Latvia - Woven Fabrics Of Cotton - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCotton Fabric Price in Latvia - 2023
Contents:
- Cotton Fabric Price in Latvia (CIF) - 2023
- Cotton Fabric Price in Latvia (FOB) - 2023
- Cotton Fabric Imports in Latvia
- Cotton Fabric Exports in Latvia
Cotton Fabric Price in Latvia (CIF) - 2023
The average cotton fabric import price stood at $1.3 per square meter in September 2023, increasing by 19% against the previous month. Overall, the import price, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in June 2023 an increase of 143% month-to-month. As a result, import price attained the peak level of $5.3 per square meter. From July 2023 to September 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($5.6 per square meter), while the price for Pakistan ($569 per thousand square meters) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Belgium (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Cotton Fabric Price in Latvia (FOB) - 2023
In September 2023, the average cotton fabric export price amounted to $3.1 per square meter, with a decrease of -9.2% against the previous month. In general, export price indicated a slight expansion from September 2022 to September 2023: its price increased at an average monthly rate of +1.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, cotton fabric export price decreased by -36.6% against June 2023 indices. The pace of growth was the most pronounced in June 2023 when the average export price increased by 71% month-to-month. As a result, the export price reached the peak level of $4.8 per square meter. From July 2023 to September 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was Russia ($22.8 per square meter), while the average price for exports to Denmark ($855 per thousand square meters) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.
Cotton Fabric Imports in Latvia
In 2022, cotton fabric imports into Latvia dropped dramatically to 3.5M square meters, waning by -48.7% on 2021 figures. In general, imports recorded a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 15% against the previous year. As a result, imports attained the peak of 6.8M square meters, and then declined remarkably in the following year.
In value terms, cotton fabric imports shrank sharply to $6.7M in 2022. Overall, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 27% against the previous year. As a result, imports reached the peak of $9.6M, and then declined markedly in the following year.
| Import of Cotton Fabric in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 364 | 474 | 607 | 1,308 | 53.2% |
| Pakistan | 1,314 | 1,155 | 1,727 | 977 | -9.4% |
| Uzbekistan | 1,116 | 1,078 | 1,370 | 904 | -6.8% |
| Sweden | 1,142 | 330 | 1,058 | 835 | -9.9% |
| Poland | 103 | 304 | 397 | 389 | 55.7% |
| Lithuania | 690 | 1,097 | 1,028 | 309 | -23.5% |
| Germany | 419 | 318 | 482 | 294 | -11.1% |
| Finland | 234 | 189 | 286 | 249 | 2.1% |
| Estonia | 494 | 424 | 384 | 193 | -26.9% |
| Vietnam | 197 | 110 | 207 | 116 | -16.2% |
| United Kingdom | 1,091 | 717 | 44.2 | 35.7 | -68.0% |
| Russia | 177 | 54.2 | 70.6 | N/A | -36.8% |
| Kazakhstan | 57.2 | 115 | 119 | N/A | 44.2% |
| Others | 1,349 | 1,191 | 1,827 | 1,116 | -6.1% |
| Total | 8,746 | 7,558 | 9,608 | 6,727 | -8.4% |
Top Suppliers of Cotton Fabric to Latvia in 2022:
- Kazakhstan (undefinedK square meters)
- Uzbekistan (1285.3K square meters)
- Pakistan (974.4K square meters)
- Italy (213.3K square meters)
- Sweden (160.9K square meters)
- Lithuania (123.7K square meters)
- Estonia (104.3K square meters)
- Germany (99.9K square meters)
- Poland (89.8K square meters)
- Finland (71.3K square meters)
- Vietnam (56.8K square meters)
- United Kingdom (16.9K square meters)
Cotton Fabric Exports in Latvia
For the third year in a row, Latvia recorded decline in shipments abroad of woven fabrics of cotton, which decreased by -2% to 2.3M square meters in 2022. Overall, exports showed a abrupt decline. The exports peaked at 2.8M square meters in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, cotton fabric exports declined to $6.1M in 2022. The total export value increased at an average annual rate of +2.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 11% against the previous year. As a result, the exports attained the peak of $6.3M, and then contracted modestly in the following year.
