Latvia: Integrated Circuit Market 2020

Integrated Circuit Market Size in Latvia

The revenue of the integrated circuit market in Latvia amounted to $X in 2018, going down by -X% against 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). Over the period under review, integrated circuit consumption, however, continues to indicate prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. In that year, the integrated circuit market attained its peak level of $X, and then declined slightly in the following year.

Integrated Circuit Exports

Exports from Latvia

In 2018, approx. X units of electronic integrated circuits and microassemblies were exported from Latvia; dropping by -X% against the previous year. Over the period under review, integrated circuit exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. In that year, integrated circuit exports attained their peak of X units. From 2016 to 2018, the growth of integrated circuit exports failed to regain its momentum.

In value terms, integrated circuit exports totaled $X in 2018. In general, integrated circuit exports, however, continue to indicate a measured increase. The growth pace was the most rapid in 2018 when exports increased by X% y-o-y. In that year, integrated circuit exports reached their peak and are likely to continue its growth in the immediate term.

Exports by Country

In 2018, Singapore (X units), China, Hong Kong SAR (X units), China (X units) and Taiwan, Chinese (X units) were the key exporters of electronic integrated circuits and microassemblies in the world, achieving X% of total export. Japan (X units), Malaysia (X units), Thailand (X units), the Philippines (X units), South Korea (X units) and Germany (X units) occupied 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 China, while the other leaders experienced more modest paces of growth.

In value terms, the largest integrated circuit markets from Latvia were Taiwan, Chinese ($X), China, Hong Kong SAR ($X) and China ($X), together accounting for X% of total exports.

China experienced the highest growth rate of exports, in terms of the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the integrated circuit export price in Latvia amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the integrated circuit export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the export price increased by X% y-o-y. Over the period under review, the export prices for electronic integrated circuits and microassemblies reached their maximum at $X per unit in 2014; however, from 2015 to 2018, export prices failed to regain their momentum.

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

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

Integrated Circuit Imports

Imports into Latvia

In 2018, the integrated circuit imports into Latvia stood at X units, dropping by -X% against the previous year. Over the period under review, integrated circuit imports, however, continue to indicate outstanding growth. The pace of growth was the most pronounced in 2015 with an increase of X% year-to-year. In that year, integrated circuit imports reached their peak of X units. From 2016 to 2018, the growth of integrated circuit imports remained at a lower figure.

In value terms, integrated circuit imports amounted to $X in 2018. Over the period under review, integrated circuit imports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Over the period under review, integrated circuit imports reached their maximum in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

In 2018, China (X units) and China, Hong Kong SAR (X units) represented the major importers of electronic integrated circuits and microassembliesacross the globe, together reaching approx. X% of total imports. Singapore (X units) held a X% share (based on tons) of total imports, which put it in second place, followed by Taiwan, Chinese (X%) and South Korea (X%). Malaysia (X units), the U.S. (X units), the Philippines (X units), Thailand (X units) and Japan (X units) held a little share 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 Latvia, while the other leaders experienced more modest paces of growth.

In value terms, China ($X), China, Hong Kong SAR ($X) and Singapore ($X) were the countries with the highest levels of imports in 2018, with a combined X% share of total imports. These countries were followed by Taiwan, Chinese, the U.S., South Korea, Malaysia, Japan, Thailand, the Philippines and Latvia, which together accounted for a further X experienced the highest growth rate of imports, in terms of the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the integrated circuit import price in Latvia amounted to $X per unit, rising by X% against the previous year. In general, the integrated circuit import price, however, continues to indicate an abrupt setback. The pace of growth appeared the most rapid in 2016 when the import price increased by X% against the previous year. Latvia import price peaked at $X per unit in 2008; however, from 2009 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Singapore, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform