Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Latvia - 2023

Contents:

  1. Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Latvia (CIF) - 2022
  2. Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Latvia (FOB) - 2022
  3. Imports of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Latvia
  4. Exports of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Latvia

Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Latvia (CIF) - 2022

In 2022, the average import price for fabrics; looped pile fabrics, of cotton, knitted or crocheted amounted to $2,760 per ton, falling by -69.7% against the previous year. Over the period under review, the import price saw a abrupt decline. The most prominent rate of growth was recorded in 2020 an increase of 95% against the previous year. The import price peaked at $20,089 per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 ($18,695 per ton), while the price for Finland ($309 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+20.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Latvia (FOB) - 2022

The average export price for fabrics; looped pile fabrics, of cotton, knitted or crocheted stood at $15,137 per ton in 2020, approximately equating the previous year. Over the period under review, the export price continues to indicate a prominent increase. Over the period under review, the average export prices hit record highs at $57,667 per ton in 2015; however, from 2016 to 2020, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($24,600 per ton), while the average price for exports to Lithuania ($13,000 per ton) was amongst the lowest.

From 2013 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+7.8%).

Imports of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Latvia

Imports of fabrics; looped pile fabrics, of cotton, knitted or crocheted into Latvia skyrocketed to 8.1 tons in 2022, rising by 383% compared with the year before. Overall, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of fabrics; looped pile fabrics, of cotton, knitted or crocheted soared to $22K in 2022. Over the period under review, imports posted a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 133% against the previous year. As a result, imports reached the peak of $27K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Latvia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Belgium9.3N/A15.39.61.1%
RussiaN/AN/AN/A9.10%
FinlandN/AN/AN/A2.00%
Germany1.31.2N/AN/A-7.7%
Sweden0.825.3N/AN/A3062.5%
OthersN/AN/AN/A1.80%
Total11.426.515.322.525.4%

Top Suppliers of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted to Latvia in 2022:

  1. Finland (6.5 tons)
  2. Belgium (0.9 tons)
  3. Russia (0.5 tons)

Exports of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Latvia

In 2020, approx. 73 kg of fabrics; looped pile fabrics, of cotton, knitted or crocheted were exported from Latvia; jumping by 7,200% on the year before. In general, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of fabrics; looped pile fabrics, of cotton, knitted or crocheted surged to $1.1K in 2020. Overall, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Latvia (USD)
COUNTRY20192020CAGR,
2019-2020
Lithuania15.05073280.0%
GermanyN/A4750%
SwedenN/A1230%
OthersN/AN/A0%
Total15.01,1057266.7%

Top Export Markets for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted from Latvia in 2022:

  1. Lithuania (39.0 kg)
  2. Germany (29.0 kg)
  3. Sweden (5.0 kg)

Source: IndexBox Market Intelligence Platform

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