Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Latvia - 2023
Contents:
- Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Latvia (CIF) - 2022
- Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Latvia (FOB) - 2022
- Imports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Latvia
- Exports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Latvia
Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Latvia (CIF) - 2022
The average import price for press-fasteners, snap-fasteners, press-studs and parts therefor stood at $28,753 per ton in 2022, rising by 5.2% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 36% against the previous year. Over the period under review, average import prices reached the peak figure at $37,801 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($48,450 per ton), while the price for Poland ($17,634 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Latvia (FOB) - 2022
In 2022, the average export price for press-fasteners, snap-fasteners, press-studs and parts therefor amounted to $35,277 per ton, increasing by 17% against the previous year. Over the last decade, it increased at an average annual rate of +3.8%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($49,396 per ton), while the average price for exports to Germany ($12,879 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 Denmark (+29.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Latvia
In 2022, the amount of press-fasteners, snap-fasteners, press-studs and parts therefor imported into Latvia rose to 37 tons, increasing by 2.8% on 2021 figures. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 76% against the previous year.
In value terms, imports of press-fasteners, snap-fasteners, press-studs and parts therefor expanded markedly to $1.1M in 2022. In general, imports, however, saw a slight shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 63%.
| Import of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 262 | 156 | 295 | 416 | 16.7% |
| Sweden | 276 | 155 | 341 | 200 | -10.2% |
| Finland | 65.9 | 63.7 | 78.1 | 138 | 27.9% |
| Estonia | 59.1 | 53.8 | 55.2 | 70.2 | 5.9% |
| Netherlands | 80.9 | 59.7 | 47.1 | 65.3 | -6.9% |
| Germany | 43.9 | 17.0 | 53.8 | 56.8 | 9.0% |
| Poland | 0.5 | 20.1 | 19.9 | 19.6 | 239.7% |
| Lithuania | 40.5 | 2.6 | 4.3 | 4.3 | -52.6% |
| Others | 267 | 76.8 | 89.2 | 93.7 | -29.5% |
| Total | 1,096 | 605 | 984 | 1,064 | -1.0% |
Top Suppliers of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor to Latvia in 2022:
- Italy (14.9 tons)
- Sweden (9.5 tons)
- Finland (2.8 tons)
- Estonia (2.3 tons)
- Netherlands (2.1 tons)
- Germany (1.3 tons)
- Poland (1.1 tons)
- Lithuania (0.3 tons)
Exports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Latvia
In 2022, exports of press-fasteners, snap-fasteners, press-studs and parts therefor from Latvia stood at 24 tons, growing by 7% on the year before. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +14.2% 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 +48.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 35%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of press-fasteners, snap-fasteners, press-studs and parts therefor soared to $854K in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 48%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 184 | 300 | 393 | 533 | 42.6% |
| Ukraine | 135 | 92.7 | 173 | 179 | 9.9% |
| Belarus | 38.2 | 42.5 | 97.5 | 89.9 | 33.0% |
| Lithuania | 4.5 | 8.6 | 3.9 | 10.5 | 32.6% |
| Germany | 4.9 | N/A | N/A | 7.5 | 15.2% |
| Others | 74.7 | 16.2 | 14.0 | 33.7 | -23.3% |
| Total | 441 | 460 | 682 | 854 | 24.6% |
Top Export Markets for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor from Latvia in 2022:
- Russia (13.1 tons)
- Ukraine (6.7 tons)
- Belarus (2.5 tons)
- Germany (0.6 tons)
- Lithuania (0.5 tons)
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