Prepared Sheep Leather Price in Latvia - 2023

Contents:

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

Prepared Sheep Leather Price in Latvia (CIF) - 2022

The average prepared sheep leather import price stood at $36 per square meter in 2022, growing by 50% against the previous year. Overall, the import price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2017 an increase of 303%. As a result, import price attained the peak level of $74 per square meter. From 2018 to 2022, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Turkey.

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +5.8% per year.

Prepared Sheep Leather Price in Latvia (FOB) - 2022

In 2022, the average prepared sheep leather export price amounted to $36 per square meter, therefore, remained relatively stable against the previous year. Overall, the export price enjoyed a significant increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by 67%. The export price peaked in 2022 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for China.

From 2017 to 2022, the rate of growth in terms of prices for the Netherlands amounted to 0.0% per year.

Prepared Sheep Leather Imports in Latvia

In 2022, imports of sheep or lamb skin leather, prepared into Latvia dropped rapidly to 518 square meters, declining by -62.8% on 2021 figures. Overall, imports showed a precipitous contraction. The most prominent rate of growth was recorded in 2021 with an increase of 610%. Over the period under review, imports reached the maximum at 4.1K square meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, prepared sheep leather imports contracted dramatically to $19K in 2022. In general, imports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2021 when imports increased by 787% against the previous year. Imports peaked at $34K in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Prepared Sheep Leather in Latvia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey0.4N/A6.617.9255.0%
Uzbekistan30.9N/AN/AN/A0%
India2.9N/AN/AN/A0%
EstoniaN/A2.526.7N/A968.0%
Others0.11.30.20.791.3%
Total34.43.833.518.6-18.5%

Top Suppliers of Prepared Sheep Leather to Latvia in 2022:

  1. Turkey (514.0 square meters)

Prepared Sheep Leather Exports in Latvia

Prepared sheep leather exports from Latvia was estimated at 514 square meters in 2022, approximately mirroring 2021. In general, exports saw a precipitous curtailment. The smallest decline of -94.6% was in 2020. The exports peaked at 4.4K square meters in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, prepared sheep leather exports stood at $18K in 2022. Over the period under review, exports showed a dramatic contraction. The smallest decline of -91.2% was in 2020. Over the period under review, the exports hit record highs at $44K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of Prepared Sheep Leather in Latvia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
ChinaN/AN/AN/A18.50%
South KoreaN/A3.8N/AN/A0%
Denmark40.9N/AN/AN/A0%
Netherlands2.8N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total43.73.8N/A18.5-24.9%

Top Export Markets for Prepared Sheep Leather from Latvia in 2022:

  1. China (514.0 square meters)

Source: IndexBox Market Intelligence Platform

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