Price for Clock Movements; Complete and Assembled in Latvia - 2023
Contents:
- Price for Clock Movements; Complete and Assembled in Latvia (FOB) - 2022
- Price for Clock Movements; Complete and Assembled in Latvia (CIF) - 2022
- Exports of Clock Movements; Complete and Assembled in Latvia
- Imports of Clock Movements; Complete and Assembled in Latvia
Price for Clock Movements; Complete and Assembled in Latvia (FOB) - 2022
The average export price for clock movements; complete and assembleds stood at $51 per unit in 2022, dropping by -54.5% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 55%. Over the period under review, the average export prices hit record highs at $112 per unit in 2021, and then contracted rapidly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($309 per unit), while the average price for exports to Russia stood at $48 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+115.3%).
Price for Clock Movements; Complete and Assembled in Latvia (CIF) - 2022
The average import price for clock movements; complete and assembleds stood at $18 per unit in 2022, shrinking by -20.2% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 842% against the previous year. The import price peaked at $23 per unit in 2021, and then reduced markedly in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($36 per unit), while the price for Finland ($1.8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+23.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Clock Movements; Complete and Assembled in Latvia
In 2022, the amount of clock movements; complete and assembleds exported from Latvia surged to 210 units, jumping by 2,525% compared with the previous year. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, clock movements; complete and assembled exports surged to $11K in 2022. Overall, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Clock Movements; Complete and Assembled in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | N/A | N/A | 10.1 | 0% |
| Lithuania | N/A | N/A | 0.4 | 0.6 | 50.0% |
| Estonia | N/A | N/A | 0.5 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | N/A | N/A | 0.9 | 10.7 | 1088.9% |
Top Export Markets for Clock Movements; Complete and Assembled from Latvia in 2022:
- Russia (208.0 units)
- Lithuania (2.0 units)
Imports of Clock Movements; Complete and Assembled in Latvia
For the third year in a row, Latvia recorded decline in supplies from abroad of clock movements; complete and assembleds, which decreased by -76.3% to 45 units in 2022. Over the period under review, imports continue to indicate a precipitous shrinkage. Over the period under review, imports attained the maximum at 8.8K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, clock movements; complete and assembled imports contracted rapidly to $824 in 2022. In general, imports recorded a sharp setback. The smallest decline of -2.8% was in 2020. Over the period under review, imports reached the maximum at $5.8K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Clock Movements; Complete and Assembled in Latvia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | N/A | N/A | N/A | 560 | 0% |
| Turkey | N/A | N/A | N/A | 179 | 0% |
| Estonia | N/A | N/A | 465 | 57.0 | -87.7% |
| Finland | 13.0 | 13.0 | 105 | 22.0 | 19.2% |
| Italy | N/A | N/A | 7.0 | 6.0 | -14.3% |
| China | 4,074 | N/A | 123 | N/A | -82.6% |
| Switzerland | 560 | 5,146 | N/A | N/A | 818.9% |
| Germany | 875 | 424 | 361 | N/A | -35.8% |
| Others | 247 | 25.0 | 3,298 | N/A | 265.4% |
| Total | 5,769 | 5,608 | 4,359 | 824 | -47.7% |
Top Suppliers of Clock Movements; Complete and Assembled to Latvia in 2022:
- France (19.0 units)
- Finland (12.0 units)
- Estonia (7.0 units)
- Turkey (5.0 units)
- Italy (2.0 units)
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