Price for Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Latvia - 2023

Contents:

1. Price for Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Latvia (FOB) - 2022
2. Price for Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Latvia (CIF) - 2022
3. Exports of Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Latvia
4. Imports of Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Latvia

Price for Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Latvia (FOB) - 2022

The average export price for vessels; other, including warships and lifeboats, other than rowing boatses stood at $936,027 per unit in 2022, picking up by 38% against the previous year. In general, the export price enjoyed significant growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 808%. Over the period under review, the average export prices hit record highs at $1,782,474 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 Norway ($2,402,785 per unit), while the average price for exports to Kuwait ($51,468 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 Estonia (+114.9%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Latvia (CIF) - 2022

In 2022, the average import price for vessels; other, including warships and lifeboats, other than rowing boatses amounted to $17,579 per unit, reducing by -50.8% against the previous year. In general, the import price faced a dramatic descent. The pace of growth was the most pronounced in 2020 an increase of 7,681%. Over the period under review, average import prices attained the peak figure at $881,907 per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($51,468 per unit), while the price for Norway ($1,034 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+417.6%), while the prices for the other major suppliers experienced a decline.

Exports of Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Latvia

In 2022, shipments abroad of vessels; other, including warships and lifeboats, other than rowing boatses decreased by -40% to 3 units, falling for the second year in a row after two years of growth. In general, exports recorded a abrupt decline. The growth pace was the most rapid in 2020 with an increase of 40%. As a result, the exports reached the peak of 7 units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of vessels; other, including warships and lifeboats, other than rowing boatses fell significantly to $2.8M in 2022. Overall, exports continue to indicate a noticeable downturn. The pace of growth was the most pronounced in 2020 with an increase of 59% against the previous year. As a result, the exports attained the peak of $5M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats from Latvia in 2022:

1. Kuwait (1.0 units)
2. Finland (1.0 units)
3. Norway (1.0 units)

Imports of Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Latvia

In 2022, purchases abroad of vessels; other, including warships and lifeboats, other than rowing boatses decreased by 0% to 5 units for the first time since 2018, thus ending a three-year rising trend. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 200%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, imports of vessels; other, including warships and lifeboats, other than rowing boatses shrank significantly to $88K in 2022. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 23,244% against the previous year. Imports peaked at $179K in 2021, and then plummeted in the following year.

Top Suppliers of Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats to Latvia in 2022:

1. Lithuania (3.0 units)
2. Norway (1.0 units)
3. Finland (1.0 units)

Source: IndexBox Market Intelligence Platform