Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Latvia - 2023

Contents:

1. Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Latvia (CIF) - 2022
2. Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Latvia (FOB) - 2022
3. Imports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Latvia
4. Exports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Latvia

Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Latvia (CIF) - 2022

In 2022, the average import price for synthetic staple fibres, carded, combed or otherwise processed for spinnings amounted to $6,877 per ton, dropping by -28.9% against the previous year. Over the period under review, the import price, however, enjoyed strong growth. The growth pace was the most rapid in 2021 when the average import price increased by 168% against the previous year. As a result, import price attained the peak level of $9,667 per ton, and then shrank notably 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 the UK ($27,000 per ton), while the price for Lithuania ($5,316 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+26.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Latvia (FOB) - 2022

In 2022, the average export price for synthetic staple fibres, carded, combed or otherwise processed for spinnings amounted to $716 per ton, dropping by -97.1% against the previous year. Over the period under review, the export price faced a precipitous descent. The growth pace was the most rapid in 2021 an increase of 683%. Over the period under review, the average export prices hit record highs at $76,000 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Armenia.

From 2013 to 2022, the rate of growth in terms of prices for Russia amounted to +57.5% per year.

Imports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Latvia

In 2022, the amount of synthetic staple fibres, carded, combed or otherwise processed for spinnings imported into Latvia surged to 4 tons, increasing by 30% against the previous year. Over the period under review, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 287% against the previous year. As a result, imports attained the peak of 11 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of synthetic staple fibres, carded, combed or otherwise processed for spinnings dropped to $27K in 2022. Overall, imports saw a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 154% against the previous year. As a result, imports attained the peak of $40K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning to Latvia in 2022:

1. Lithuania (2770.0 kg)
2. Italy (1008.0 kg)
3. Turkey (210.0 kg)
4. United Kingdom (6.0 kg)

Exports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Latvia

For the fourth consecutive year, Latvia recorded growth in shipments abroad of synthetic staple fibres, carded, combed or otherwise processed for spinnings, which increased by 1,661% to 1 tons in 2022. Over the period under review, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of synthetic staple fibres, carded, combed or otherwise processed for spinnings plummeted to $719 in 2022. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 4,363%. As a result, the exports attained the peak of $1.4K, and then shrank markedly in the following year.

Top Export Markets for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning from Latvia in 2022:

1. Armenia (1000.0 kg)

Source: IndexBox Market Intelligence Platform