.6% |
| Italy | 1.2 | 0.3 | 0.4 | 1.3 | 2.7% |
| Estonia | 0.5 | 0.4 | 0.5 | 1.0 | 26.0% |
| United Kingdom | 1.1 | 1.3 | 1.0 | 1.0 | -3.1% |
| Netherlands | 0.2 | 0.1 | 0.5 | 0.9 | 65.1% |
| Lithuania | 0.6 | 0.4 | 0.6 | 0.4 | -12.6% |
| Others | 0.5 | 1.4 | 1.1 | 1.4 | 40.9% |
| Total | 10.5 | 6.7 | 11.4 | 11.9 | 4.3% |
Top Suppliers of Book-Binding Machinery; Including Book-Sewing Machines to Latvia in 2022:
- Sweden (8.4K units)
- Estonia (7.8K units)
- Germany (4.3K units)
- Taiwan (Chinese) (3.0K units)
- Netherlands (1.2K units)
- United Kingdom (1.2K units)
- Italy (1.1K units)
- Lithuania (0.8K units)
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