Latvia: Market for Pneumatic Or Hydraulic Hand Tools 2019

Market Size for Pneumatic Or Hydraulic Hand Tools in Latvia

The revenue of the market for pneumatic or hydraulic hand tools in Latvia amounted to $X in 2018, falling by -X% against the previous year. In general, consumption of pneumatic or hydraulic hand tools continues to indicate a drastic reduction. The growth pace was the most rapid in 2012 with an increase of X% year-to-year. Latvia consumption of pneumatic or hydraulic hand tools peaked at $X in 2013; however, from 2014 to 2018, consumption remained at a lower figure.

Production of Pneumatic Or Hydraulic Hand Tools in Latvia

In value terms, production of pneumatic or hydraulic hand tools stood at $X in 2018 estimated in export prices. Overall, production of pneumatic or hydraulic hand tools continues to indicate a drastic deduction. The pace of growth was the most pronounced in 2011 when production volume increased by X% y-o-y. Over the period under review, production of pneumatic or hydraulic hand tools reached its peak figure level at $X in 2017, and then declined slightly in the following year.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from Latvia

In 2018, approx. X units of pneumatic or hydraulic hand tools were exported from Latvia; picking up by X% against the previous year. In general, exports of pneumatic or hydraulic hand tools, however, continue to indicate a deep drop. The pace of growth was the most pronounced in 2015 when exports increased by X% y-o-y. Latvia exports peaked at X units in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, exports of pneumatic or hydraulic hand tools amounted to $X in 2018. Over the period under review, exports of pneumatic or hydraulic hand tools, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when exports increased by X% against the previous year. Latvia exports peaked at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

China was the largest exporting country with an export of about X units, which recorded X% of total exports. It was distantly followed by Taiwan, Chinese (X units), Singapore (X units), Italy (X units) and Germany (X units), together comprising a X% share of total exports. The following exporters - the U.S. (X units), Mexico (X units), Japan (X units) and Sweden (X units) - together made up X% of total exports.

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

In value terms, China ($X), Germany ($X) and Taiwan, Chinese ($X) constituted the countries with the highest levels of exports in 2018, together accounting for X% of total exports.

Among the main exporting countries, China experienced the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2018, the export price for pneumatic or hydraulic hand tools in Latvia amounted to $X per unit, waning by -X% against the previous year. Overall, the export price for pneumatic or hydraulic hand tools, however, continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2010 when the export price increased by X% against the previous year. In that year, the export prices for pneumatic or hydraulic hand tools reached their peak level of $X per unit. From 2011 to 2018, the growth in terms of the export prices for pneumatic or hydraulic hand tools remained at a lower figure.

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

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

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into Latvia

Imports of pneumatic or hydraulic hand tools into Latvia totaled X units in 2018, surging by X% against the previous year. Over the period under review, imports of pneumatic or hydraulic hand tools, however, continue to indicate an abrupt decrease. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Over the period under review, imports of pneumatic or hydraulic hand tools reached their peak figure at X units in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, imports of pneumatic or hydraulic hand tools stood at $X in 2018. In general, imports of pneumatic or hydraulic hand tools, however, continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. In that year, imports of pneumatic or hydraulic hand tools attained their peak of $X. From 2013 to 2018, the growth of imports of pneumatic or hydraulic hand tools failed to regain its momentum.

Imports by Country

In 2018, the U.S. (X units) was the major importer of pneumatic or hydraulic hand tools, comprising X% of total imports. Russia (X units) ranks second in terms of the total imports with a X% share, followed by Canada (X%) and Chile (X%). The following importers - Australia (X units), France (X units), India (X units), Germany (X units), Brazil (X units), Mexico (X units), Singapore (X units) and New Zealand (X units) - together made up X% of total imports.

The U.S. experienced a relatively flat trend pattern of pneumatic or hydraulic hand tools imports. At the same time, Chile (+X%), India (+X%), New Zealand (+X%), Brazil (+X%), Russia (+X%), Singapore (+X%), Australia (+X%) and Mexico (+X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. France and Canada experienced a relatively flat trend pattern. By contrast, Germany (-X%) illustrated a downward trend over the same period. Chile (+X p.p.), Russia (+X p.p.), the U.S. (+X p.p.) and India (+X p.p.) significantly strengthened its position in terms of the global imports, while Germany saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported pneumatic or hydraulic hand tools into Latvia, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by France, with a X% share.

In the U.S., imports of pneumatic or hydraulic hand tools increased at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+X% per year) and France (+X% per year).

Import Prices by Country

In 2018, the import price for pneumatic or hydraulic hand tools in Latvia amounted to $X per unit, dropping by -X% against the previous year. In general, the import price for pneumatic or hydraulic hand tools, however, continues to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. In that year, the import prices for pneumatic or hydraulic hand tools attained their peak level of $X per unit, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Germany ($X per unit), while Chile ($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 more modest paces of growth.

Source: IndexBox Platform