Price for Cotton; Sewing Thread, Put Up for Retail Sale in Latvia - 2023

Contents:

  1. Price for Cotton; Sewing Thread, Put Up for Retail Sale in Latvia (CIF) - 2022
  2. Price for Cotton; Sewing Thread, Put Up for Retail Sale in Latvia (FOB) - 2022
  3. Imports of Cotton; Sewing Thread, Put Up for Retail Sale in Latvia
  4. Exports of Cotton; Sewing Thread, Put Up for Retail Sale in Latvia

Price for Cotton; Sewing Thread, Put Up for Retail Sale in Latvia (CIF) - 2022

In 2022, the average import price for cotton; sewing thread, put up for retail sale amounted to $16,841 per ton, with an increase of 1.5% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cotton; sewing thread, put up for retail sale increased by +53.7% against 2017 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 54%. As a result, import price reached the peak level of $18,217 per ton. From 2014 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 Estonia ($28,202 per ton), while the price for China ($7,955 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cotton; Sewing Thread, Put Up for Retail Sale in Latvia (FOB) - 2022

The average export price for cotton; sewing thread, put up for retail sale stood at $30,211 per ton in 2022, with an increase of 19% against the previous year. In general, the export price, however, saw a noticeable descent. The pace of growth was the most pronounced in 2017 an increase of 50% against the previous year. The export price peaked at $38,500 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($34,741 per ton), while the average price for exports to Estonia ($16,125 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 Lithuania (+1.9%).

Imports of Cotton; Sewing Thread, Put Up for Retail Sale in Latvia

Imports of cotton; sewing thread, put up for retail sale into Latvia surged to 5.8 tons in 2022, rising by 188% compared with the year before. Over the period under review, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of cotton; sewing thread, put up for retail sale surged to $97K in 2022. Overall, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Cotton; Sewing Thread, Put Up for Retail Sale in Latvia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
RussiaN/AN/A7.243.7506.9%
Lithuania6.610.42.631.868.9%
Turkey13.016.017.78.6-12.9%
EstoniaN/A0.61.45.7208.2%
ChinaN/A1.0N/A4.6114.5%
Poland2.63.11.91.3-20.6%
Germany2.40.71.90.1-65.3%
OthersN/A0.30.61.6130.9%
Total24.632.033.397.358.1%

Top Suppliers of Cotton; Sewing Thread, Put Up for Retail Sale to Latvia in 2022:

  1. Lithuania (2321.0 kg)
  2. Russia (2131.0 kg)
  3. China (573.0 kg)
  4. Turkey (420.0 kg)
  5. Estonia (203.0 kg)
  6. Poland (74.0 kg)
  7. Germany (6.0 kg)

Exports of Cotton; Sewing Thread, Put Up for Retail Sale in Latvia

For the fourth consecutive year, Latvia recorded growth in overseas shipments of cotton; sewing thread, put up for retail sale, which increased by 221% to 109 kg in 2022. Overall, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of cotton; sewing thread, put up for retail sale surged to $3.3K in 2022. In general, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Cotton; Sewing Thread, Put Up for Retail Sale in Latvia (USD)
COUNTRY2019202020212022CAGR,
2019-2022
RussiaN/AN/AN/A2,8140%
Lithuania64.022642735076.2%
Estonia57.020321912931.3%
MoldovaN/AN/A207N/A0%
OthersN/A30.013.0N/A-56.7%
Total1214598663,293200.8%

Top Export Markets for Cotton; Sewing Thread, Put Up for Retail Sale from Latvia in 2022:

  1. Russia (81.0 kg)
  2. Lithuania (20.0 kg)
  3. Estonia (8.0 kg)

Source: IndexBox Market Intelligence Platform

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