Price for Electrical Insulators of Any Material in Latvia - 2023
Contents:
- Price for Electrical Insulators of Any Material in Latvia (CIF) - 2022
- Price for Electrical Insulators of Any Material in Latvia (FOB) - 2022
- Imports of Electrical Insulators of Any Material in Latvia
- Exports of Electrical Insulators of Any Material in Latvia
Price for Electrical Insulators of Any Material in Latvia (CIF) - 2022
The average import price for electrical insulators of any materials stood at $0.3 per unit in 2022, reducing by -25.2% against the previous year. In general, the import price recorded a abrupt slump. The pace of growth appeared the most rapid in 2021 when the average import price increased by 18%. Over the period under review, average import prices hit record highs at $0.7 per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($2.9 per unit), while the price for China ($0.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Electrical Insulators of Any Material in Latvia (FOB) - 2022
The average export price for electrical insulators of any materials stood at $1.3 per unit in 2022, rising by 19% against the previous year. In general, the export price, however, continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2015 an increase of 47%. Over the period under review, the average export prices reached the maximum at $4.1 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($6.3 per unit), while the average price for exports to Estonia ($0.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+22.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Insulators of Any Material in Latvia
In 2022, supplies from abroad of electrical insulators of any materials increased by 96% to 4.8M units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a abrupt curtailment. Imports peaked at 5.9M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, electrical insulators of any material imports soared to $1.5M in 2022. Overall, imports, however, recorded a deep reduction. Imports peaked at $2.3M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Electrical Insulators of Any Material in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 481 | 298 | 95.3 | 505 | 1.6% |
| Russia | 356 | 342 | 257 | 368 | 1.1% |
| Estonia | 129 | 319 | 248 | 201 | 15.9% |
| Turkey | 6.1 | 21.0 | 105 | 71.7 | 127.4% |
| Poland | 201 | 34.6 | 97.6 | 65.1 | -31.3% |
| Lithuania | 134 | 58.5 | 33.3 | 37.3 | -34.7% |
| Austria | 547 | 302 | 1.7 | 1.6 | -85.7% |
| Others | 467 | 307 | 184 | 250 | -18.8% |
| Total | 2,322 | 1,683 | 1,022 | 1,499 | -13.6% |
Top Suppliers of Electrical Insulators of Any Material to Latvia in 2022:
- China (2185.1K units)
- Russia (1483.7K units)
- Estonia (585.0K units)
- Turkey (121.1K units)
- Lithuania (61.6K units)
- Poland (46.3K units)
- Austria (0.5K units)
Exports of Electrical Insulators of Any Material in Latvia
In 2022, shipments abroad of electrical insulators of any materials decreased by -61.7% to 89K units, falling for the second consecutive year after two years of growth. Over the period under review, exports faced a sharp decline. The most prominent rate of growth was recorded in 2020 when exports increased by 34% against the previous year. As a result, the exports reached the peak of 370K units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, electrical insulators of any material exports shrank notably to $120K in 2022. Overall, exports recorded a sharp decline. The most prominent rate of growth was recorded in 2020 with an increase of 47%. As a result, the exports attained the peak of $400K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Electrical Insulators of Any Material in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 182 | 217 | 195 | 52.5 | -33.9% |
| Denmark | N/A | N/A | N/A | 30.8 | 0% |
| Lithuania | 13.1 | 48.6 | 17.1 | 12.0 | -2.9% |
| Belarus | 33.9 | 47.6 | 33.1 | 6.8 | -41.5% |
| Russia | 3.2 | 50.4 | 17.1 | 6.1 | 24.0% |
| Others | 40.9 | 37.2 | 0.7 | 11.5 | -34.5% |
| Total | 273 | 400 | 263 | 120 | -24.0% |
Top Export Markets for Electrical Insulators of Any Material from Latvia in 2022:
- Estonia (74.3K units)
- Denmark (4.9K units)
- Lithuania (3.5K units)
- Russia (2.8K units)
- Belarus (1.4K units)
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