Latvia - Apparel Of Leather Or Of Composition Leather - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLeather Apparel Price in Latvia - 2023
Contents:
- Leather Apparel Price in Latvia (CIF) - 2022
- Leather Apparel Price in Latvia (FOB) - 2023
- Leather Apparel Imports in Latvia
- Leather Apparel Exports in Latvia
Leather Apparel Price in Latvia (CIF) - 2022
In 2022, the average leather apparel import price amounted to $115 per unit, rising by 4.1% against the previous year. Overall, the import price, however, continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2019 when the average import price increased by 68%. The import price peaked at $170 per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
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 ($174 per unit), while the price for Estonia ($56 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+40.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Leather Apparel Price in Latvia (FOB) - 2023
The average leather apparel export price stood at $179 per unit in October 2023, growing by 114% against the previous month. In general, export price indicated a moderate expansion from October 2022 to October 2023: its price increased at an average monthly rate of +2.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, leather apparel export price decreased by -6.6% against August 2023 indices. The export price peaked at $209 per unit in February 2023; however, from March 2023 to October 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($438 per unit), while the average price for exports to Poland ($119 per unit) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.
Leather Apparel Imports in Latvia
For the third year in a row, Latvia recorded decline in overseas purchases of apparel of leather or of composition leather, which decreased by -35.2% to 23K units in 2022. Overall, imports recorded a dramatic shrinkage. The smallest decline of -9.2% was in 2020. Over the period under review, imports attained the peak figure at 47K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, leather apparel imports fell notably to $2.6M in 2022. Over the period under review, imports showed a slight descent. The growth pace was the most rapid in 2020 when imports increased by 49%. As a result, imports reached the peak of $4.1M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Leather Apparel in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 548 | 1,089 | 1,026 | 693 | 8.1% |
| Germany | 617 | 935 | 1,137 | 649 | 1.7% |
| France | 78.7 | 294 | 362 | 262 | 49.3% |
| Poland | 147 | 208 | 229 | 257 | 20.5% |
| Spain | 221 | 178 | 178 | 237 | 2.4% |
| Lithuania | 286 | 269 | 255 | 236 | -6.2% |
| Netherlands | 187 | 357 | 164 | 74.8 | -26.3% |
| Finland | 65.4 | 68.1 | 57.1 | 58.3 | -3.8% |
| Denmark | 150 | 207 | 188 | 37.2 | -37.2% |
| United Kingdom | 63.0 | 172 | 41.8 | 11.9 | -42.6% |
| Estonia | 329 | 234 | 22.0 | 6.8 | -72.6% |
| Others | 68.0 | 102 | 210 | 88.0 | 9.0% |
| Total | 2,760 | 4,114 | 3,869 | 2,611 | -1.8% |
Top Suppliers of Leather Apparel to Latvia in 2022:
- Germany (5.2K units)
- Italy (4.0K units)
- Poland (2.8K units)
- Spain (2.4K units)
- France (2.3K units)
- Lithuania (2.1K units)
- Netherlands (1.3K units)
- Finland (0.6K units)
- Denmark (0.4K units)
- Estonia (0.1K units)
- United Kingdom (0.1K units)
Leather Apparel Exports in Latvia
In 2022, overseas shipments of apparel of leather or of composition leather decreased by -32.2% to 11K units, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a significant contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 12%. As a result, the exports reached the peak of 39K units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, leather apparel exports contracted significantly to $1.4M in 2022. Overall, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 53%. As a result, the exports reached the peak of $2.5M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Leather Apparel in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 853 | 2,028 | 1,856 | 1,185 | 11.6% |
| Lithuania | 398 | 226 | 168 | 75.5 | -42.5% |
| Poland | 6.0 | 7.1 | 35.5 | 42.5 | 92.0% |
| Estonia | 287 | 144 | 17.0 | 2.0 | -80.9% |
| Others | 75.4 | 71.8 | 149 | 82.5 | 3.0% |
| Total | 1,620 | 2,476 | 2,225 | 1,387 | -5.0% |
Top Export Markets for Leather Apparel from Latvia in 2022:
- Russia (9.6K units)
- Lithuania (0.6K units)
- Poland (0.3K units)
This report provides an in-depth analysis of the leather apparel 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 14111000 - Articles of apparel of leather or of composition leather (including coats and overcoats) (excluding clothing accessories, headgear, footwear)
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
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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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