Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Latvia - 2023
Contents:
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Latvia (FOB) - 2022
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Latvia (CIF) - 2022
- Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Latvia
- Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Latvia
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Latvia (FOB) - 2022
The average export price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) stood at $3,505 per ton in 2022, rising by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($4,111 per ton), while the average price for exports to South Korea ($1,451 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 the United States (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Latvia (CIF) - 2022
In 2022, the average import price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) amounted to $2,358 per ton, growing by 54% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($18,658 per ton), while the price for Russia ($1,213 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+19.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Latvia
Exports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) from Latvia rose markedly to 49K tons in 2022, surging by 12% on 2021. The total export volume increased at an average annual rate of +8.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 15%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) skyrocketed to $171M in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +13.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.7% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 32.8 | 33.0 | 39.0 | 42.1 | 8.7% |
| United States | 13.9 | 12.3 | 15.8 | 21.5 | 15.6% |
| Italy | 9.8 | 10.5 | 13.3 | 18.3 | 23.1% |
| United Kingdom | 8.6 | 6.6 | 9.2 | 11.2 | 9.2% |
| Poland | 9.2 | 6.7 | 8.8 | 11.0 | 6.1% |
| France | 2.6 | 2.7 | 3.8 | 6.5 | 35.7% |
| Bulgaria | 4.1 | 4.1 | 4.2 | 6.5 | 16.6% |
| Slovakia | 1.6 | 1.1 | 1.8 | 3.9 | 34.6% |
| Lithuania | 1.5 | 2.6 | 2.8 | 3.0 | 26.0% |
| Turkey | 0.6 | 0.9 | 0.6 | 2.8 | 67.1% |
| South Korea | 2.5 | 4.0 | 3.7 | 2.8 | 3.8% |
| Canada | 1.0 | 1.4 | 1.5 | 2.5 | 35.7% |
| Slovenia | 2.2 | 2.0 | 1.7 | 2.5 | 4.4% |
| Others | 27.3 | 27.1 | 30.8 | 36.3 | 10.0% |
| Total | 118 | 115 | 137 | 171 | 13.2% |
Top Export Markets for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) from Latvia in 2022:
- Germany (11.1K tons)
- Italy (5.2K tons)
- United States (5.2K tons)
- Poland (3.5K tons)
- United Kingdom (2.8K tons)
- Bulgaria (2.2K tons)
- France (2.1K tons)
- South Korea (1.9K tons)
- Slovakia (1.8K tons)
- Turkey (1.1K tons)
- Lithuania (0.9K tons)
- Slovenia (0.9K tons)
- Canada (0.8K tons)
Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Latvia
Imports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) into Latvia fell to 23K tons in 2022, dropping by -5% against 2021 figures. Overall, imports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2021 when imports increased by 114% against the previous year. As a result, imports reached the peak of 24K tons, and then dropped modestly in the following year.
In value terms, imports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) surged to $54M in 2022. In general, imports, however, posted a prominent increase. The growth pace was the most rapid in 2021 with an increase of 64%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 8.5 | 6.0 | 8.6 | 15.1 | 21.1% |
| China | 1.3 | 1.1 | 1.6 | 6.6 | 71.9% |
| Taiwan (Chinese) | 2.0 | 0.4 | 1.6 | 5.7 | 41.8% |
| Finland | 3.2 | 3.6 | 4.1 | 4.3 | 10.4% |
| Germany | 3.7 | 2.0 | 5.4 | 3.6 | -0.9% |
| Mexico | 2.9 | 1.9 | 2.4 | 2.9 | 0.0% |
| Netherlands | 0.2 | 0.1 | 1.4 | 2.3 | 125.7% |
| Poland | 1.0 | 0.9 | 1.1 | 1.9 | 23.9% |
| Slovakia | 0.3 | 0.4 | 0.4 | 1.5 | 71.0% |
| Estonia | 0.6 | 0.5 | 1.1 | 1.2 | 26.0% |
| Lithuania | 0.5 | 0.5 | 0.9 | 1.0 | 26.0% |
| Belgium | 0.4 | 0.3 | 0.7 | 0.9 | 31.0% |
| Russia | 0.8 | 0.5 | 1.5 | 0.2 | -37.0% |
| Others | 6.7 | 4.4 | 6.0 | 6.8 | 0.5% |
| Total | 32.0 | 22.5 | 36.8 | 53.9 | 19.0% |
Top Suppliers of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) to Latvia in 2022:
- Czech Republic (6.2K tons)
- Finland (3.2K tons)
- China (2.5K tons)
- Taiwan (Chinese) (2.3K tons)
- Netherlands (1.3K tons)
- Mexico (1.3K tons)
- Slovakia (1.2K tons)
- Germany (1.0K tons)
- Poland (0.9K tons)
- Estonia (0.7K tons)
- Lithuania (0.5K tons)
- Belgium (0.3K tons)
- Russia (0.1K tons)
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