Latvia: Gps Navigator Market 2024

Gps Navigator Market Size in Latvia

In 2022, the Latvian GPS navigator market increased by X% to $X, rising for the third year in a row after five years of decline. Over the period under review, consumption, however, recorded a deep slump. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Gps Navigator Production in Latvia

In value terms, GPS navigator production rose slightly to $X in 2022 estimated in export price. In general, production, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Gps Navigator Exports

Exports from Latvia

GPS navigator exports from Latvia soared to X units in 2022, with an increase of X% on 2021 figures. Over the period under review, exports, however, showed a dramatic descent. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, GPS navigator exports skyrocketed to $X in 2022. In general, exports, however, showed a deep reduction. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Estonia (X units) was the main destination for GPS navigator exports from Latvia, accounting for a X% share of total exports. Moreover, GPS navigator exports to Estonia exceeded the volume sent to the second major destination, the United States (X units), twofold. Poland (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Estonia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Poland (X% per year).

In value terms, Estonia ($X) emerged as the key foreign market for aeronautical or space navigation instruments and appliances exports from Latvia, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Estonia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Poland (X% per year).

Export Prices by Country

In 2022, the average GPS navigator export price amounted to $X per unit, picking up by X% against the previous year. Overall, the export price posted a measured increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to the UK ($X 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 Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Gps Navigator Imports

Imports into Latvia

In 2022, the amount of aeronautical or space navigation instruments and appliances imported into Latvia soared to X units, rising by X% against the previous year's figure. In general, imports, however, showed a abrupt slump. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, GPS navigator imports surged to $X in 2022. Overall, imports, however, recorded a precipitous setback. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of GPS navigator to Latvia, accounting for a X% share of total imports. Moreover, GPS navigator imports from the United States exceeded the figures recorded by the second-largest supplier, Singapore (X units), fourfold. The UK (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and the UK (X% per year).

In value terms, the United States ($X) constituted the largest supplier of aeronautical or space navigation instruments and appliances to Latvia, comprising X% of total imports. The second position in the ranking was held by Singapore ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and the UK (X% per year).

Import Prices by Country

The average GPS navigator import price stood at $X per unit in 2022, waning by X% against the previous year. Over the period under review, the import price recorded a abrupt slump. The growth pace was the most rapid in 2014 an increase of X% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 Germany ($X per unit), while the price for Romania ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform