Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Latvia - 2023
Contents:
- Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Latvia (CIF) - 2022
- Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Latvia (FOB) - 2022
- Imports of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Latvia
- Exports of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Latvia
Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Latvia (CIF) - 2022
The average import price for handbags with outer surface of leather, composition leather, or patent leathers stood at $71 per unit in 2022, declining by -11.3% against the previous year. In general, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.7% 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 handbags with outer surface of leather, composition leather, or patent leathers increased by +32.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 49%. As a result, import price reached the peak level of $80 per unit, and then fell in the following year.
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 France ($314 per unit), while the price for China ($15 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Latvia (FOB) - 2022
In 2022, the average export price for handbags with outer surface of leather, composition leather, or patent leathers amounted to $53 per unit, surging by 3.9% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 75% against the previous year. Over the period under review, the average export prices hit record highs at $81 per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($57 per unit), while the average price for exports to Belarus ($9.9 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Latvia
Imports of handbags with outer surface of leather, composition leather, or patent leathers into Latvia stood at 140K units in 2022, growing by 12% against the previous year's figure. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +17.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 48% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of handbags with outer surface of leather, composition leather, or patent leathers fell slightly to $10M in 2022. In general, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 44% against the previous year. As a result, imports attained the peak of $10M, leveling off in the following year.
| Import of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 1,750 | 2,179 | 6,062 | 6,731 | 56.7% |
| Germany | 811 | 924 | 1,097 | 658 | -6.7% |
| Netherlands | 669 | 485 | 594 | 601 | -3.5% |
| Poland | 190 | 164 | 350 | 397 | 27.8% |
| Lithuania | 515 | 410 | 219 | 208 | -26.1% |
| Spain | 80.1 | 241 | 183 | 182 | 31.5% |
| China | 83.6 | 91.0 | 58.1 | 119 | 12.5% |
| United Kingdom | 59.1 | 1,682 | 213 | 79.2 | 10.3% |
| Others | 948 | 823 | 1,285 | 1,026 | 2.7% |
| Total | 5,106 | 7,000 | 10,062 | 10,000 | 25.1% |
Top Suppliers of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather to Latvia in 2022:
- Italy (87.8K units)
- Germany (12.1K units)
- China (8.1K units)
- Poland (7.2K units)
- Netherlands (5.5K units)
- Lithuania (4.3K units)
- Spain (4.3K units)
- United Kingdom (0.4K units)
Exports of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Latvia
Exports of handbags with outer surface of leather, composition leather, or patent leathers from Latvia totaled 147K units in 2022, approximately equating the year before. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2020 with an increase of 173% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of handbags with outer surface of leather, composition leather, or patent leathers reached $7.8M in 2022. Overall, exports saw significant growth. The pace of growth was the most pronounced in 2020 with an increase of 207%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 1.8 | 6.3 | 6.9 | 7.0 | 57.3% |
| Belarus | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Estonia | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Lithuania | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Others | 0.2 | 0.3 | 0.3 | 0.5 | 35.7% |
| Total | 2.2 | 6.7 | 7.5 | 7.8 | 52.5% |
Top Export Markets for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather from Latvia in 2022:
- Russia (122.8K units)
- Belarus (12.2K units)
- Lithuania (3.6K units)
- Estonia (2.4K units)
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