Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Latvia - 2023

Contents:

1. Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Latvia (CIF) - 2022
2. Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Latvia (FOB) - 2022
3. Imports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Latvia
4. Exports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Latvia

Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Latvia (CIF) - 2022

The average import price for artificial staple fibres, not carded, combed or otherwise processed for spinning stood at $2,741 per ton in 2022, increasing by 14% against the previous year. In general, the import price, however, faced a abrupt contraction. The pace of growth was the most pronounced in 2014 an increase of 78%. As a result, import price attained the peak level of $20,759 per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($2,903 per ton) and Thailand ($2,775 per ton), while the price for Austria ($2,509 per ton) and Indonesia ($2,655 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Latvia (FOB) - 2022

The average export price for artificial staple fibres, not carded, combed or otherwise processed for spinning stood at $3,532 per ton in 2022, waning by -48.8% against the previous year. In general, the export price continues to indicate a precipitous curtailment. The growth pace was the most rapid in 2021 a decrease of -37.3%. The export price peaked at $11,002 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($4,079 per ton), while the average price for exports to the Netherlands ($2,691 per ton) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (-34.5%), while the prices for the other major destinations experienced a decline.

Imports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Latvia

In 2022, the amount of artificial staple fibres, not carded, combed or otherwise processed for spinning imported into Latvia reduced dramatically to 716 tons, falling by -63.3% compared with the previous year's figure. In general, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2021 when imports increased by 107% against the previous year. As a result, imports reached the peak of 1.9K tons, and then fell significantly in the following year.

In value terms, imports of artificial staple fibres, not carded, combed or otherwise processed for spinning dropped significantly to $2M in 2022. Over the period under review, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 173% against the previous year. As a result, imports reached the peak of $4.7M, and then fell significantly in the following year.

Top Suppliers of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning to Latvia in 2022:

1. Thailand (434.8 tons)
2. Indonesia (169.9 tons)
3. Austria (59.9 tons)
4. Germany (47.3 tons)

Exports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Latvia

In 2022, shipments abroad of artificial staple fibres, not carded, combed or otherwise processed for spinning decreased by -66.8% to 145 tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 30,238%. As a result, the exports reached the peak of 435 tons, and then reduced markedly in the following year.

In value terms, exports of artificial staple fibres, not carded, combed or otherwise processed for spinning dropped rapidly to $510K in 2022. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 18,910% against the previous year. As a result, the exports attained the peak of $3M, and then dropped sharply in the following year.

Top Export Markets for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning from Latvia in 2022:

1. Lithuania (87.0 tons)
2. Poland (39.8 tons)
3. Netherlands (13.0 tons)
4. Uzbekistan (4.7 tons)

Source: IndexBox Market Intelligence Platform