Latvia: Video Monitor Market 2020

Video Monitor Market Size in Latvia

The revenue of the video monitor market in Latvia amounted to $X in 2018, lowering by -X% against the previous year. Overall, video monitor consumption continues to indicate an abrupt drop. The pace of growth appeared the most rapid in 2012 when the market value increased by X% against the previous year. In that year, the video monitor market attained its peak level of $X. From 2013 to 2018, the growth of the video monitor market failed to regain its momentum.

Video Monitor Production in Latvia

In value terms, video monitor production stood at $X in 2018 estimated in export prices. Overall, video monitor production continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2008 when production volume increased by X% y-o-y. Over the period under review, video monitor production reached its maximum level at $X in 2009; however, from 2010 to 2018, production remained at a lower figure.

Video Monitor Exports

Exports from Latvia

In 2018, the amount of video monitors exported from Latvia amounted to X units, going down by -X% against the previous year. Overall, video monitor exports continue to indicate a deep contraction. The growth pace was the most rapid in 2015 when exports increased by X% y-o-y. Latvia exports peaked at X units in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, video monitor exports stood at $X in 2018. In general, video monitor exports continue to indicate a sharp deduction. The pace of growth was the most pronounced in 2015 with an increase of X% year-to-year. Over the period under review, video monitor exports reached their maximum at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

In 2018, China (X units) represented the main exporter of video monitors, mixing up X% of total exports. Japan (X units) occupied a X% share (based on tons) of total exports, which put it in second place, followed by Mexico (X%), Hungary (X%) and the U.S. (X%). South Korea (X units), the Netherlands (X units), the Czech Republic (X units), Singapore (X units), Thailand (X units), Vietnam (X units) and Ireland (X units) took a relatively small share of total exports.

Exports from China decreased at an average annual rate of -X% from 2007 to 2018. At the same time, Vietnam (+X%), Hungary (+X%), Ireland (+X%), Japan (+X%), Mexico (+X%), the U.S. (+X%), Singapore (+X%) and the Czech Republic (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. South Korea experienced a relatively flat trend pattern. By contrast, Thailand (-X%) and the Netherlands (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Japan, Hungary, Mexico, Vietnam and the U.S. increased by +X%, +X%, +X%, +X% and +X% percentage points, while Thailand (-X p.p.), the Netherlands (-X p.p.) and China (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest video monitor supplier from Latvia, comprising X% of global exports. The second position in the ranking was occupied by Mexico ($X), with a X% share of global exports. It was followed by Japan, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in China stood at -X%. In the other countries, the average annual rates were as follows: Mexico (+X% per year) and Japan (+X% per year).

Export Prices by Country

The video monitor export price in Latvia stood at $X per unit in 2018, going down by -X% against the previous year. Overall, the video monitor export price continues to indicate a drastic curtailment. The pace of growth appeared the most rapid in 2010 when the export price increased by X% against the previous year. Latvia export price peaked at $X per unit in 2012; however, from 2013 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Vietnam ($X per unit), while Ireland ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Vietnam (+X% per year), while the other leaders experienced more modest paces of growth.

Video Monitor Imports

Imports into Latvia

In 2018, approx. X units of video monitors were imported into Latvia; dropping by -X% against the previous year. Over the period under review, video monitor imports continue to indicate a drastic descent. The pace of growth appeared the most rapid in 2012 when imports increased by X% against the previous year. In that year, video monitor imports reached their peak of X units. From 2013 to 2018, the growth of video monitor imports remained at a lower figure.

In value terms, video monitor imports amounted to $X in 2018. Overall, video monitor imports continue to indicate a sharp setback. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Latvia imports peaked at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, Mexico (X units), distantly followed by China (X units), the U.S. (X units), Russia (X units), Japan (X units), the Netherlands (X units) and Germany (X units) were the main importers of video monitors, together committing X% of total imports. China, Hong Kong SAR (X units), Malaysia (X units), Thailand (X units), Turkey (X units) and India (X units) followed a long way behind the leaders.

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

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

In the U.S., video monitor imports declined by 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 Russia (+X% per year).

Import Prices by Country

The video monitor import price in Latvia stood at $X per unit in 2018, declining by -X% against the previous year. In general, the video monitor import price continues to indicate a deep curtailment. The most prominent rate of growth was recorded in 2013 an increase of X% y-o-y. Over the period under review, the import prices for video monitors reached their peak figure at $X per unit in 2014; however, from 2015 to 2018, import prices remained at a lower figure.

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

Source: IndexBox Platform