Latvia: Transmission Apparatus Market 2020

Transmission Apparatus Market Size in Latvia

The revenue of the transmission apparatus market in Latvia amounted to $X in 2018, reducing by -X% against the previous year. In general, transmission apparatus consumption continues to indicate a deep deduction. The growth pace was the most rapid in 2014 when the market value increased by X% year-to-year. Latvia transmission apparatus consumption peaked at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Transmission Apparatus Production in Latvia

In value terms, transmission apparatus production amounted to $X in 2018 estimated in export prices. Overall, transmission apparatus production continues to indicate a deep deduction. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Latvia transmission apparatus production peaked at $X in 2007; however, from 2008 to 2018, production remained at a lower figure.

Transmission Apparatus Exports

Exports from Latvia

In 2018, approx. X units of transmission apparatus incorporating reception apparatus were exported from Latvia; going down by -X% against the previous year. In general, transmission apparatus exports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, transmission apparatus exports attained their maximum at X units in 2013; however, from 2014 to 2018, exports failed to regain their momentum.

In value terms, transmission apparatus exports stood at $X in 2018. Overall, transmission apparatus exports, however, continue to indicate skyrocketing growth. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. Latvia exports peaked at $X in 2015; however, from 2016 to 2018, exports stood at a somewhat lower figure.

Exports by Country

China was the key exporting country with an export of around X units, which resulted at X% of total exports. China, Hong Kong SAR (X units) ranks second in terms of the total exports with a X% share, followed by Vietnam (X%) and India (X%). The U.S. (X units), South Korea (X units) and Slovakia (X units) followed a long way behind the leaders.

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

In value terms, China ($X) remains the largest transmission apparatus supplier from Latvia, comprising X% of global exports. The second position in the ranking was occupied by China, Hong Kong SAR ($X), with a X% share of global exports. It was followed by Vietnam, with a X% share.

In China, transmission apparatus exports increased at an average annual rate of +X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: China, Hong Kong SAR (+X% per year) and Vietnam (+X% per year).

Export Prices by Country

In 2018, the transmission apparatus export price in Latvia amounted to $X per unit, reducing by -X% against the previous year. Overall, the transmission apparatus export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the export price increased by X% y-o-y. Latvia export price peaked at $X per unit in 2017, and then declined slightly in the following year.

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

Transmission Apparatus Imports

Imports into Latvia

In 2018, the imports of transmission apparatus incorporating reception apparatus into Latvia totaled X units, surging by X% against the previous year. Over the period under review, transmission apparatus imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Over the period under review, transmission apparatus imports reached their maximum at X units in 2014; however, from 2015 to 2018, imports remained at a lower figure.

In value terms, transmission apparatus imports totaled $X in 2018. Overall, transmission apparatus imports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2013 when imports increased by X% year-to-year. Latvia imports peaked at $X in 2014; however, from 2015 to 2018, imports stood at a somewhat lower figure.

Imports by Country

China, Hong Kong SAR represented the major importer of transmission apparatus incorporating reception apparatus in the world, with the volume of imports finishing at X units, which was near X% of total imports in 2018. It was distantly followed by the U.S. (X units), constituting a X% share of total imports. India (X units), Mexico (X units), the United Arab Emirates (X units), Japan (X units), Russia (X units), Germany (X units) and Indonesia (X units) held a little share of total imports.

China, Hong Kong SAR was also the fastest-growing in terms of the transmission apparatus incorporating reception apparatus imports, with a CAGR of +X% from 2007 to 2018. At the same time, Japan (+X%), Mexico (+X%), the United Arab Emirates (+X%), India (+X%), Indonesia (+X%), Russia (+X%) and the U.S. (+X%) displayed positive paces of growth. By contrast, Germany (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China, Hong Kong SAR, Mexico, Japan, India, the United Arab Emirates and the U.S. 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 largest transmission apparatus importing markets into Latvia were the U.S. ($X), China, Hong Kong SAR ($X) and Japan ($X), together comprising X% of total imports.

Japan experienced the highest growth rate of imports, among the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The transmission apparatus import price in Latvia stood at $X per unit in 2018, picking up by X% against the previous year. Over the period under review, the transmission apparatus import price continues to indicate a temperate expansion. The most prominent rate of growth was recorded in 2013 when the import price increased by X% year-to-year. Over the period under review, the import prices for transmission apparatus incorporating reception apparatus reached their peak figure in 2018 and is likely to see steady growth in the immediate term.

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