Latvia: Test And Measurement Market 2020

Test And Measurement Market Size in Latvia

The revenue of the test and measurement market in Latvia amounted to $X in 2018, surging by X% against the previous year. Overall, test and measurement consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the market value increased by X% against the previous year. Over the period under review, the test and measurement market reached its maximum level in 2018 and is expected to retain its growth in the near future.

Test And Measurement Production in Latvia

In value terms, test and measurement production totaled $X in 2018 estimated in export prices. Over the period under review, test and measurement production continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Latvia test and measurement production peaked at $X in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.

Test And Measurement Exports

Exports from Latvia

Test and measurement exports from Latvia amounted to X units in 2018, lowering by -X% against the previous year. Overall, test and measurement exports continue to indicate a dramatic decline. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, test and measurement exports reached their peak figure at X units in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, test and measurement exports totaled $X in 2018. In general, test and measurement exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. Over the period under review, test and measurement exports reached their peak figure at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

The exports of the three major exporters of instruments and apparatus for measuring or checking pressure of liquids or gasses, namely Mexico, Malaysia and China, represented more than third of total export. The UK (X units) occupied a X% share (based on tons) of total exports, which put it in second place, followed by Germany (X%) and the U.S. (X%). Japan (X units), the Netherlands (X units), Poland (X units), Taiwan, Chinese (X units), Switzerland (X units) and Italy (X units) followed a long way behind the leaders.

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

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

China recorded the highest rates of growth with regard to exports, in terms of the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the test and measurement export price in Latvia amounted to $X per unit, waning by -X% against the previous year. Overall, the test and measurement export price, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2012 when the export price increased by X% year-to-year. Latvia export price peaked at $X per unit in 2013; however, from 2014 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

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

Test And Measurement Imports

Imports into Latvia

In 2018, the amount of instruments and apparatus for measuring or checking pressure of liquids or gasses imported into Latvia stood at X units, remaining stable against the previous year. Overall, test and measurement imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2012 when imports increased by X% year-to-year. Over the period under review, test and measurement imports reached their maximum at X units in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

In value terms, test and measurement imports stood at $X in 2018. In general, test and measurement imports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2012 with an increase of X% year-to-year. In that year, test and measurement imports attained their peak of $X. From 2013 to 2018, the growth of test and measurement imports failed to regain its momentum.

Imports by Country

The U.S. (X units) and Germany (X units) represented roughly X% of total imports of instruments and apparatus for measuring or checking pressure of liquids or gasses in 2018. China (X units) held the next position in the ranking, followed by Mexico (X units), France (X units) and Japan (X units). All these countries together held approx. X% share of total imports. Singapore (X units), Italy (X units), the Netherlands (X units), Spain (X units), Poland (X units) and the UK (X units) held a relatively small 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 Singapore, while the other leaders experienced more modest paces of growth.

In value terms, the largest test and measurement importing markets into Latvia were the U.S. ($X), China ($X) and Germany ($X), together accounting for X% of total imports. These countries were followed by Japan, France, Mexico, the UK, the Netherlands, Italy, Singapore, Spain, Poland and Latvia, which together accounted for a further X recorded the highest rates of growth with regard to 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

The test and measurement import price in Latvia stood at $X per unit in 2018, therefore, remained relatively stable against the previous year. In general, the import price indicated a remarkable increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, test and measurement import price increased by +X% against 2016 indices. The growth pace was the most rapid in 2009 when the import price increased by X% y-o-y. Latvia import price peaked at $X per unit in 2011; however, from 2012 to 2018, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform