Latvia: Crane Lorry Market 2020

Crane Lorry Market Size in Latvia

The revenue of the crane lorry market in Latvia amounted to $X in 2018, stabilizing at the previous year. Overall, crane lorry consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when the market value increased by X% year-to-year. Over the period under review, the crane lorry market reached its peak figure level at $X in 2012; however, from 2013 to 2018, consumption remained at a lower figure.

Crane Lorry Production in Latvia

In value terms, crane lorry production stood at $X in 2018 estimated in export prices. Over the period under review, crane lorry production, however, continues to indicate a slight increase. The most prominent rate of growth was recorded in 2016 when production volume increased by X% y-o-y. Over the period under review, crane lorry production reached its maximum level at $X in 2009; however, from 2010 to 2018, production stood at a somewhat lower figure.

Crane Lorry Exports

Exports from Latvia

In 2018, the amount of crane lorries exported from Latvia stood at X units, waning by -X% against the previous year. Overall, crane lorry exports continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. In that year, crane lorry exports attained their peak of X units. From 2010 to 2018, the growth of crane lorry exports remained at a lower figure.

In value terms, crane lorry exports amounted to $X in 2018. Overall, crane lorry exports continue to indicate an abrupt downturn. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Latvia exports peaked at $X in 2008; however, from 2009 to 2018, exports failed to regain their momentum.

Exports by Country

Luxembourg (X units) and Namibia (X units) dominates crane lorry exports structure, together committing X% of total exports. Uganda (X units) held the next position in the ranking, followed by Jamaica (X units). All these countries together took approx. X% share of total exports. Germany (X units) took a relatively small share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Namibia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest crane lorry supplier from Latvia, comprising X% of global exports. The second position in the ranking was occupied by Luxembourg ($X), with a X% share of global exports. It was followed by Latvia, with a X% share.

From 2007 to 2018, the average annual growth rate of value in Germany was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Luxembourg (-X% per year) and Latvia (-X% per year).

Export Prices by Country

The crane lorry export price in Latvia stood at $X per unit in 2018, increasing by X% against the previous year. Over the period under review, the crane lorry export price continues to indicate remarkable growth. The most prominent rate of growth was recorded in 2018 an increase of X% y-o-y. In that year, the export prices for crane lorries attained their peak level and is likely to continue its growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Germany ($X per unit), while Jamaica ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the other leaders experienced a decline in the export price figures.

Crane Lorry Imports

Imports into Latvia

In 2018, approx. X units of crane lorries were imported into Latvia; shrinking by -X% against the previous year. In general, crane lorry imports continue to indicate an abrupt drop. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. In that year, crane lorry imports reached their peak of X units. From 2016 to 2018, the growth of crane lorry imports failed to regain its momentum.

In value terms, crane lorry imports stood at $X in 2018. Over the period under review, crane lorry imports continue to indicate a measured setback. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Over the period under review, crane lorry imports reached their peak figure at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

Belgium was the key importer of crane lorries in the world, with the volume of imports accounting for X units, which was approx. X% of total imports in 2018. It was distantly followed by Saint Lucia (X units), committing a X% share of total imports.

Imports into Belgium increased at an average annual rate of +X% from 2007 to 2018. At the same time, Saint Lucia (+X%) displayed positive paces of growth. Moreover, Saint Lucia emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. While the share of Belgium (+X p.p.) and Saint Lucia (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) constitutes the largest market for imported crane lorries into Latvia, comprising X% of global imports. The second position in the ranking was occupied by Latvia ($X), with a X% share of global imports.

In Belgium, crane lorry imports shrank by an average annual rate of -X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Latvia (-X% per year) and Saint Lucia (+X% per year).

Import Prices by Country

In 2018, the crane lorry import price in Latvia amounted to $X per unit, increasing by X% against the previous year. Overall, the crane lorry import price continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2018 when the import price increased by X% y-o-y. In that year, the import prices for crane lorries reached their peak level and is likely to continue its growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Belgium ($X per unit), while Saint Lucia amounted to $X per unit.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Belgium.

Source: IndexBox Platform