Latvia: Pump For Liquid Market 2020

Pump For Liquid Market Size in Latvia

The revenue of the pump for liquid market in Latvia amounted to $X in 2018, growing 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, pump for liquid consumption, however, continues to indicate a mild deduction. The most prominent rate of growth was recorded in 2011 when the market value increased by X% year-to-year. Latvia pump for liquid consumption peaked at $X in 2012; however, from 2013 to 2018, consumption failed to regain its momentum.

Pump For Liquid Exports

Exports from Latvia

Pump for liquid exports from Latvia amounted to X units in 2018, declining by -X% against the previous year. Over the period under review, pump for liquid exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. In that year, pump for liquid exports attained their peak of X units. From 2011 to 2018, the growth of pump for liquid exports failed to regain its momentum.

In value terms, pump for liquid exports stood at $X in 2018. Over the period under review, the total exports indicated a buoyant expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, pump for liquid exports increased by +X% against 2014 indices. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. In that year, pump for liquid exports attained their peak of $X, and then declined slightly in the following year.

Exports by Country

China was the key exporter of pumps for liquids and liquid elevators in the world, with the volume of exports recording X units, which was approx. X% of total exports in 2018. Mexico (X units) took a X% share (based on tons) of total exports, which put it in second place, followed by Germany (X%). Italy (X units), South Korea (X units), the UK (X units) and the Czech Republic (X units) took a minor share of total exports.

China was also the fastest-growing in terms of the pumps for liquids and liquid elevators exports, with a CAGR of +X% from 2007 to 2018. At the same time, South Korea (+X%), the Czech Republic (+X%), the UK (+X%), Mexico (+X%), Italy (+X%) and Germany (+X%) displayed positive paces of growth. From 2007 to 2018, the share of China and Mexico increased by +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest pump for liquid markets from Latvia were Germany ($X), China ($X) and Italy ($X), with a combined X% share of total exports.

China experienced 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 pump for liquid export price in Latvia amounted to $X per unit, reducing by -X% against the previous year. Over the period under review, the pump for liquid export price continues to indicate a drastic shrinkage. The growth pace was the most rapid in 2012 an increase of X% y-o-y. In that year, the export prices for pumps for liquids and liquid elevators attained their peak level of $X per unit. From 2013 to 2018, the growth in terms of the export prices for pumps for liquids and liquid elevators 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 the Czech Republic ($X per unit), while China ($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 export price figures.

Pump For Liquid Imports

Imports into Latvia

In 2018, the amount of pumps for liquids and liquid elevators imported into Latvia totaled X units, remaining constant against the previous year. Over the period under review, the total imports indicated slight growth from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, pump for liquid imports increased by +X% against 2013 indices. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, pump for liquid imports attained their peak figure at X units in 2011; however, from 2012 to 2018, imports stood at a somewhat lower figure.

In value terms, pump for liquid imports totaled $X in 2018. In general, pump for liquid imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Latvia imports peaked at $X in 2012; however, from 2013 to 2018, imports stood at a somewhat lower figure.

Imports by Country

The U.S. represented the largest importer of pumps for liquids and liquid elevators in the world, with the volume of imports amounting to X units, which was approx. X% of total imports in 2018. Germany (X units) ranks second in terms of the total imports with a X% share, followed by the UK (X%). Canada (X units), Russia (X units), Hungary (X units), Mexico (X units), Italy (X units), Poland (X units), the Czech Republic (X units) and Greece (X units) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to pump for liquid imports into the U.S. stood at +X%. At the same time, Hungary (+X%), Greece (+X%), Russia (+X%), Germany (+X%), the Czech Republic (+X%), the UK (+X%), Italy (+X%) and Canada (+X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Poland experienced a relatively flat trend pattern. By contrast, Mexico (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of the U.S., Germany, the UK, Hungary, Russia and Italy increased by +X%, +X%, +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported pumps for liquids and liquid elevators into Latvia, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by Canada, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in the U.S. totaled +X%. In the other countries, the average annual rates were as follows: Germany (+X% per year) and Canada (+X% per year).

Import Prices by Country

The pump for liquid import price in Latvia stood at $X per unit in 2018, growing by X% against the previous year. Overall, the pump for liquid import price, however, continues to indicate a mild descent. The pace of growth appeared the most rapid in 2011 an increase of X% year-to-year. Over the period under review, the import prices for pumps for liquids and liquid elevators reached their maximum at $X per unit in 2013; however, from 2014 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 Mexico ($X per unit), while Greece ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform