Price for Flax, Tow and Waste in Latvia - 2023

Contents:

1. Price for Flax, Tow and Waste in Latvia (CIF) - 2022
2. Price for Flax, Tow and Waste in Latvia (FOB) - 2022
3. Imports of Flax, Tow and Waste in Latvia
4. Exports of Flax, Tow and Waste in Latvia

Price for Flax, Tow and Waste in Latvia (CIF) - 2022

In 2022, the average flax, tow and waste import price amounted to $674 per ton, picking up by 17% against the previous year. In general, the import price, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2018 when the average import price increased by 26% against the previous year. Over the period under review, average import prices hit record highs at $3,311 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 Belgium ($1,245 per ton), while the price for Belarus ($510 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+1.4%), while the prices for the other major suppliers experienced a decline.

Price for Flax, Tow and Waste in Latvia (FOB) - 2022

In 2022, the average flax, tow and waste export price amounted to $688 per ton, dropping by -24.1% against the previous year. In general, the export price saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2015 when the average export price increased by 65% against the previous year. As a result, the export price attained the peak level of $1,202 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

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 ($5,135 per ton), while the average price for exports to Belgium ($605 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 (+23.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Flax, Tow and Waste in Latvia

In 2022, the amount of flax, tow and waste imported into Latvia fell notably to 286 tons, dropping by -25.4% compared with 2021. In general, imports continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2021 when imports increased by 183% against the previous year. As a result, imports reached the peak of 383 tons, and then reduced markedly in the following year.

In value terms, flax, tow and waste imports contracted to $192K in 2022. Overall, imports showed a abrupt setback. The pace of growth was the most pronounced in 2021 when imports increased by 104%.

Top Suppliers of Flax, Tow and Waste to Latvia in 2022:

1. Belarus (191.7 tons)
2. Russia (34.3 tons)
3. France (34.1 tons)
4. Belgium (24.3 tons)

Exports of Flax, Tow and Waste in Latvia

After three years of growth, shipments abroad of flax, tow and waste decreased by -23.6% to 190 tons in 2022. Over the period under review, exports, however, showed a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by 87%.

In value terms, flax, tow and waste exports shrank dramatically to $131K in 2022. In general, exports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 86% against the previous year.

Top Export Markets for Flax, Tow and Waste from Latvia in 2022:

1. France (146.9 tons)
2. Belgium (42.9 tons)
3. Lithuania (0.1 tons)

Source: IndexBox Market Intelligence Platform