Latvia: Market for Snow-Ploughs And Snow-Blowers 2025

Market Size for Snow-Ploughs And Snow-Blowers in Latvia

The Latvian snow ploughs and blowers market skyrocketed to $X in 2022, with an increase of 72% 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, consumption continues to indicate strong growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Exports of Snow-Ploughs And Snow-Blowers

Exports from Latvia

In 2022, overseas shipments of snow-ploughs and snow-blowers increased by 157% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, continue to indicate a noticeable descent. The growth pace was the most rapid in 2021 when exports increased by 317%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, snow ploughs and blowers exports soared to $X in 2022. In general, exports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of 148%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Lithuania (X units) was the main destination for snow ploughs and blowers exports from Latvia, accounting for a 71% share of total exports. Moreover, snow ploughs and blowers exports to Lithuania exceeded the volume sent to the second major destination, Estonia (X units), twofold.

From 2012 to 2022, the average annual growth rate of volume to Lithuania totaled +5.2%.

In value terms, Lithuania ($X) and Estonia ($X) constituted the largest markets for snow ploughs and blowers exported from Latvia worldwide.

In terms of the main countries of destination, Estonia, with a CAGR of -2.3%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the average snow ploughs and blowers export price amounted to $X per unit, waning by -9% against the previous year. Over the period under review, the export price continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2017 when the average export price increased by 166% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($X per unit), while the average price for exports to Lithuania 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 (+3.9%), while the prices for the other major destinations experienced a decline.

Imports of Snow-Ploughs And Snow-Blowers

Imports into Latvia

In 2022, supplies from abroad of snow-ploughs and snow-blowers increased by 88% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports posted moderate growth. The pace of growth was the most pronounced in 2021 with an increase of 515% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, snow ploughs and blowers imports skyrocketed to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 416%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The Czech Republic (X units), Sweden (X units) and Poland (X units) were the main suppliers of snow ploughs and blowers imports to Latvia, with a combined 61% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +35.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest snow ploughs and blowers suppliers to Latvia were Estonia ($X), the Czech Republic ($X) and Sweden ($X), together accounting for 56% of total imports.

The Czech Republic, with a CAGR of +47.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average snow ploughs and blowers import price amounted to $X per unit, which is down by -11.6% against the previous year. In general, the import price recorded a noticeable descent. The most prominent rate of growth was recorded in 2019 when the average import price increased by 89% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a 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 Estonia ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform