Latvia: Starter Motor Market 2020

Starter Motor Market Size in Latvia

The revenue of the starter motor 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). Overall, starter motor consumption continues to indicate prominent growth. The most prominent rate of growth was recorded in 2011 when the market value increased by X% y-o-y. Over the period under review, the starter motor market reached its peak figure level in 2018 and is expected to retain its growth in the near future.

Starter Motor Exports

Exports from Latvia

In 2018, approx. X tons of starter motors and dual purpose starter generators were exported from Latvia; shrinking by -X% against the previous year. In general, starter motor exports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2012 with an increase of X% y-o-y. Latvia exports peaked at X tons in 2017, and then declined slightly in the following year.

In value terms, starter motor exports stood at $X in 2018. Over the period under review, starter motor exports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2012 when exports increased by X% year-to-year. Over the period under review, starter motor exports reached their maximum at $X in 2017, and then declined slightly in the following year.

Exports by Country

China (X tons), Japan (X tons), Mexico (X tons), the U.S. (X tons), Germany (X tons), Hungary (X tons), Poland (X tons), France (X tons), the Czech Republic (X tons), South Korea (X tons), India (X tons) and the UK (X tons) represented roughly X% of total exports of starter motors and dual purpose starter generators in 2018.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Latvia, while the other leaders experienced more modest paces of growth.

In value terms, the largest starter motor markets from Latvia were the U.S. ($X), Japan ($X) and China ($X), together accounting for X% of total exports. Mexico, Germany, Hungary, Poland, France, India, the UK, South Korea, the Czech Republic and Latvia lagged somewhat behind, together comprising a further X the main exporting countries, Latvia recorded the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The starter motor export price in Latvia stood at $X per ton in 2018, falling by -X% against the previous year. In general, the export price indicated slight growth from 2007 to 2018: its price 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, starter motor export price increased by +X% against 2014 indices. The pace of growth was the most pronounced in 2013 an increase of X% y-o-y. In that year, the export prices for starter motors and dual purpose starter generators attained their peak level of $X per ton. From 2014 to 2018, the growth in terms of the export prices for starter motors and dual purpose starter generators remained at a somewhat lower figure.

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. ($X per ton), while China ($X per ton) was amongst the lowest.

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

Starter Motor Imports

Imports into Latvia

In 2018, the amount of starter motors and dual purpose starter generators imported into Latvia amounted to X tons, growing by X% against the previous year. Overall, starter motor imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, starter motor imports attained their maximum in 2018 and are expected to retain its growth in the immediate term.

In value terms, starter motor imports amounted to $X in 2018. Over the period under review, starter motor imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Over the period under review, starter motor imports reached their maximum in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

The U.S. was the key importer of starter motors and dual purpose starter generators in the world, with the volume of imports resulting at X tons, which was near X% of total imports in 2018. Germany (X tons) occupied a X% share (based on tons) of total imports, which put it in second place, followed by Mexico (X%), France (X%) and the UK (X%). China (X tons), Canada (X tons), the Netherlands (X tons), Russia (X tons), the Czech Republic (X tons), Italy (X tons) and Spain (X tons) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to starter motor imports into the U.S. stood at +X%. At the same time, China (+X%), the Netherlands (+X%), the Czech Republic (+X%), Mexico (+X%), Russia (+X%), Germany (+X%), Spain (+X%), Italy (+X%) and Canada (+X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. The UK experienced a relatively flat trend pattern. By contrast, France (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of the U.S., Mexico, Germany, China, the Netherlands and the Czech Republic 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. ($X) constitutes the largest market for imported starter motors and dual purpose starter generators into Latvia, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by Mexico, with a X% share.

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

Import Prices by Country

In 2018, the starter motor import price in Latvia amounted to $X per ton, lowering by -X% against the previous year. Over the period under review, the starter motor import price continues to indicate a moderate decline. The pace of growth was the most pronounced in 2008 when the import price increased by X% against the previous year. In that year, the import prices for starter motors and dual purpose starter generators attained their peak level of $X per ton. From 2009 to 2018, the growth in terms of the import prices for starter motors and dual purpose starter generators failed to regain its momentum.

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

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

Source: IndexBox Platform