| Export of Cotton Fabric in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | 1,248 | 816 | 1,517 | 1,830 | 13.6% |
| Finland | 909 | 515 | 1,041 | 1,123 | 7.3% |
| Sweden | 471 | 912 | 839 | 888 | 23.5% |
| Lithuania | 285 | 975 | 634 | 723 | 36.4% |
| Austria | 306 | 421 | 346 | 478 | 16.0% |
| Russia | 476 | 346 | 654 | 313 | -13.0% |
| Estonia | 746 | 913 | 817 | 200 | -35.5% |
| Others | 1,183 | 798 | 464 | 500 | -25.0% |
| Total | 5,624 | 5,696 | 6,314 | 6,055 | 2.5% |
Top Export Markets for Cotton Fabric from Latvia in 2022:
- Finland (480.7K square meters)
- Sweden (467.9K square meters)
- Ukraine (462.2K square meters)
- Lithuania (248.4K square meters)
- Austria (154.7K square meters)
- Estonia (126.5K square meters)
- Russia (107.0K square meters)
This report provides an in-depth analysis of the cotton fabric 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 13202020 - Woven fabrics of cotton weighing . .100 g/m., for medical gauzes, bandages and dressings
- Prodcom 13202060 - Woven fabrics of denim cotton weighing > .200 g/m. (including denim other than blue)
- Prodcom 132020Z1 - Cotton fabrics, . .200 g/m. (excluding gauze and coloured yarns)
- Prodcom 132020Z2 - Cotton fabrics, > .200 g/m. (excluding coloured yarns)
- Prodcom 132020Z3 - Woven fabrics of cotton of yarns of different colours (excluding denim)
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.
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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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This report provides an in-depth analysis of the cotton fabric market in Latvia.
2623
This report provides an in-depth analysis of the global cotton fabric market.
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This report provides an in-depth analysis of the cotton fabric market in Latvia.
2623
This report provides an in-depth analysis of the global cotton fabric market.
3427
The global textile industry is worth an estimated $1.3 trillion USD and employs over 60 million people around the world. The industry is forecast to grow at a rate of 3-4% per year over the next few years.
761
In value terms, woven fabrics of cotton containing X% and more by weight imports stood at $X in 2016. In general, woven fabrics of cotton containing X% and more by weight imports continue to indica...
624
In value terms, woven fabrics of cotton containing X% and more by weight exports stood at $X in 2016. In general, woven fabrics of cotton containing X% and more by weight exports continue to indi...
837
Global cotton fabric imports totaled X tons in 2016, remaining relatively unchanged against the previous year level. In general, cotton fabric imports continue to indicate a slight shrinkage. The...
1070
Global cotton fabric imports totaled X tons in 2016, remaining relatively unchanged against the previous year level. In general, cotton fabric imports continue to indicate a slight shrinkage. The...
3427
The global textile industry is worth an estimated $1.3 trillion USD and employs over 60 million people around the world. The industry is forecast to grow at a rate of 3-4% per year over the next few years.
761
In value terms, woven fabrics of cotton containing X% and more by weight imports stood at $X in 2016. In general, woven fabrics of cotton containing X% and more by weight imports continue to indica...
624
In value terms, woven fabrics of cotton containing X% and more by weight exports stood at $X in 2016. In general, woven fabrics of cotton containing X% and more by weight exports continue to indi...
837
Global cotton fabric imports totaled X tons in 2016, remaining relatively unchanged against the previous year level. In general, cotton fabric imports continue to indicate a slight shrinkage. The...
1070
Global cotton fabric imports totaled X tons in 2016, remaining relatively unchanged against the previous year level. In general, cotton fabric imports continue to indicate a slight shrinkage. The...
