Latvia: Non-Electric Chainsaw Market 2024

Non-Electric Chainsaw Market Size in Latvia

In 2022, the Latvian non-electric chainsaw market increased by 4.3% to $X, rising for the second consecutive year after two years of decline. Overall, the total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +37.2% against 2020 indices. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Non-Electric Chainsaw Exports

Exports from Latvia

For the third year in a row, Latvia recorded growth in overseas shipments of chainsaws with a self-contained non-electric motor, which increased by 128% to X units in 2022. Over the period under review, exports enjoyed a temperate increase. The most prominent rate of growth was recorded in 2015 with an increase of 241% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, non-electric chainsaw exports soared to $X in 2022. In general, exports saw perceptible growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Lithuania (X units), Estonia (X units) and Kyrgyzstan (X units) were the main destinations of non-electric chainsaw exports from Latvia, with a combined 100% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Kyrgyzstan (with a CAGR of +93.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-electric chainsaw exported from Latvia were Kyrgyzstan ($X), Lithuania ($X) and Estonia ($X), together comprising 100% of total exports.

Among the main countries of destination, Kyrgyzstan, with a CAGR of +229.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average non-electric chainsaw export price stood at $X per unit in 2022, jumping by 48% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 82%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per unit), while the average price for exports to Lithuania ($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 Kyrgyzstan (+69.7%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Chainsaw Imports

Imports into Latvia

In 2022, purchases abroad of chainsaws with a self-contained non-electric motor increased by 17% to X units, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +5.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 36% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, non-electric chainsaw imports rose significantly to $X in 2022. Over the period under review, total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.3% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 36%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Lithuania (X units), Sweden (X units) and China (X units) were the main suppliers of non-electric chainsaw imports to Latvia, with a combined 69% share of total imports. Germany, Estonia, Poland, the Czech Republic and Italy lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +57.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-electric chainsaw suppliers to Latvia were Lithuania ($X), Sweden ($X) and Estonia ($X), together accounting for 80% of total imports. Germany, China, Poland, the Czech Republic and Italy lagged somewhat behind, together accounting for a further 19%.

Among the main suppliers, Poland, with a CAGR of +50.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average non-electric chainsaw import price amounted to $X per unit, reducing by -6.9% against the previous year. Over the period under review, the import price saw a pronounced downturn. The most prominent rate of growth was recorded in 2018 an increase of 12%. Over the period under review, average import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($X per unit), while the price for China ($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 Czech Republic (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform