Latvia: Market for Machine Tools For Working Metal 2019

Market Size for Machine Tools For Working Metal in Latvia

The revenue of the machine-tool for working metal market in Latvia amounted to $X in 2018, reducing 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, machine-tool for working metal consumption continues to indicate a dramatic drop. The pace of growth was the most pronounced in 2014 when the market value increased by X% y-o-y. In that year, the machine-tool for working metal market attained its peak level of $X. From 2015 to 2018, the growth of the machine-tool for working metal market failed to regain its momentum.

Exports of Machine Tools For Working Metal

Exports from Latvia

Machine-tool for working metal exports from Latvia totaled X units in 2018, surging by X% against the previous year. In general, machine-tool for working metal exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, machine-tool for working metal exports attained their peak figure in 2018 and are likely to continue its growth in the immediate term.

In value terms, machine-tool for working metal exports amounted to $X in 2018. In general, machine-tool for working metal exports continue to indicate a drastic shrinkage. The growth pace was the most rapid in 2009 with an increase of X% year-to-year. Over the period under review, machine-tool for working metal exports reached their peak figure at $X in 2014; however, from 2015 to 2018, exports failed to regain their momentum.

Exports by Country

In 2018, China (X units) was the main exporter of machine tools for working metal, generating X% of total exports. Yemen (X units) held the second position in the ranking, followed by the United Arab Emirates (X units). All these countries together held approx. X% share of total exports. The following exporters - Italy (X units), Oman (X units), Japan (X units), Jordan (X units), Taiwan, Chinese (X units), the UK (X units), Germany (X units), the U.S. (X units) and Slovakia (X units) - together made up X% of total exports.

From 2007 to 2018, average annual rates of growth with regard to machine-tool for working metal exports from China stood at +X%. At the same time, Oman (+X%), Jordan (+X%), Yemen (+X%), the United Arab Emirates (+X%), Slovakia (+X%) and Taiwan, Chinese (+X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Italy and the U.S. experienced a relatively flat trend pattern. By contrast, the UK (-X%), Germany (-X%) and Japan (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.), Yemen (+X p.p.), the United Arab Emirates (+X p.p.), Oman (+X p.p.), Jordan (+X p.p.), Slovakia (+X p.p.) and Taiwan, Chinese (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of the UK (-X p.p.), Germany (-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, Germany ($X), Italy ($X) and Japan ($X) constituted the countries with the highest levels of exports in 2018, together comprising X% of total exports. These countries were followed by China, the U.S., Taiwan, Chinese, the UK, Slovakia, the United Arab Emirates, Latvia, Yemen, Jordan and Oman, which together accounted for a further X terms of the main exporting countries, Oman 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 machine-tool for working metal export price in Latvia amounted to $X per unit, growing by X% against the previous year. In general, the machine-tool for working metal export price, however, continues to indicate a sharp drop. The pace of growth appeared the most rapid in 2009 when the export price increased by X% y-o-y. In that year, the export prices for machine tools for working metal attained their peak level of $X per unit. From 2010 to 2018, the growth in terms of the export prices for machine tools for working metal failed to regain its momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Germany ($X per unit), while Oman ($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 Machine Tools For Working Metal

Imports into Latvia

In 2018, the amount of machine tools for working metal imported into Latvia amounted to X units, coming down by -X% against the previous year. In general, machine-tool for working metal imports continue to indicate a perceptible decrease. The pace of growth was the most pronounced in 2014 with an increase of X% y-o-y. In that year, machine-tool for working metal imports reached their peak of X units. From 2015 to 2018, the growth of machine-tool for working metal imports remained at a lower figure.

In value terms, machine-tool for working metal imports stood at $X in 2018. Over the period under review, machine-tool for working metal imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. Over the period under review, machine-tool for working metal imports reached their maximum at $X in 2008; however, from 2009 to 2018, imports stood at a somewhat lower figure.

Imports by Country

The Philippines dominates machine-tool for working metal imports structure, accounting for X units, which was approx. X% of total imports in 2018. The following importers - the U.S. (X units), China (X units), Canada (X units), the UK (X units) and Thailand (X units) - together made up X% of total imports.

The Philippines was also the fastest-growing in terms of the machine tools for working metal imports, with a CAGR of +X% from 2007 to 2018. At the same time, China (+X%), the U.S. (+X%) and Canada (+X%) displayed positive paces of growth. Thailand experienced a relatively flat trend pattern. By contrast, the UK (-X%) illustrated a downward trend over the same period. The Philippines (+X p.p.), China (+X p.p.) and the U.S. (+X p.p.) significantly strengthened its position in terms of the global imports, while the UK saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest machine-tool for working metal importing markets into Latvia were China ($X), the U.S. ($X) and Thailand ($X), together comprising X% of total imports. Canada, the UK, the Philippines and Latvia lagged somewhat behind, together accounting for a further X Philippines experienced the highest rates of growth with regard to imports, among the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the machine-tool for working metal import price in Latvia amounted to $X per unit, dropping by -X% against the previous year. In general, the machine-tool for working metal import price continues to indicate a deep descent. The pace of growth was the most pronounced in 2015 when the import price increased by X% year-to-year. Latvia import price peaked at $X per unit in 2011; however, from 2012 to 2018, import prices stood 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 ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform