Latvia - Electrical Insulators of Ceramics - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingLatvia: Ceramic Electrical Insulator Market 2024
Ceramic Electrical Insulator Market Size in Latvia
The Latvian ceramic electrical insulator market shrank significantly to $X in 2023, which is down by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a deep setback. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.
Ceramic Electrical Insulator Exports
Exports from Latvia
In 2023, overseas shipments of electrical insulators of ceramics increased by X% to X units for the first time since 2020, thus ending a two-year declining trend. Over the period under review, exports saw significant growth. The pace of growth was the most pronounced in 2017 when exports increased by X%. The exports peaked at X units in 2020; however, from 2021 to 2023, the exports failed to regain momentum.
In value terms, ceramic electrical insulator exports amounted to $X in 2023. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2023, the exports failed to regain momentum.
Exports by Country
Kazakhstan (X units) was the main destination for ceramic electrical insulator exports from Latvia, accounting for a X% share of total exports. Moreover, ceramic electrical insulator exports to Kazakhstan exceeded the volume sent to the second major destination, Estonia (X units), threefold. Russia (X units) ranked third in terms of total exports with a X% share.
From 2012 to 2023, the average annual rate of growth in terms of volume to Kazakhstan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (X% per year) and Russia (X% per year).
In value terms, the largest markets for ceramic electrical insulator exported from Latvia were Kazakhstan ($X), Estonia ($X) and Russia ($X), together comprising X% of total exports.
Among the main countries of destination, Estonia, with a CAGR of X%, recorded the highest growth rate of the value of exports, 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 ceramic electrical insulator export price amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the export price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2022 an increase of X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Lithuania ($X per unit), while the average price for exports to Kazakhstan ($X per unit) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (X%), while the prices for the other major destinations experienced more modest paces of growth.
Ceramic Electrical Insulator Imports
Imports into Latvia
In 2023, imports of electrical insulators of ceramics into Latvia dropped dramatically to X units, reducing by X% against the previous year's figure. Overall, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2022 with an increase of X%. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.
In value terms, ceramic electrical insulator imports fell notably to $X in 2023. In general, imports showed a perceptible shrinkage. The growth pace was the most rapid in 2022 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.
Imports by Country
Russia (X units), China (X units) and Estonia (X units) were the main suppliers of ceramic electrical insulator imports to Latvia, together accounting for X% of total imports. Romania, Hungary and Lithuania lagged somewhat behind, together accounting for a further X%.
From 2012 to 2023, the biggest increases were recorded for Lithuania (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.
In value terms, Russia ($X) constituted the largest supplier of electrical insulators of ceramics to Latvia, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Estonia, with a X% share.
From 2012 to 2023, the average annual growth rate of value from Russia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Estonia (X% per year).
Import Prices by Country
The average ceramic electrical insulator import price stood at $X per unit in 2023, surging by X% against the previous year. Overall, the import price, however, continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked at $X per unit in 2013; however, from 2014 to 2023, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Romania ($X per unit), while the price for China ($X per unit) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (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 ceramic electrical insulator market 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 23431030 - Electrical insulators of ceramics (excluding insulating fittings)
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.
-
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
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
-
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
-
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
-
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
-
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
-
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
Recommended reports
This report provides an in-depth analysis of the ceramic electrical insulator market in Asia.
This report provides an in-depth analysis of the ceramic electrical insulator market in the U.S..
This report provides an in-depth analysis of the ceramic electrical insulator market in China.
This report provides an in-depth analysis of the ceramic electrical insulator market in the EU.
This report provides an in-depth analysis of the global ceramic electrical insulator market.
- Market Research in Latvia
- Ceramic Electrical Insulator Price Latvia
- Ceramic Electrical Insulator Market
- Porcelain Technical Ware Market
- Ceramic Sanitary Ware Market
- Porcelain Tableware and Kitchenware Market
- Ceramic Household Article Market
- China Statuette Market
- Ceramic Statuette Market
- Permanent Magnet Market