Latvia: Market for Lathes For Removing Metal 2019

Market Size for Lathes For Removing Metal in Latvia

The revenue of the lathe for removing metal 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, lathe for removing metal consumption continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2017 when the market value increased by X% year-to-year. In that year, the lathe for removing metal market attained its peak level of $X, and then declined slightly in the following year.

Exports of Lathes For Removing Metal

Exports from Latvia

In 2018, the amount of lathes for removing metal exported from Latvia stood at X units, reducing by -X% against the previous year. Over the period under review, lathe for removing metal exports continue to indicate a drastic setback. The pace of growth was the most pronounced in 2010 when exports increased by X% year-to-year. Over the period under review, lathe for removing metal exports reached their peak figure at X units in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, lathe for removing metal exports stood at $X in 2018. Over the period under review, lathe for removing metal exports continue to indicate an abrupt descent. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, lathe for removing metal exports attained their maximum at $X in 2007; however, from 2008 to 2018, exports remained at a lower figure.

Exports by Country

In 2018, New Zealand (X units), distantly followed by Taiwan, Chinese (X units), India (X units), China (X units), Japan (X units), Portugal (X units) and South Korea (X units) were the major exporters of lathes for removing metal, together committing X% of total exports. The U.S. (X units), the UK (X units), Belgium (X units), Germany (X units) and Singapore (X units) followed a long way behind the leaders.

New Zealand was also the fastest-growing in terms of the lathes for removing metal exports, with a CAGR of +X% from 2007 to 2018. At the same time, Portugal (+X%) and Belgium (+X%) displayed positive paces of growth. By contrast, South Korea (-X%), India (-X%), the U.S. (-X%), Singapore (-X%), Germany (-X%), the UK (-X%), Taiwan, Chinese (-X%), China (-X%) and Japan (-X%) illustrated a downward trend over the same period. While the share of New Zealand (+X p.p.), Portugal (+X p.p.) and Belgium (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of the U.S. (-X p.p.), India (-X p.p.), Singapore (-X p.p.), Germany (-X p.p.), the UK (-X p.p.), China (-X p.p.), Taiwan, Chinese (-X p.p.) and Japan (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X), Germany ($X) and South Korea ($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 Taiwan, Chinese, China, Belgium, the U.S., the UK, Singapore, India, Latvia, Portugal and New Zealand, which together accounted for a further X terms of the main exporting countries, China experienced the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the lathe for removing metal export price in Latvia amounted to $X per unit, jumping by X% against the previous year. Over the period under review, the lathe for removing metal export price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2012 when the export price increased by X% y-o-y. Latvia export price peaked in 2018 and is expected to retain its growth in the near future.

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

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

Imports of Lathes For Removing Metal

Imports into Latvia

In 2018, the imports of lathes for removing metal into Latvia totaled X units, increasing by X% against the previous year. Overall, lathe for removing metal imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, lathe for removing metal imports reached their maximum in 2018 and are likely to continue its growth in the near future.

In value terms, lathe for removing metal imports amounted to $X in 2018. Overall, lathe for removing metal imports continue to indicate moderate growth. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. In that year, lathe for removing metal imports reached their peak of $X, and then declined slightly in the following year.

Imports by Country

Saudi Arabia prevails in lathe for removing metal imports structure, accounting for X units, which was approx. X% of total imports in 2018. It was distantly followed by the Philippines (X units), comprising a X% share of total imports. The following importers - Uganda (X units) and Germany (X units) - each finished at a X% share of total imports.

Imports into Saudi Arabia increased at an average annual rate of +X% from 2007 to 2018. At the same time, Uganda (+X%) and the Philippines (+X%) displayed positive paces of growth. Moreover, Uganda emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, Germany (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Saudi Arabia, the Philippines and Uganda increased by +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported lathes for removing metal into Latvia, comprising X% of global imports. The second position in the ranking was occupied by the Philippines ($X), with a X% share of global imports. It was followed by Saudi Arabia, with a X% share.

In Germany, lathe for removing metal imports plunged by an average annual rate of -X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: the Philippines (+X% per year) and Saudi Arabia (+X% per year).

Import Prices by Country

In 2018, the lathe for removing metal import price in Latvia amounted to $X per unit, lowering by -X% against the previous year. Over the period under review, the lathe for removing metal import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by X% against the previous year. In that year, the import prices for lathes for removing metal attained their peak level of $X per unit. From 2015 to 2018, the growth in terms of the import prices for lathes for removing metal failed to regain its momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Germany ($X per unit), while Uganda ($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 a decline in the import price figures.

Source: IndexBox Platform