Latvia: Threshing Machinery Market 2020

Threshing Machinery Market Size in Latvia

The revenue of the threshing machinery market in Latvia amounted to $X in 2018, reducing by -X% against the previous year. Overall, threshing machinery consumption continues to indicate a mild downturn. The pace of growth was the most pronounced in 2014 when the market value increased by X% against the previous year. In that year, the threshing machinery market reached its peak level of $X. From 2015 to 2018, the growth of the threshing machinery market failed to regain its momentum.

Threshing Machinery Production in Latvia

In value terms, threshing machinery production totaled $X in 2018 estimated in export prices. Over the period under review, threshing machinery production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. In that year, threshing machinery production attained its peak level of $X. From 2015 to 2018, threshing machinery production growth remained at a lower figure.

Threshing Machinery Exports

Exports from Latvia

In 2018, the amount of threshing machinery except combine harvester-threshers exported from Latvia stood at X units, flattening at the previous year. In general, threshing machinery exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. In that year, threshing machinery exports reached their peak of X units. From 2009 to 2018, the growth of threshing machinery exports remained at a lower figure.

In value terms, threshing machinery exports amounted to $X in 2018. Over the period under review, threshing machinery exports continue to indicate extraordinary growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% y-o-y. In that year, threshing machinery exports attained their peak and are likely to continue its growth in the immediate term.

Exports by Country

Brazil represented the largest exporter of threshing machinery except combine harvester-threshers in the world, with the volume of exports reaching X units, which was near X% of total exports in 2018. It was distantly followed by China (X units), Italy (X units) and India (X units), together mixing up a X% share of total exports. The following exporters - Turkey (X units), Belarus (X units) and Uganda (X units) - together made up X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Uganda (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X), Italy ($X) and Brazil ($X) constituted the countries with the highest levels of exports in 2018, with a combined X% share of total exports. These countries were followed by Turkey, China, India, Latvia and Uganda, which together accounted for a further X experienced the highest rates of growth with regard to exports, in terms of the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The threshing machinery export price in Latvia stood at $X per unit in 2018, surging by X% against the previous year. In general, the threshing machinery export price continues to indicate a skyrocketing expansion. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. In that year, the export prices for threshing machinery except combine harvester-threshers attained their peak level and is likely to continue its growth in the immediate term.

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

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

Threshing Machinery Imports

Imports into Latvia

In 2018, the amount of threshing machinery except combine harvester-threshers imported into Latvia amounted to X units, increasing by X% against the previous year. In general, the total imports indicated a prominent increase 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, threshing machinery imports increased by +X% against 2015 indices. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. In that year, threshing machinery imports reached their peak of X units. From 2010 to 2018, the growth of threshing machinery imports failed to regain its momentum.

In value terms, threshing machinery imports totaled $X in 2018. In general, threshing machinery imports continue to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2015 when imports increased by X% y-o-y. Over the period under review, threshing machinery imports reached their peak figure at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

Imports by Country

Nepal represented the largest importing country with an import of about X units, which recorded X% of total imports. It was distantly followed by Russia (X units) and Panama (X units), together creating a X% share of total imports. Ethiopia (X units), Djibouti (X units), Lao People's Democratic Republic (X units), Thailand (X units), Ukraine (X units) and Democratic People's Republic of Korea (X units) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to threshing machinery imports into Nepal stood at +X%. At the same time, Panama (+X%), Ethiopia (+X%), Djibouti (+X%), Thailand (+X%), Russia (+X%), Lao People's Democratic Republic (+X%), Democratic People's Republic of Korea (+X%) and Ukraine (+X%) displayed positive paces of growth. Moreover, Panama emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Nepal (+X p.p.), Russia (+X p.p.), Panama (+X p.p.), Ethiopia (+X p.p.), Djibouti (+X p.p.), Lao People's Democratic Republic (+X p.p.) and Thailand (+X p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ukraine ($X), Russia ($X) and Nepal ($X) appeared to be the countries with the highest levels of imports in 2018, together comprising X% of total imports.

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

Import Prices by Country

The threshing machinery import price in Latvia stood at $X per unit in 2018, lowering by -X% against the previous year. In general, the threshing machinery import price continues to indicate a dramatic deduction. The pace of growth was the most pronounced in 2015 when the import price increased by X% against the previous year. Latvia import price peaked at $X per unit in 2007; however, from 2008 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 Ukraine ($X per unit), while Panama ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Democratic People's Republic of Korea, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform