Latvia - Air Conditioning Machines For Motor Vehicles - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Motor Vehicle Air Conditioning Machine in Latvia - 2023
Contents:
- Price for Motor Vehicle Air Conditioning Machine in Latvia (CIF) - 2022
- Price for Motor Vehicle Air Conditioning Machine in Latvia (FOB) - 2022
- Imports of Motor Vehicle Air Conditioning Machine in Latvia
- Exports of Motor Vehicle Air Conditioning Machine in Latvia
Price for Motor Vehicle Air Conditioning Machine in Latvia (CIF) - 2022
The average import price for air conditioning machines for motor vehicles stood at $780 per unit in 2022, picking up by 6.5% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The growth pace was the most rapid in 2020 an increase of 49%. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($1,118 per unit), while the price for Israel ($662 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+25.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Motor Vehicle Air Conditioning Machine in Latvia (FOB) - 2022
The average export price for air conditioning machines for motor vehicles stood at $557 per unit in 2022, which is down by -19.2% against the previous year. Over the period under review, the export price, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 95%. As a result, the export price reached the peak level of $690 per unit, and then declined sharply in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($2,427 per unit), while the average price for exports to Georgia ($7.6 per unit) was amongst the lowest.
From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+85.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Motor Vehicle Air Conditioning Machine in Latvia
In 2022, imports of air conditioning machines for motor vehicles into Latvia declined significantly to 594 units, with a decrease of -22.9% compared with 2021 figures. Overall, imports showed a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of 66%. Over the period under review, imports hit record highs at 829 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, motor vehicle air conditioning machine imports contracted notably to $463K in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +5.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +38.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 69%. As a result, imports reached the peak of $564K, and then reduced rapidly in the following year.
| Import of Motor Vehicle Air Conditioning Machine in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 2.6 | 26.7 | 141 | 107 | 245.3% |
| United Kingdom | N/A | 4.6 | 125 | 91.0 | 344.8% |
| Israel | 125 | 76.4 | 117 | 90.1 | -10.3% |
| Italy | 2.2 | 15.4 | 2.1 | 47.5 | 178.5% |
| Poland | 38.4 | 40.2 | 45.0 | 44.0 | 4.6% |
| Germany | 69.1 | 13.9 | 55.7 | 32.4 | -22.3% |
| Estonia | 2.5 | 0.9 | 0.2 | 18.1 | 93.5% |
| Finland | 17.1 | 14.5 | 11.5 | 6.4 | -27.9% |
| Denmark | 18.1 | N/A | N/A | N/A | 0% |
| Czech Republic | 108 | N/A | 43.5 | N/A | -36.5% |
| Others | 16.9 | 141 | 22.7 | 26.4 | 16.0% |
| Total | 400 | 334 | 564 | 463 | 5.0% |
Top Suppliers of Motor Vehicle Air Conditioning Machine to Latvia in 2022:
- Israel (136.0 units)
- United Kingdom (131.0 units)
- France (103.0 units)
- Italy (63.0 units)
- Poland (45.0 units)
- Germany (29.0 units)
- Estonia (23.0 units)
- Finland (10.0 units)
- Czech Republic (1.0 units)
Exports of Motor Vehicle Air Conditioning Machine in Latvia
In 2022, overseas shipments of air conditioning machines for motor vehicles decreased by -57.1% to 306 units for the first time since 2018, thus ending a three-year rising trend. Overall, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of 71% against the previous year. As a result, the exports attained the peak of 714 units, and then contracted sharply in the following year.
In value terms, motor vehicle air conditioning machine exports reduced markedly to $171K in 2022. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 395% against the previous year. Over the period under review, the exports reached the peak figure at $493K in 2021, and then reduced rapidly in the following year.
| Export of Motor Vehicle Air Conditioning Machine in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Norway | 64.8 | 61.2 | 52.2 | -10.2% | |
| Russia | N/A | N/A | 47.5 | 0% | |
| Poland | 2.8 | 52.1 | 36.4 | 260.6% | |
| Belgium | N/A | 5.7 | 7.2 | 26.3% | |
| Estonia | 2.2 | 4.8 | 3.7 | 29.7% | |
| Lithuania | 56.7 | 25.9 | 0.5 | -90.6% | |
| United Kingdom | N/A | 126 | 0.2 | -99.8% | |
| Georgia | N/A | N/A | 0.1 | 0% | |
| Tajikistan | N/A | 0.4 | N/A | 0% | |
| Argentina | N/A | 24.3 | N/A | 0% | |
| Australia | N/A | 147 | N/A | 0% | |
| Ukraine | 1.0 | N/A | N/A | 0% | |
| Others | 19.7 | 45.3 | 22.8 | 7.6% | |
| Total | 147 | 493 | 171 | 7.9% | |
Top Export Markets for Motor Vehicle Air Conditioning Machine from Latvia in 2022:
- Norway (178.0 units)
- Russia (64.0 units)
- Poland (15.0 units)
- Georgia (7.0 units)
- Estonia (5.0 units)
- Belgium (5.0 units)
- Lithuania (2.0 units)
- United Kingdom (1.0 units)
This report provides an in-depth analysis of the market for motor vehicle air conditioning machine in Latvia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28251240 - Air conditioning machines of a kind used in motor vehicles
Country coverage:
- Latvia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Latvia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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