Latvia: Market for Machine-Tools For Working Wood 2019

Market Size for Machine-Tools For Working Wood in Latvia

The revenue of the machine-tool for working wood market in Latvia amounted to $X in 2018, coming down by -X% against the previous year. In general, machine-tool for working wood consumption, however, continues to indicate a temperate increase. The pace of growth was the most pronounced in 2014 when the market value increased by X% against the previous year. Latvia machine-tool for working wood consumption peaked at $X in 2017, and then declined slightly in the following year.

Production of Machine-Tools For Working Wood in Latvia

In value terms, machine-tool for working wood production amounted to $X in 2018 estimated in export prices. Overall, machine-tool for working wood production continues to indicate a deep decrease. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. In that year, machine-tool for working wood production reached its peak level of $X. From 2014 to 2018, machine-tool for working wood production growth failed to regain its momentum.

Exports of Machine-Tools For Working Wood

Exports from Latvia

In 2018, the amount of machine-tools for working wood exported from Latvia amounted to X units, jumping by X% against the previous year. In general, machine-tool for working wood exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% y-o-y. Over the period under review, machine-tool for working wood exports reached their peak figure at X units in 2016; however, from 2017 to 2018, exports remained at a lower figure.

In value terms, machine-tool for working wood exports amounted to $X in 2018. Overall, machine-tool for working wood exports continue to indicate a moderate contraction. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. In that year, machine-tool for working wood exports reached their peak of $X. From 2012 to 2018, the growth of machine-tool for working wood exports remained at a lower figure.

Exports by Country

China prevails in machine-tool for working wood exports structure, reaching X units, which was approx. X% of total exports in 2018. Taiwan, Chinese (X units) ranks second in terms of the total exports with a X% share, followed by Germany (X%). The following exporters - Italy (X units), Belgium (X units), Slovakia (X units), Australia (X units) and Mexico (X units) - together made up X% of total exports.

China experienced a relatively flat trend pattern of machine-tools for working wood exports. At the same time, Slovakia (+X%), Australia (+X%) and Belgium (+X%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, Germany (-X%), Italy (-X%), Mexico (-X%) and Taiwan, Chinese (-X%) illustrated a downward trend over the same period. While the share of Slovakia (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Mexico (-X p.p.), Italy (-X p.p.), Germany (-X p.p.) and Taiwan, Chinese (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest machine-tool for working wood markets from Latvia were Germany ($X), Italy ($X) and China ($X), with a combined X% share of total exports. These countries were followed by Taiwan, Chinese, Belgium, Mexico, Slovakia, Australia and Latvia, which together accounted for a further X the main exporting countries, Slovakia recorded the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The machine-tool for working wood export price in Latvia stood at $X per unit in 2018, picking up by X% against the previous year. Over the period under review, the machine-tool for working wood export price, however, continues to indicate an abrupt slump. The most prominent rate of growth was recorded in 2017 when the export price increased by X% y-o-y. Over the period under review, the export prices for machine-tools for working wood attained their maximum at $X per unit in 2012; however, from 2013 to 2018, export prices remained at a lower figure.

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

Imports of Machine-Tools For Working Wood

Imports into Latvia

In 2018, the amount of machine-tools for working wood imported into Latvia amounted to X units, lowering by -X% against the previous year. Over the period under review, machine-tool for working wood imports, however, continue to indicate remarkable growth. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, machine-tool for working wood imports reached their maximum at X units in 2017, and then declined slightly in the following year.

In value terms, machine-tool for working wood imports amounted to $X in 2018. Overall, machine-tool for working wood imports, however, continue to indicate a deep decline. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. Over the period under review, machine-tool for working wood imports attained their peak figure at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, the UK (X units), Germany (X units) and Poland (X units) were the major importers of machine-tools for working wood in the world, committing X% of total import. China (X units) occupied the next position in the ranking, followed by France (X units), Egypt (X units) and Spain (X units). All these countries together occupied approx. X% share of total imports. Canada (X units), the Netherlands (X units), Russia (X units), Turkey (X units) and Austria (X units) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Egypt (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest machine-tool for working wood importing markets into Latvia were China ($X), Germany ($X) and Russia ($X), together comprising X% of total imports. France, Poland, the UK, Canada, Austria, Spain, the Netherlands, Turkey, Latvia and Egypt lagged somewhat behind, together accounting for a further X terms of the main importing countries, Egypt recorded the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The machine-tool for working wood import price in Latvia stood at $X per unit in 2018, going up by X% against the previous year. Overall, the machine-tool for working wood import price, however, continues to indicate a drastic curtailment. The pace of growth was the most pronounced in 2015 an increase of X% year-to-year. Over the period under review, the import prices for machine-tools for working wood attained their maximum 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 Russia ($X per unit), while Egypt ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform