Latvia: Metal Treating Machine Market 2025

Metal Treating Machine Market Size in Latvia

The Latvian metal treating machine market contracted rapidly to $X in 2022, which is down by X% against the previous year. Overall, consumption recorded a deep setback. Metal treating machine consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Metal Treating Machine Production in Latvia

In value terms, metal treating machine production rose to $X in 2022 estimated in export price. Over the period under review, production enjoyed a slight increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Metal Treating Machine Exports

Exports from Latvia

In 2022, metal treating machine exports from Latvia skyrocketed to X units, picking up by X% against 2021 figures. Over the period under review, exports saw a significant expansion. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, metal treating machine exports soared to $X in 2022. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Russia (X units) was the main destination for metal treating machine exports from Latvia, with a X% share of total exports. Moreover, metal treating machine exports to Russia exceeded the volume sent to the second major destination, the United States (X units), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia totaled X%.

In value terms, the largest markets for metal treating machine exported from Latvia were Russia ($X) and the United States ($X).

In terms of the main countries of destination, Russia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the average metal treating machine export price amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the export price saw a precipitous decrease. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Russia amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%).

Metal Treating Machine Imports

Imports into Latvia

Metal treating machine imports into Latvia fell markedly to X units in 2022, with a decrease of X% compared with the previous year's figure. Overall, imports showed a sharp downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, metal treating machine imports reduced notably to $X in 2022. In general, imports showed a precipitous decline. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Finland (X units), China (X units) and France (X units) were the main suppliers of metal treating machine imports to Latvia, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Finland ($X) constituted the largest supplier of machines for treating metal, having individual functions to Latvia, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Finland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the average metal treating machine import price amounted to $X per unit, rising by X% against the previous year. Overall, the import price, however, showed a deep reduction. The most prominent rate of growth was recorded in 2020 an increase of X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform