Latvia - Machinery for Filtering or Purifying Gases - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLatvia: Market for Machinery for Filtering or Purifying Gases 2024
Market Size for Machinery for Filtering or Purifying Gases in Latvia
For the third year in a row, the Latvian market for machinery for filtering or purifying gases recorded growth in sales value, which increased by X% to $X in 2023. Over the period under review, consumption continues to indicate a prominent increase. Consumption of peaked at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.
Production of Machinery for Filtering or Purifying Gases in Latvia
In value terms, production of machinery for filtering or purifying gases totaled $X in 2023 estimated in export price. Over the period under review, production, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. Over the period under review, production of hit record highs at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.
Exports of Machinery for Filtering or Purifying Gases
Exports from Latvia
Exports of machinery for filtering or purifying gases from Latvia fell to X units in 2023, which is down by X% against the previous year's figure. Overall, exports saw a abrupt slump. The exports peaked at X units in 2020; however, from 2021 to 2023, the exports failed to regain momentum.
In value terms, exports of machinery for filtering or purifying gases expanded notably to $X in 2023. Over the period under review, exports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.
Exports by Country
Sweden (X units), the United States (X units) and the Netherlands (X units) were the main destinations of exports of machinery for filtering or purifying gases from Latvia, with a combined X% share of total exports. Norway, Finland, France, Russia, Italy, Germany, the Czech Republic, Denmark, Poland and Japan lagged somewhat behind, together accounting for a further X%.
From 2020 to 2023, the biggest increases were recorded for Finland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, the largest markets for machinery for filtering or purifying gases exported from Latvia were Sweden ($X), the United States ($X) and the Netherlands ($X), together accounting for X% of total exports.
The United States, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2023, the average export price for machinery for filtering or purifying gases amounted to $X per unit, declining by X% against the previous year. Over the last three years, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2022 to 2023, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Denmark ($X per unit), while the average price for exports to the Czech Republic ($X per unit) was amongst the lowest.
From 2020 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Machinery for Filtering or Purifying Gases
Imports into Latvia
In 2023, the amount of machinery for filtering or purifying gases imported into Latvia expanded modestly to X units, rising by X% on the year before. Over the period under review, imports, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2022 to 2023, the growth of imports of failed to regain momentum.
In value terms, imports of machinery for filtering or purifying gases soared to $X in 2023. Overall, imports saw a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.
Imports by Country
Germany (X units), Poland (X units) and Lithuania (X units) were the main suppliers of imports of machinery for filtering or purifying gases to Latvia, with a combined X% share of total imports. China, Estonia, Austria, Spain, Sweden, Turkey, Belgium, the United States, Italy and Finland lagged somewhat behind, together accounting for a further X%.
From 2020 to 2023, the biggest increases were recorded for Spain (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest machinery for filtering or purifying gases suppliers to Latvia were Germany ($X), Poland ($X) and Lithuania ($X), together comprising X% of total imports. Austria, China, Estonia, Sweden, Belgium, Finland, the United States, Spain, Italy and Turkey lagged somewhat behind, together accounting for a further X%.
Austria, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2023, the average import price for machinery for filtering or purifying gases amounted to $X per unit, rising by X% against the previous year. Over the last three-year period, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Finland ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.
From 2020 to 2023, the most notable rate of growth in terms of prices was attained by Austria (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for machinery for filtering or purifying gases 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 28251410 - Machinery and apparatus for filtering or purifying air (excluding intake filters for internal combustion engines)
- Prodcom 28251430 - Machinery and apparatus for filtering and purifying gases (other than air and excluding those which operate using a catalytic process, and isotope separators)
- Prodcom 28251440 - Machinery and apparatus for filtering or purifying gases by catalytic process (excluding intake air filters for internal combustion engines, machinery and apparatus for filtering or purifying air)
- Prodcom 28251450 -
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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