Latvia: Market for Machines For Preparing, Weaving And Knitting Textiles 2019

Market Size for Machines For Preparing, Weaving And Knitting Textiles in Latvia

The revenue of the market for machines for preparing, weaving and knitting textiles in Latvia amounted to $X in 2018, jumping by X% against the previous year. Over the period under review, consumption of machines for preparing, weaving and knitting textiles continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2015 when the market value increased by X% y-o-y. In that year, the market for textile weaving and knitting machinery reached its peak level of $X. From 2016 to 2018, the growth of the market for textile weaving and knitting machinery remained at a lower figure.

Production of Machines For Preparing, Weaving And Knitting Textiles in Latvia

In value terms, production of machines for preparing, weaving and knitting textiles totaled $X in 2018 estimated in export prices. Over the period under review, production of machines for preparing, weaving and knitting textiles continues to indicate a perceptible deduction. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, production of machines for preparing, weaving and knitting textiles attained its maximum level at $X in 2007; however, from 2008 to 2018, production failed to regain its momentum.

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports from Latvia

In 2018, approx. X units of machines for preparing, weaving and knitting textiles were exported from Latvia; declining by -X% against the previous year. In general, exports of machines for preparing, weaving and knitting textiles continue to indicate a drastic descent. The pace of growth was the most pronounced in 2008 when exports increased by X% against the previous year. Over the period under review, exports of machines for preparing, weaving and knitting textiles reached their maximum at X units in 2010; however, from 2011 to 2018, exports failed to regain their momentum.

In value terms, exports of machines for preparing, weaving and knitting textiles amounted to $X in 2018. Over the period under review, exports of machines for preparing, weaving and knitting textiles continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Latvia exports peaked at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

In 2018, China (X units), distantly followed by Singapore (X units), Japan (X units), Jordan (X units), Italy (X units) and New Zealand (X units) represented the major exporters of machines for preparing, weaving and knitting textiles, together constituting X% of total exports. The following exporters - India (X units), the UK (X units), Vietnam (X units), the U.S. (X units) and Taiwan, Chinese (X units) - together made up X% 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 Singapore, while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and Italy ($X) constituted the countries with the highest levels of exports in 2018, together comprising X% of total exports. India, Taiwan, Chinese, the U.S., the UK, Vietnam, Singapore, New Zealand, Jordan and Latvia lagged somewhat behind, together accounting for a further X recorded the highest growth rate of exports, in terms of the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the export price for machines for preparing, weaving and knitting textiles in Latvia amounted to $X per unit, declining by -X% against the previous year. Over the period under review, the export price for machines for preparing, weaving and knitting textiles continues to indicate a precipitous downturn. The growth pace was the most rapid in 2017 an increase of X% y-o-y. Latvia export price peaked at $X per unit in 2007; however, from 2008 to 2018, export prices failed to regain their momentum.

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

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

Imports of Machines For Preparing, Weaving And Knitting Textiles

Imports into Latvia

In 2018, the imports of machines for preparing, weaving and knitting textiles into Latvia totaled X units, flattening at the previous year. Over the period under review, imports of machines for preparing, weaving and knitting textiles, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. In that year, imports of machines for preparing, weaving and knitting textiles reached their peak of X units. From 2016 to 2018, the growth of imports of machines for preparing, weaving and knitting textiles remained at a somewhat lower figure.

In value terms, imports of machines for preparing, weaving and knitting textiles amounted to $X in 2018. Over the period under review, imports of machines for preparing, weaving and knitting textiles, however, continue to indicate an abrupt setback. The pace of growth appeared the most rapid in 2012 when imports increased by X% against the previous year. Over the period under review, imports of machines for preparing, weaving and knitting textiles attained their peak figure at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

The UK (X units) and Canada (X units) represented the major importers of machines for preparing, weaving and knitting textiles in 2018, reaching near X% and X% of total imports, respectively. It was distantly followed by India (X units), making up a X% share of total imports. The following importers - Bangladesh (X units), Vietnam (X units), the U.S. (X units), Mexico (X units), South Africa (X units), Germany (X units), Thailand (X units), Greece (X units) and the Netherlands (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 Canada, while the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported machines for preparing, weaving and knitting textiles into Latvia, comprising X% of global imports. The second position in the ranking was occupied by Bangladesh ($X), with a X% share of global imports. It was followed by Vietnam, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in India amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+X% per year) and Vietnam (+X% per year).

Import Prices by Country

The import price for machines for preparing, weaving and knitting textiles in Latvia stood at $X per unit in 2018, falling by -X% against the previous year. Overall, the import price for machines for preparing, weaving and knitting textiles continues to indicate an abrupt decline. The most prominent rate of growth was recorded in 2016 an increase of X% y-o-y. Latvia import price peaked at $X per unit in 2007; however, from 2008 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 India ($X per unit), while Greece ($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 Netherlands, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform