Price for Clothing; Parts, Knitted or Crocheted in Latvia - 2023
Contents:
- Price for Clothing; Parts, Knitted or Crocheted in Latvia (FOB) - 2022
- Price for Clothing; Parts, Knitted or Crocheted in Latvia (CIF) - 2022
- Exports of Clothing; Parts, Knitted or Crocheted in Latvia
- Imports of Clothing; Parts, Knitted or Crocheted in Latvia
Price for Clothing; Parts, Knitted or Crocheted in Latvia (FOB) - 2022
In 2022, the average export price for clothing; parts, knitted or crocheted amounted to $39,713 per ton, with an increase of 27% against the previous year. Overall, the export price recorded a perceptible expansion. The most prominent rate of growth was recorded in 2015 an increase of 56%. As a result, the export price reached the peak level of $67,355 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($92,467 per ton), while the average price for exports to Sweden ($17,407 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 Ukraine (+25.4%), while the prices for the other major destinations experienced a decline.
Price for Clothing; Parts, Knitted or Crocheted in Latvia (CIF) - 2022
In 2022, the average import price for clothing; parts, knitted or crocheted amounted to $47,552 per ton, rising by 57% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, clothing; parts, knitted or crocheted import price decreased by -11.7% against 2018 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 61% against the previous year. As a result, import price reached the peak level of $53,873 per ton. From 2019 to 2022, the average import prices remained at a somewhat 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 Russia ($49,223 per ton), while the price for Estonia ($14,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Clothing; Parts, Knitted or Crocheted in Latvia
In 2022, after two years of decline, there was significant growth in shipments abroad of clothing; parts, knitted or crocheted, when their volume increased by 24% to 6.2 tons. In general, exports, however, continue to indicate a relatively flat trend pattern.
In value terms, clothing; parts, knitted or crocheted exports soared to $245K in 2022. Overall, exports enjoyed a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Clothing; Parts, Knitted or Crocheted in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | 109 | 77.1 | 82.2 | 134 | 7.1% |
| Ukraine | 37.2 | 24.5 | 53.8 | 55.5 | 14.3% |
| Sweden | 3.6 | 0.9 | N/A | 32.2 | 107.6% |
| Denmark | 1.9 | 7.8 | 20.4 | 23.3 | 130.6% |
| Others | 11.2 | 9.9 | 0.2 | 0.1 | -79.3% |
| Total | 163 | 120 | 157 | 245 | 14.5% |
Top Export Markets for Clothing; Parts, Knitted or Crocheted from Latvia in 2022:
- Belarus (3.3 tons)
- Sweden (1.8 tons)
- Ukraine (0.6 tons)
- Denmark (0.4 tons)
Imports of Clothing; Parts, Knitted or Crocheted in Latvia
In 2022, overseas purchases of clothing; parts, knitted or crocheted were finally on the rise to reach 951 kg after two years of decline. Overall, imports continue to indicate a slight expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, clothing; parts, knitted or crocheted imports soared to $45K in 2022. In general, imports recorded buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Clothing; Parts, Knitted or Crocheted in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | N/A | N/A | 40.6 | 0% |
| Denmark | 5.2 | 11.2 | 0.8 | 1.7 | -31.1% |
| Finland | N/A | N/A | N/A | 0.8 | 0% |
| Italy | 4.0 | 7.0 | 0.1 | 0.7 | -44.1% |
| Germany | 2.8 | 4.8 | 4.5 | 0.5 | -43.7% |
| China | 0.9 | N/A | N/A | N/A | 0% |
| Poland | 1.1 | 0.8 | 0.6 | N/A | -26.1% |
| Estonia | 13.9 | 4.0 | N/A | N/A | -71.2% |
| Others | 0.5 | 0.3 | 0.4 | 0.9 | 21.6% |
| Total | 28.5 | 28.1 | 6.5 | 45.2 | 16.6% |
Top Suppliers of Clothing; Parts, Knitted or Crocheted to Latvia in 2022:
- Russia (825.0 kg)
- Denmark (57.0 kg)
- Finland (22.0 kg)
- Germany (22.0 kg)
- Italy (6.0 kg)
- Estonia (1.0 kg)
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