Price for Wool, Not Carded or Combed in Latvia - 2023
Contents:
- Price for Wool, Not Carded or Combed in Latvia (CIF) - 2022
- Price for Wool, Not Carded or Combed in Latvia (FOB) - 2023
- Imports of Wool, Not Carded or Combed in Latvia
- Exports of Wool, Not Carded or Combed in Latvia
Price for Wool, Not Carded or Combed in Latvia (CIF) - 2022
In 2022, the average import price for wool, not carded or combed amounted to $3,159 per ton, declining by -9.4% against the previous year. Overall, the import price continues to indicate a deep setback. The growth pace was the most rapid in 2016 an increase of 4% against the previous year. Over the period under review, average import prices hit record highs at $6,040 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the UK ($4,157 per ton) and Lithuania ($4,143 per ton), while the price for Germany ($2,784 per ton) and New Zealand ($3,164 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (-3.4%), while the prices for the other major suppliers experienced a decline.
Price for Wool, Not Carded or Combed in Latvia (FOB) - 2023
In September 2023, the average export price for wool, not carded or combed amounted to $4,323 per ton, rising by 26% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.4%. The growth pace was the most rapid in May 2023 when the average export price increased by 27% against the previous month. Over the period under review, the average export prices attained the peak figure in September 2023.
As there is only one major export destination, the average price level is determined by prices for Lithuania.
From September 2022 to September 2023, the rate of growth in terms of prices for Lithuania amounted to +2.4% per month.
Imports of Wool, Not Carded or Combed in Latvia
In 2022, wool, not carded or combed imports into Latvia soared to 772 tons, increasing by 20% on 2021. In general, imports, however, showed a pronounced contraction. The most prominent rate of growth was recorded in 2021 with an increase of 30%.
In value terms, wool, not carded or combed imports expanded sharply to $2.4M in 2022. Over the period under review, imports, however, recorded a abrupt curtailment.
| Import of Wool, Not Carded or Combed in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 2,410 | 1,849 | 1,926 | 2,134 | -4.0% |
| Germany | 9.4 | 0.1 | 99.7 | 218 | 185.2% |
| Lithuania | 1,102 | 37.4 | 50.6 | 36.1 | -68.0% |
| United Kingdom | 78.7 | 129 | 153 | 12.5 | -45.8% |
| Others | 12.5 | 47.3 | 7.2 | 39.4 | 46.6% |
| Total | 3,613 | 2,063 | 2,236 | 2,440 | -12.3% |
Top Suppliers of Wool, Not Carded or Combed to Latvia in 2022:
- New Zealand (674.6 tons)
- Germany (78.1 tons)
- Lithuania (8.7 tons)
- United Kingdom (3.0 tons)
Exports of Wool, Not Carded or Combed in Latvia
For the fourth consecutive year, Latvia recorded growth in overseas shipments of wool, not carded or combed, which increased by 14% to 458 tons in 2022. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2020 when exports increased by 2,146%. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, wool, not carded or combed exports rose to $1.5M in 2022. Over the period under review, exports recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 2,274%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.
| Export of Wool, Not Carded or Combed in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 27.3 | 649 | 1,472 | 1,522 | 282.0% |
| Others | N/A | N/A | 6.3 | 10.4 | 65.1% |
| Total | 27.3 | 649 | 1,478 | 1,532 | 282.9% |
Top Export Markets for Wool, Not Carded or Combed from Latvia in 2022:
- Lithuania (454.5 tons)
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