Latvia: Generator Market 2020

Generator Market Size in Latvia

The revenue of the generator market in Latvia amounted to $X in 2018, stabilizing at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, generator consumption, however, continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2010 when the market value increased by X% y-o-y. Over the period under review, the generator market reached its peak figure level at $X in 2011; however, from 2012 to 2018, consumption remained at a lower figure.

Generator Exports

Exports from Latvia

In 2018, the amount of electric generating sets and rotary converters exported from Latvia amounted to X units, dropping by -X% against the previous year. In general, generator exports continue to indicate a measured curtailment. The most prominent rate of growth was recorded in 2012 when exports increased by X% year-to-year. In that year, generator exports attained their peak of X units. From 2013 to 2018, the growth of generator exports failed to regain its momentum.

In value terms, generator exports amounted to $X in 2018. In general, generator exports continue to indicate a remarkable expansion. The pace of growth was the most pronounced in 2011 when exports increased by X% against the previous year. Over the period under review, generator exports attained their maximum at $X in 2012; however, from 2013 to 2018, exports stood at a somewhat lower figure.

Exports by Country

China represented the major exporting country with an export of around X units, which finished at X% of total exports. Spain (X units) held the second position in the ranking, followed by the United Arab Emirates (X units), Japan (X units) and Thailand (X units). All these countries together took approx. X% share of total exports. Germany (X units), France (X units), China, Hong Kong SAR (X units) and the UK (X units) took a minor share of total exports.

Exports from China decreased at an average annual rate of -X% from 2007 to 2018. At the same time, Thailand (+X%), the United Arab Emirates (+X%) and Spain (+X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Japan experienced a relatively flat trend pattern. By contrast, France (-X%), China, Hong Kong SAR (-X%), the UK (-X%) and Germany (-X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+X p.p.), Spain (+X p.p.) and Thailand (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of the UK (-X p.p.), Germany (-X p.p.) and China (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Germany ($X) and Spain ($X) appeared to be the countries with the highest levels of exports in 2018, with a combined X% share of total exports. These countries were followed by the UK, Japan, France, Thailand, China, Hong Kong SAR, the United Arab Emirates and Latvia, which together accounted for a further X terms of the main exporting countries, Thailand experienced the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the generator export price in Latvia amounted to $X per unit, rising by X% against the previous year. Over the period under review, the generator export price continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2010 an increase of X% year-to-year. Latvia export price peaked at $X per unit in 2011; however, from 2012 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Germany ($X per unit), while the United Arab Emirates ($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 more modest paces of growth.

Generator Imports

Imports into Latvia

In 2018, approx. X units of electric generating sets and rotary converters were imported into Latvia; reducing by -X% against the previous year. Over the period under review, generator imports continue to indicate an abrupt curtailment. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. In that year, generator imports reached their peak of X units. From 2012 to 2018, the growth of generator imports remained at a lower figure.

In value terms, generator imports amounted to $X in 2018. Over the period under review, generator imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, generator imports attained their peak figure at $X in 2012; however, from 2013 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, South Africa (X units), Mozambique (X units), Angola (X units), the U.S. (X units) and Nigeria (X units) were the largest importers of electric generating sets and rotary converters in the world, creating X% of total import. It was distantly followed by Malaysia (X units), generating a X% share of total imports. The following importers - Russia (X units), Canada (X units), Greece (X units), Germany (X units) and Australia (X units) - together made up X% of total imports.

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

In value terms, the U.S. ($X), Germany ($X) and Russia ($X) constituted the countries with the highest levels of imports in 2018, with a combined X% share of total imports. Canada, Australia, South Africa, Nigeria, Greece, Malaysia, Angola, Mozambique and Latvia lagged somewhat behind, together comprising a further X the main importing countries, South Africa recorded the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the generator import price in Latvia amounted to $X per unit, declining by -X% against the previous year. Overall, the generator import price continues to indicate a mild downturn. The pace of growth appeared the most rapid in 2009 when the import price increased by X% y-o-y. Over the period under review, the import prices for electric generating sets and rotary converters reached their peak figure at $X per unit in 2012; however, from 2013 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per unit), while Mozambique ($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 more modest paces of growth.

Source: IndexBox Platform