Latvia: Seeder And Planter Market 2020

Seeder And Planter Market Size in Latvia

The revenue of the seeder and planter market in Latvia amounted to $X in 2018, lowering 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). In general, seeder and planter consumption continues to indicate a drastic contraction. The pace of growth was the most pronounced in 2011 when the market value increased by X% against the previous year. Latvia seeder and planter consumption peaked at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Seeder And Planter Exports

Exports from Latvia

In 2018, approx. X units of seeders, planters, transplanters were exported from Latvia; falling by -X% against the previous year. Over the period under review, seeder and planter exports continue to indicate a deep curtailment. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. In that year, seeder and planter exports attained their peak of X units. From 2009 to 2018, the growth of seeder and planter exports remained at a somewhat lower figure.

In value terms, seeder and planter exports amounted to $X in 2018. In general, seeder and planter exports continue to indicate a deep shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Latvia exports peaked at $X in 2010; however, from 2011 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, China (X units) was the key exporter of seeders, planters, transplanters, making up X% of total exports. Germany (X units) took the second position in the ranking, followed by the U.S. (X units). All these countries together took near X% share of total exports. The following exporters - Italy (X units), France (X units), Mexico (X units), Canada (X units), Poland (X units), South Africa (X units), Taiwan, Chinese (X units), Sweden (X units) and Ukraine (X units) - together made up X% of total exports.

From 2007 to 2018, average annual rates of growth with regard to seeder and planter exports from China stood at +X%. At the same time, Taiwan, Chinese (+X%), South Africa (+X%), France (+X%), Germany (+X%), Sweden (+X%), Ukraine (+X%), Italy (+X%) and the U.S. (+X%) displayed positive paces of growth. Moreover, Taiwan, Chinese emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Poland experienced a relatively flat trend pattern. By contrast, Canada (-X%) and Mexico (-X%) illustrated a downward trend over the same period. China (+X p.p.), Germany (+X p.p.), France (+X p.p.), Taiwan, Chinese (+X p.p.) and South Africa (+X p.p.) significantly strengthened its position in terms of the global exports, while Canada and Mexico saw its share reduced by -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest seeder and planter markets from Latvia were Germany ($X), the U.S. ($X) and Italy ($X), together accounting for X% of total exports. China, Sweden, France, Canada, Ukraine, Mexico, Poland, Taiwan, Chinese, South Africa and Latvia lagged somewhat behind, together accounting for a further X experienced the highest rates of growth with regard to exports, among the main exporting countries over the last eleven-year period, while the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2018, the seeder and planter export price in Latvia amounted to $X per unit, increasing by X% against the previous year. In general, the seeder and planter export price continues to indicate resilient growth. The most prominent rate of growth was recorded in 2009 when the export price increased by X% y-o-y. In that year, the export prices for seeders, planters, transplanters reached their peak level of $X per unit. From 2010 to 2018, the growth in terms of the export prices for seeders, planters, transplanters 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 U.S. ($X per unit), while South Africa ($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 export price figures.

Seeder And Planter Imports

Imports into Latvia

In 2018, the amount of seeders, planters, transplanters imported into Latvia amounted to X units, declining by -X% against the previous year. Overall, seeder and planter imports continue to indicate a drastic decline. The pace of growth was the most pronounced in 2011 when imports increased by X% against the previous year. Latvia imports peaked at X units in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, seeder and planter imports totaled $X in 2018. Overall, seeder and planter imports continue to indicate a dramatic slump. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, seeder and planter imports attained their peak figure at $X in 2013; however, from 2014 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, the U.S. (X units), distantly followed by the UK (X units), Poland (X units), India (X units) and Canada (X units) represented the major importers of seeders, planters, transplanters, together generating X% of total imports. The following importers - the Czech Republic (X units), Guatemala (X units), Uruguay (X units), France (X units), Russia (X units), Sweden (X units) and Italy (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 Guatemala (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest seeder and planter importing markets into Latvia were Canada ($X), Uruguay ($X) and Russia ($X), together accounting for X% of total imports.

Among the main importing countries, Uruguay recorded the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the seeder and planter import price in Latvia amounted to $X per unit, coming down by -X% against the previous year. Overall, the seeder and planter import price continues to indicate a precipitous curtailment. The pace of growth appeared the most rapid in 2008 when the import price increased by X% year-to-year. Over the period under review, the import prices for seeders, planters, transplanters attained their peak figure at $X per unit in 2014; however, from 2015 to 2018, import prices failed to regain their momentum.

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

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

Source: IndexBox Platform