Composition Leather Price in Latvia - 2023

Contents:

1. Composition Leather Price in Latvia (CIF) - 2022
2. Composition Leather Price in Latvia (FOB) - 2022
3. Composition Leather Imports in Latvia
4. Composition Leather Exports in Latvia

Composition Leather Price in Latvia (CIF) - 2022

In 2022, the average composition leather import price amounted to $17 per square meter, dropping by -10.3% against the previous year. In general, the import price, however, showed resilient growth. The pace of growth was the most pronounced in 2017 an increase of 502% against the previous year. The import price peaked at $33 per square meter in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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 Sweden ($27 per square meter), while the price for Germany ($14 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+33.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Composition Leather Price in Latvia (FOB) - 2022

In 2022, the average composition leather export price amounted to $5.1 per square meter, shrinking by -8.3% against the previous year. In general, the export price, however, showed a buoyant increase. The growth pace was the most rapid in 2021 an increase of 115% against the previous year. The export price peaked at $28 per square meter in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($2.2 per square meter), while the average price for exports to Lithuania totaled $2.2 per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.

Composition Leather Imports in Latvia

In 2022, overseas purchases of composition leather decreased by -90.7% to 3K square meters, falling for the second consecutive year after two years of growth. In general, imports saw a precipitous decline. The most prominent rate of growth was recorded in 2020 with an increase of 5.8% against the previous year. As a result, imports reached the peak of 34K square meters. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, composition leather imports declined rapidly to $52K in 2022. Over the period under review, imports recorded a sharp downturn. The pace of growth was the most pronounced in 2020 with an increase of 97% against the previous year. As a result, imports attained the peak of $935K. From 2021 to 2022, the growth of imports failed to regain momentum.

Top Suppliers of Composition Leather to Latvia in 2022:

1. Germany (2106.0 square meters)
2. Denmark (298.0 square meters)
3. Poland (258.0 square meters)
4. Sweden (186.0 square meters)
5. Norway (142.0 square meters)

Composition Leather Exports in Latvia

In 2022, approx. 990 square meters of composition leather were exported from Latvia; increasing by 112% against the year before. Overall, exports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 910%. As a result, the exports attained the peak of 14K square meters. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, composition leather exports surged to $5.1K in 2022. Over the period under review, exports saw a prominent expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 834%. As a result, the exports attained the peak of $35K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Top Export Markets for Composition Leather from Latvia in 2022:

1. Estonia (942.0 square meters)
2. Lithuania (4.0 square meters)

Source: IndexBox Market Intelligence Platform