Price for Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles in Latvia - 2023
Contents:
- Price for Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles in Latvia (FOB) - 2023
- Price for Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles in Latvia (CIF) - 2022
- Exports of Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles in Latvia
- Imports of Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles in Latvia
Price for Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles in Latvia (FOB) - 2023
In December 2023, the average export price for road-sweepers, mobile workshops and other special purpose vehicles amounted to $113K per unit, reducing by -13.9% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 an increase of 16% against the previous month. The export price peaked at $132K per unit in October 2023; afterwards, it flattened through to December 2023.
There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was Serbia ($191K per unit), while the average price for exports to Belarus ($7,378 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles in Latvia (CIF) - 2022
In 2022, the average import price for road-sweepers, mobile workshops and other special purpose vehicles amounted to $89,660 per unit, with an increase of 9.5% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 54% against the previous year. As a result, import price attained the peak level of $136,978 per unit. From 2020 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($130,482 per unit), while the price for the Netherlands ($38,648 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+23.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles in Latvia
Exports of road-sweepers, mobile workshops and other special purpose vehicles from Latvia soared to 903 units in 2022, jumping by 17% compared with 2021 figures. Over the period under review, exports, however, continue to indicate a slight downturn. The exports peaked at 940 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of road-sweepers, mobile workshops and other special purpose vehicles rose sharply to $90M in 2022. The total export value increased at an average annual rate of +3.5% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 7.1 | 6.9 | 9.1 | 14.5 | 26.9% |
| France | 13.2 | 12.7 | 12.2 | 10.9 | -6.2% |
| United Kingdom | 10.5 | 8.9 | 11.2 | 10.1 | -1.3% |
| Germany | 9.1 | 9.2 | 9.4 | 9.9 | 2.8% |
| Italy | 5.6 | 8.3 | 9.0 | 7.4 | 9.7% |
| Switzerland | 4.3 | 5.0 | 5.8 | 6.5 | 14.8% |
| Israel | 1.0 | 0.8 | 4.4 | 5.9 | 80.7% |
| United States | 0.2 | 2.4 | 2.3 | 4.6 | 184.4% |
| Denmark | 0.3 | 0.5 | 0.6 | 3.1 | 117.8% |
| Finland | 1.4 | 1.3 | 1.0 | 1.7 | 6.7% |
| Sweden | 2.9 | 1.4 | 1.4 | 1.4 | -21.6% |
| Netherlands | 2.1 | 1.2 | 1.4 | 1.4 | -12.6% |
| Australia | 1.4 | 1.5 | 1.9 | 0.7 | -20.6% |
| Others | 21.9 | 10.9 | 9.0 | 11.9 | -18.4% |
| Total | 81.0 | 71.0 | 78.8 | 89.8 | 3.5% |
Top Export Markets for Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles from Latvia in 2022:
- United Kingdom (123.0 units)
- Spain (122.0 units)
- France (108.0 units)
- Germany (101.0 units)
- Italy (78.0 units)
- Israel (58.0 units)
- Denmark (53.0 units)
- Switzerland (45.0 units)
- United States (37.0 units)
- Finland (17.0 units)
- Sweden (13.0 units)
- Netherlands (12.0 units)
- Australia (10.0 units)
Imports of Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles in Latvia
In 2022, imports of road-sweepers, mobile workshops and other special purpose vehicles into Latvia soared to 97 units, increasing by 23% compared with the year before. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +14.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +83.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 49%. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of road-sweepers, mobile workshops and other special purpose vehicles soared to $8.7M in 2022. In general, imports, however, saw a relatively flat trend pattern. Over the period under review, imports of hit record highs at $8.8M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 627 | 1,406 | 2,302 | 3,135 | 71.0% |
| Lithuania | 974 | 28.1 | 642 | 1,827 | 23.3% |
| Germany | 1,831 | 518 | 1,184 | 1,340 | -9.9% |
| Denmark | 910 | N/A | 182 | 600 | -13.0% |
| Finland | 492 | N/A | 184 | 438 | -3.8% |
| Estonia | 119 | 367 | 299 | 384 | 47.8% |
| Poland | 249 | 415 | 460 | 350 | 12.0% |
| United Kingdom | 91.8 | N/A | 138 | 236 | 37.0% |
| Netherlands | 65.1 | 81.4 | 78.5 | 77.3 | 5.9% |
| Sweden | 274 | 215 | 775 | 45.1 | -45.2% |
| Norway | 17.4 | 20.1 | 47.6 | 10.1 | -16.6% |
| Croatia | 297 | N/A | 9.2 | N/A | -82.4% |
| France | 75.3 | 1,114 | 19.1 | N/A | -49.6% |
| Others | 2,743 | 1,044 | 149 | 255 | -54.7% |
| Total | 8,767 | 5,208 | 6,470 | 8,697 | -0.3% |
Top Suppliers of Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles to Latvia in 2022:
- Italy (33.0 units)
- Germany (19.0 units)
- Lithuania (14.0 units)
- Denmark (7.0 units)
- Estonia (6.0 units)
- United Kingdom (5.0 units)
- Finland (4.0 units)
- Poland (3.0 units)
- Netherlands (2.0 units)
- Sweden (1.0 units)
- Norway (1.0 units)
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