Latvia: Market for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) 2019

Market Size for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) in Latvia

The revenue of the market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) in Latvia amounted to $X in 2018, jumping 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, consumption of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. In that year, the market for internal combustion engine (excl. diesel, moto vehicle and aircraft) attained its peak level of $X. From 2015 to 2018, the growth of the market for internal combustion engine (excl. diesel, moto vehicle and aircraft) failed to regain its momentum.

Exports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Exports from Latvia

In 2018, the amount of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) exported from Latvia totaled X units, increasing by X% against the previous year. Overall, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft), however, continue to indicate an abrupt contraction. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. Latvia exports peaked at X units in 2008; however, from 2009 to 2018, exports remained at a lower figure.

In value terms, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) stood at $X in 2018. Over the period under review, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft), however, continue to indicate moderate growth. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) attained their maximum in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

In 2018, China (X units) and the U.S. (X units) were the key exporters of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft)across the globe, together recording approx. X% of total exports. It was distantly followed by Japan (X units), comprising a X% share of total exports. Thailand (X units), Italy (X units) and Belgium (X units) occupied 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 the U.S., while the other leaders experienced a decline in the exports figures.

In value terms, Japan ($X) remains the largest internal combustion engine (excl. diesel, moto vehicle and aircraft) supplier from Latvia, comprising X% of global exports. The second position in the ranking was occupied by China ($X), with a X% share of global exports. It was followed by the U.S., with a X% share.

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

Export Prices by Country

In 2018, the export price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) in Latvia amounted to $X per unit, picking up by X% against the previous year. Overall, the export price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) continues to indicate a prominent increase. The growth pace was the most rapid in 2016 an increase of X% against the previous year. Latvia export price peaked in 2018 and is likely to see steady 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 Japan ($X per unit), while China ($X per unit) was amongst the lowest.

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

Imports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Imports into Latvia

In 2018, approx. X units of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) were imported into Latvia; lowering by -X% against the previous year. In general, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) continue to indicate a deep curtailment. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. In that year, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) reached their peak of X units. From 2015 to 2018, the growth of imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) remained at a lower figure.

In value terms, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) stood at $X in 2018. In general, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X% year-to-year. In that year, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) attained their peak and are likely to continue its growth in the immediate term.

Imports by Country

In 2018, Mexico (X units), followed by Slovakia (X units), Italy (X units), China (X units) and Russia (X units) represented the largest importers of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft), together generating X% of total imports. The following importers - the U.S. (X units), Hungary (X units), Brazil (X units), Australia (X units), Poland (X units), Belgium (X units) and Canada (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 Poland, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constitutes the largest market for imported internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) into Latvia, comprising X% of global imports. The second position in the ranking was occupied by Canada ($X), with a X% share of global imports. It was followed by China, with a X% share.

In the U.S., imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Canada (-X% per year) and China (+X% per year).

Import Prices by Country

In 2018, the import price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) in Latvia amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the import price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) continues to indicate a remarkable expansion. The pace of growth was the most pronounced in 2015 when the import price increased by X% y-o-y. Over the period under review, the import prices for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) reached their peak figure in 2018 and is likely to continue its growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was the U.S. ($X per unit), while Hungary ($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 U.S., while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform