Price for Wadding; Other Articles Thereof, of Man-Made Fibres in Latvia - 2023
Contents:
- Price for Wadding; Other Articles Thereof, of Man-Made Fibres in Latvia (CIF) - 2023
- Price for Wadding; Other Articles Thereof, of Man-Made Fibres in Latvia (FOB) - 2022
- Imports of Wadding; Other Articles Thereof, of Man-Made Fibres in Latvia
- Exports of Wadding; Other Articles Thereof, of Man-Made Fibres in Latvia
Price for Wadding; Other Articles Thereof, of Man-Made Fibres in Latvia (CIF) - 2023
The average import price for wadding; other articles thereof, of man-made fibreses stood at $8,807 per ton in October 2023, declining by -23.6% against the previous month. Overall, the import price recorded a noticeable reduction. The growth pace was the most rapid in June 2023 an increase of 167% month-to-month. Over the period under review, average import prices reached the maximum at $13,152 per ton in October 2022; however, from November 2022 to October 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Belgium ($32,056 per ton), while the price for the Czech Republic ($1,903 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Belgium (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wadding; Other Articles Thereof, of Man-Made Fibres in Latvia (FOB) - 2022
In 2022, the average export price for wadding; other articles thereof, of man-made fibreses amounted to $15,031 per ton, rising by 38% against the previous year. In general, the export price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 64%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Armenia ($18,749 per ton), while the average price for exports to Estonia ($8,198 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 (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wadding; Other Articles Thereof, of Man-Made Fibres in Latvia
For the fourth consecutive year, Latvia recorded growth in supplies from abroad of wadding; other articles thereof, of man-made fibreses, which increased by 13% to 94 tons in 2022. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 60%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of wadding; other articles thereof, of man-made fibreses shrank to $791K in 2022. In general, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 194%. As a result, imports attained the peak of $896K, and then fell in the following year.
| Import of Wadding; Other Articles Thereof, of Man-Made Fibres in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 32.3 | 61.1 | 225 | 419 | 135.0% |
| Sweden | 71.3 | 21.0 | 127 | 120 | 18.9% |
| China | 61.6 | 7.2 | 395 | 65.3 | 2.0% |
| France | N/A | N/A | 22.1 | 28.1 | 27.1% |
| Czech Republic | 7.0 | 9.4 | 6.2 | 27.8 | 58.4% |
| Italy | N/A | N/A | 5.0 | 27.6 | 452.0% |
| Belgium | 0.1 | 80.0 | 8.6 | 27.2 | 547.9% |
| Estonia | 45.2 | 61.5 | 23.8 | 12.3 | -35.2% |
| Others | 23.3 | 64.3 | 83.8 | 63.5 | 39.7% |
| Total | 241 | 305 | 896 | 791 | 48.6% |
Top Suppliers of Wadding; Other Articles Thereof, of Man-Made Fibres to Latvia in 2022:
- Germany (43.2 tons)
- Czech Republic (14.6 tons)
- Sweden (13.4 tons)
- Belgium (6.3 tons)
- Estonia (3.3 tons)
- China (2.9 tons)
- Italy (2.6 tons)
- France (2.2 tons)
Exports of Wadding; Other Articles Thereof, of Man-Made Fibres in Latvia
After three years of growth, shipments abroad of wadding; other articles thereof, of man-made fibreses decreased by -76.2% to 1.8 tons in 2022. In general, exports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by 286%. As a result, the exports reached the peak of 7.6 tons, and then declined sharply in the following year.
In value terms, exports of wadding; other articles thereof, of man-made fibreses contracted significantly to $27K in 2022. Overall, exports, however, showed prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 205% against the previous year. As a result, the exports attained the peak of $83K, and then fell sharply in the following year.
| Export of Wadding; Other Articles Thereof, of Man-Made Fibres in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Armenia | N/A | N/A | 1.5 | 8.3 | 453.3% |
| Russia | 15.5 | 20.9 | 41.1 | 7.7 | -20.8% |
| China | N/A | N/A | N/A | 6.0 | 0% |
| Sweden | N/A | N/A | 1.3 | 2.3 | 76.9% |
| Lithuania | 0.2 | N/A | 0.6 | 1.9 | 111.8% |
| Estonia | 0.1 | 6.0 | 1.1 | 1.0 | 115.4% |
| Ukraine | N/A | N/A | 37.5 | N/A | 0% |
| Others | 0.1 | 0.3 | 0.1 | N/A | 0.0% |
| Total | 15.9 | 27.3 | 83.2 | 27.3 | 19.7% |
Top Export Markets for Wadding; Other Articles Thereof, of Man-Made Fibres from Latvia in 2022:
- Russia (484.0 kg)
- Armenia (442.0 kg)
- China (363.0 kg)
- Sweden (234.0 kg)
- Lithuania (163.0 kg)
- Estonia (126.0 kg)
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This report provides an in-depth analysis of the wadding market in Latvia.
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