Price for Trade, Exhibition, Library, Personnel and Other Specialized Trailer and Semi-Trailer in Latvia - 2023

Contents:

1. Price for Trade, Exhibition, Library, Personnel and Other Specialized Trailer and Semi-Trailer in Latvia (CIF) - 2022
2. Price for Trade, Exhibition, Library, Personnel and Other Specialized Trailer and Semi-Trailer in Latvia (FOB) - 2022
3. Imports of Trade, Exhibition, Library, Personnel and Other Specialized Trailer and Semi-Trailer in Latvia
4. Exports of Trade, Exhibition, Library, Personnel and Other Specialized Trailer and Semi-Trailer in Latvia

Price for Trade, Exhibition, Library, Personnel and Other Specialized Trailer and Semi-Trailer in Latvia (CIF) - 2022

In 2022, the average import price for trade, exhibition, library, personnel and other specialized trailers and semi-trailers amounted to $19,246 per unit, surging by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 the Netherlands ($25,265 per unit), while the price for Norway ($4,134 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+26.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Trade, Exhibition, Library, Personnel and Other Specialized Trailer and Semi-Trailer in Latvia (FOB) - 2022

In 2022, the average export price for trade, exhibition, library, personnel and other specialized trailers and semi-trailers amounted to $11,553 per unit, jumping by 18% against the previous year. In general, the export price, however, continues to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2020 an increase of 33% against the previous year. As a result, the export price attained the peak level of $19,575 per unit. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($18,763 per unit), while the average price for exports to Azerbaijan ($1,401 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 Lithuania (+1.1%), while the prices for the other major destinations experienced a decline.

Imports of Trade, Exhibition, Library, Personnel and Other Specialized Trailer and Semi-Trailer in Latvia

In 2022, the amount of trade, exhibition, library, personnel and other specialized trailers and semi-trailers imported into Latvia surged to 560 units, increasing by 18% on 2021. Over the period under review, imports, however, recorded a slight decline. Over the period under review, imports of attained the peak figure at 583 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of trade, exhibition, library, personnel and other specialized trailers and semi-trailers skyrocketed to $11M in 2022. The total import value increased at an average annual rate of +4.3% from 2019 to 2022; 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.

Top Suppliers of Trade, Exhibition, Library, Personnel and Other Specialized Trailer and Semi-Trailer to Latvia in 2022:

1. Netherlands (128.0 units)
2. Germany (100.0 units)
3. Estonia (82.0 units)
4. Lithuania (80.0 units)
5. Finland (63.0 units)
6. Hungary (50.0 units)
7. Norway (23.0 units)
8. Poland (21.0 units)

Exports of Trade, Exhibition, Library, Personnel and Other Specialized Trailer and Semi-Trailer in Latvia

For the fourth year in a row, Latvia recorded growth in overseas shipments of trade, exhibition, library, personnel and other specialized trailers and semi-trailers, which increased by 14% to 170 units in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +21.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, exports of trade, exhibition, library, personnel and other specialized trailers and semi-trailers soared to $2M in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +12.0% 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 decreased by -6.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 50% against the previous year. As a result, the exports reached the peak of $2.1M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Trade, Exhibition, Library, Personnel and Other Specialized Trailer and Semi-Trailer from Latvia in 2022:

1. Lithuania (51.0 units)
2. Uzbekistan (35.0 units)
3. Belarus (30.0 units)
4. Russia (12.0 units)
5. Ukraine (11.0 units)
6. Azerbaijan (9.0 units)
7. Kazakhstan (6.0 units)
8. Estonia (2.0 units)
9. Netherlands (1.0 units)
10. Germany (1.0 units)

Source: IndexBox Market Intelligence Platform