Price for Cycles; Parts Thereof, Saddles in Latvia - 2023
Contents:
- Price for Cycles; Parts Thereof, Saddles in Latvia (CIF) - 2022
- Price for Cycles; Parts Thereof, Saddles in Latvia (FOB) - 2022
- Imports of Cycles; Parts Thereof, Saddles in Latvia
- Exports of Cycles; Parts Thereof, Saddles in Latvia
Price for Cycles; Parts Thereof, Saddles in Latvia (CIF) - 2022
The average cycles; parts thereof, saddles import price stood at $9.4 per unit in 2022, which is down by -5.3% against the previous year. Over the period from 2020 to 2022, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 12%. As a result, import price attained the peak level of $9.9 per unit, and then shrank 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 Italy ($27 per unit), while the price for Slovakia ($4.9 per unit) was amongst the lowest.
From 2020 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+42.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cycles; Parts Thereof, Saddles in Latvia (FOB) - 2022
In 2022, the average cycles; parts thereof, saddles export price amounted to $5.8 per unit, shrinking by -39.9% against the previous year. Over the period under review, the export price, however, showed prominent growth. The growth pace was the most rapid in 2013 an increase of 71%. Over the period under review, the average export prices hit record highs at $24 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($6 per unit), while the average price for exports to the Czech Republic ($4.8 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 Azerbaijan (+107.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cycles; Parts Thereof, Saddles in Latvia
In 2022, after three years of growth, there was significant decline in overseas purchases of cycles; parts thereof, saddleses, when their volume decreased by -6.9% to 11K units. In general, imports, however, enjoyed buoyant growth. The growth pace was the most rapid in 2021 when imports increased by 22%. As a result, imports reached the peak of 12K units, and then contracted in the following year.
In value terms, cycles; parts thereof, saddles imports shrank to $108K in 2022. Over the period under review, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 139%. Over the period under review, imports attained the peak figure at $122K in 2021, and then fell in the following year.
| Import of Cycles; Parts Thereof, Saddles in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Italy | 29.7 | 25.8 | 21.4 | -15.1% | |
| Slovakia | N/A | 0.1 | 20.0 | 19900.0% | |
| Netherlands | 11.1 | 14.8 | 19.3 | 31.9% | |
| Poland | 7.7 | 20.7 | 15.1 | 40.0% | |
| Germany | 6.7 | 16.2 | 8.3 | 11.3% | |
| China | 4.0 | 15.7 | 7.5 | 36.9% | |
| Estonia | 5.0 | 5.2 | 4.1 | -9.4% | |
| Lithuania | 11.0 | 15.3 | 0.3 | -83.5% | |
| Others | 14.6 | 8.4 | 11.7 | -10.5% | |
| Total | 89.7 | 122 | 108 | 9.7% | |
Top Suppliers of Cycles; Parts Thereof, Saddles to Latvia in 2022:
- Slovakia (4.0K units)
- Poland (1.9K units)
- China (1.5K units)
- Germany (1.4K units)
- Netherlands (1.0K units)
- Italy (0.8K units)
- Estonia (0.2K units)
Exports of Cycles; Parts Thereof, Saddles in Latvia
Cycles; parts thereof, saddles exports from Latvia skyrocketed to 6.4K units in 2022, increasing by 110% compared with 2021. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 116%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the near future.
In value terms, cycles; parts thereof, saddles exports skyrocketed to $37K in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +19.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.5% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cycles; Parts Thereof, Saddles in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 4.2 | 5.7 | 6.7 | 26.9 | 85.7% |
| Estonia | 6.9 | 3.9 | 6.5 | 8.6 | 7.6% |
| Czech Republic | N/A | 0.1 | N/A | 0.5 | 123.6% |
| Russia | N/A | 17.1 | 15.8 | N/A | -7.6% |
| Others | 10.9 | N/A | 0.3 | 0.9 | -56.5% |
| Total | 22.0 | 26.9 | 29.3 | 37.0 | 18.9% |
Top Export Markets for Cycles; Parts Thereof, Saddles from Latvia in 2022:
- Lithuania (4.5K units)
- Estonia (1.7K units)
- Czech Republic (0.1K units)
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