Glass Fibre Filament Price in Latvia - 2023
Contents:
- Glass Fibre Filament Price in Latvia (CIF) - 2022
- Glass Fibre Filament Price in Latvia (FOB) - 2022
- Glass Fibre Filament Imports in Latvia
- Glass Fibre Filament Exports in Latvia
Glass Fibre Filament Price in Latvia (CIF) - 2022
The average glass fibre filament import price stood at $2,053 per ton in 2022, with an increase of 19% against the previous year. Over the period under review, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glass fibre filament import price increased by +93.9% against 2015 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 Belgium ($2,380 per ton), while the price for Russia ($1,383 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Glass Fibre Filament Price in Latvia (FOB) - 2022
The average glass fibre filament export price stood at $3,284 per ton in 2022, surging by 216% against the previous year. Overall, the export price posted temperate growth. Over the period under review, the average export prices reached the maximum at $6,258 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($4,801 per ton), while the average price for exports to South Korea ($120 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+35.1%), while the prices for the other major destinations experienced more modest paces of growth.
Glass Fibre Filament Imports in Latvia
In 2022, imports of glass fibre filaments into Latvia soared to 1.3K tons, increasing by 20% on the previous year. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 83%. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, glass fibre filament imports surged to $2.7M in 2022. Overall, imports showed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 110%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Glass Fibre Filament in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 165 | 180 | 378 | 683 | 60.6% |
| Germany | N/A | 4.2 | 48.5 | 669 | 1162.1% |
| Slovakia | 204 | 157 | 214 | 443 | 29.5% |
| Estonia | 188 | 187 | 455 | 252 | 10.3% |
| Czech Republic | 207 | 182 | 468 | 159 | -8.4% |
| China | 2.6 | 0.2 | 50.8 | 111 | 249.5% |
| Lithuania | 47.2 | 35.1 | 11.5 | 102 | 29.3% |
| Russia | 5.2 | 35.8 | 165 | 27.1 | 73.4% |
| Others | 67.8 | 119 | 100 | 254 | 55.3% |
| Total | 886 | 900 | 1,891 | 2,700 | 45.0% |
Top Suppliers of Glass Fibre Filament to Latvia in 2022:
- Germany (335.7 tons)
- Belgium (287.0 tons)
- Slovakia (257.7 tons)
- Estonia (121.9 tons)
- Czech Republic (74.9 tons)
- China (69.5 tons)
- Lithuania (44.6 tons)
- Russia (19.6 tons)
Glass Fibre Filament Exports in Latvia
After three years of growth, shipments abroad of glass fibre filaments decreased by -81% to 181 tons in 2022. In general, exports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2021 with an increase of 441% against the previous year. As a result, the exports reached the peak of 956 tons, and then fell remarkably in the following year.
In value terms, glass fibre filament exports fell dramatically to $595K in 2022. Over the period under review, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 189% against the previous year. As a result, the exports attained the peak of $992K, and then shrank notably in the following year.
| Export of Glass Fibre Filament in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 109 | 256 | 492 | 260 | 33.6% |
| France | 0.1 | 1.0 | 99.5 | 209 | 1178.5% |
| United Kingdom | 1.4 | 7.8 | 19.5 | 61.0 | 251.9% |
| Italy | N/A | N/A | 113 | 40.4 | -64.2% |
| Belgium | N/A | N/A | 9.9 | 15.4 | 55.6% |
| South Korea | N/A | N/A | 50.5 | 4.1 | -91.9% |
| Croatia | 58.1 | 46.7 | N/A | N/A | -19.6% |
| United Arab Emirates | N/A | N/A | 172 | N/A | 0% |
| Estonia | 54.1 | 28.0 | 0.1 | N/A | -95.7% |
| Others | 31.0 | 3.7 | 35.9 | 5.5 | -43.8% |
| Total | 253 | 343 | 992 | 595 | 33.0% |
Top Export Markets for Glass Fibre Filament from Latvia in 2022:
- Germany (66.2 tons)
- France (52.6 tons)
- South Korea (34.4 tons)
- United Kingdom (12.7 tons)
- Italy (9.9 tons)
- Belgium (3.9 tons)
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