Latvia: Diagnostic Equipment Market 2020

Diagnostic Equipment Market Size in Latvia

The revenue of the diagnostic equipment market in Latvia amounted to $X in 2018, reducing by -X% against the previous year. In general, diagnostic equipment consumption continues to indicate an abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when the market value increased by X% year-to-year. Latvia diagnostic equipment consumption peaked at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Diagnostic Equipment Production in Latvia

In value terms, diagnostic equipment production stood at $X in 2018 estimated in export prices. In general, diagnostic equipment production continues to indicate an extraordinary increase. The most prominent rate of growth was recorded in 2009 when production volume increased by X% year-to-year. Latvia diagnostic equipment production peaked at $X in 2017, and then declined slightly in the following year.

Diagnostic Equipment Exports

Exports from Latvia

In 2018, the amount of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus exported from Latvia amounted to X tons, picking up by X% against the previous year. In general, diagnostic equipment exports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. In that year, diagnostic equipment exports reached their peak and are likely to continue its growth in the immediate term.

In value terms, diagnostic equipment exports amounted to $X in 2018. In general, diagnostic equipment exports continue to indicate resilient growth. The pace of growth was the most pronounced in 2012 when exports increased by X% against the previous year. In that year, diagnostic equipment exports attained their peak of $X. From 2013 to 2018, the growth of diagnostic equipment exports remained at a somewhat lower figure.

Exports by Country

The exports of the three major exporters of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus, namely Germany, the U.S. and China, represented more than third of total export. It was distantly followed by the Netherlands (X tons), the UK (X tons) and Japan (X tons), together making up a X% share of total exports. Italy (X tons), South Korea (X tons), Mexico (X tons), France (X tons) and Austria (X tons) held a little 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 China, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Germany ($X) and China ($X) appeared to be the countries with the highest levels of exports in 2018, with a combined X% share of total exports.

In terms of the main exporting countries, China experienced the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The diagnostic equipment export price in Latvia stood at $X per ton in 2018, dropping by -X% against the previous year. Overall, the diagnostic equipment export price continues to indicate a pronounced setback. The pace of growth was the most pronounced in 2009 when the export price increased by X% year-to-year. Latvia export price peaked at $X per ton in 2012; however, from 2013 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($X per ton), while the UK ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Mexico, while the other leaders experienced more modest paces of growth.

Diagnostic Equipment Imports

Imports into Latvia

In 2018, the diagnostic equipment imports into Latvia amounted to X tons, growing by X% against the previous year. Over the period under review, diagnostic equipment imports, however, continue to indicate an abrupt slump. The most prominent rate of growth was recorded in 2012 when imports increased by X% year-to-year. Latvia imports peaked at X tons in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, diagnostic equipment imports totaled $X in 2018. In general, diagnostic equipment imports, however, continue to indicate a deep decrease. The growth pace was the most rapid in 2012 when imports increased by X% against the previous year. Over the period under review, diagnostic equipment imports attained their peak figure at $X in 2008; however, from 2009 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, the U.S. (X tons), distantly followed by Germany (X tons), China (X tons), the Netherlands (X tons) and Japan (X tons) represented the key importers of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus, together comprising X% of total imports. The following importers - France (X tons), Italy (X tons), the UK (X tons), Russia (X tons), Austria (X tons), India (X tons) and South Korea (X tons) - together made up X% of total imports.

From 2007 to 2018, average annual rates of growth with regard to diagnostic equipment imports into the U.S. stood at +X%. At the same time, Austria (+X%), China (+X%), India (+X%), Italy (+X%), Germany (+X%), Japan (+X%), the UK (+X%) and the Netherlands (+X%) displayed positive paces of growth. Moreover, Austria emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. South Korea and France experienced a relatively flat trend pattern. By contrast, Russia (-X%) illustrated a downward trend over the same period. While the share of the U.S. (+X p.p.), China (+X p.p.) and Germany (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus into Latvia, comprising X% of global imports. The second position in the ranking was occupied by China ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: China (+X% per year) and Germany (+X% per year).

Import Prices by Country

In 2018, the diagnostic equipment import price in Latvia amounted to $X per ton, shrinking by -X% against the previous year. Overall, the diagnostic equipment import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 an increase of X% against the previous year. In that year, the import prices for electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus reached their peak level of $X per ton. From 2009 to 2018, the growth in terms of the import prices for electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus remained at a somewhat lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by South Korea, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform