Price for Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Latvia - 2023

Contents:

  1. Price for Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Latvia (CIF) - 2022
  2. Price for Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Latvia (FOB) - 2022
  3. Imports of Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Latvia
  4. Exports of Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Latvia

Price for Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Latvia (CIF) - 2022

The average import price for woven fabrics of combed wool or of combed fine animal hair stood at $18 per square meter in 2022, increasing by 13% against the previous year. Overall, the import price saw prominent growth. The most prominent rate of growth was recorded in 2020 an increase of 72% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 Germany ($73 per square meter), while the price for Portugal ($4 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+19.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Latvia (FOB) - 2022

In 2022, the average export price for woven fabrics of combed wool or of combed fine animal hair amounted to $63 per square meter, surging by 5.2% against the previous year. Overall, the export price showed strong growth. The most prominent rate of growth was recorded in 2020 an increase of 332%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kyrgyzstan ($250 per square meter), while the average price for exports to Russia ($43 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+61.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Latvia

In 2022, imports of woven fabrics of combed wool or of combed fine animal hair into Latvia declined notably to 38K square meters, reducing by -29.3% compared with 2021. In general, imports faced a precipitous decrease. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. Imports peaked at 81K square meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of woven fabrics of combed wool or of combed fine animal hair contracted markedly to $698K in 2022. Overall, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 94%. As a result, imports reached the peak of $876K, and then fell rapidly in the following year.

Import of Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Latvia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Sweden11729.122623526.2%
Italy55.354.123123361.5%
Germany0.21.012667.4595.9%
Denmark84.023887.851.1-15.3%
Estonia40.941.862.539.5-1.2%
United Kingdom4.710.619.031.287.9%
Lithuania38.445.54.518.1-22.2%
China21.94.62.6N/A-65.5%
Others15525.311622.4-47.5%
Total51845087669810.5%

Top Suppliers of Woven Fabrics of Combed Wool or of Combed Fine Animal Hair to Latvia in 2022:

  1. Italy (12.5K square meters)
  2. Sweden (8.9K square meters)
  3. Estonia (8.8K square meters)
  4. Denmark (2.3K square meters)
  5. United Kingdom (1.8K square meters)
  6. Lithuania (1.0K square meters)
  7. Germany (0.9K square meters)

Exports of Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Latvia

In 2022, approx. 2K square meters of woven fabrics of combed wool or of combed fine animal hair were exported from Latvia; waning by -61.8% on 2021 figures. In general, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 130% against the previous year. As a result, the exports reached the peak of 5.3K square meters, and then dropped rapidly in the following year.

In value terms, exports of woven fabrics of combed wool or of combed fine animal hair contracted remarkably to $127K in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 299% against the previous year. As a result, the exports reached the peak of $315K, and then shrank dramatically in the following year.

Export of Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Latvia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
RussiaN/A46.327173.325.8%
KyrgyzstanN/AN/AN/A42.00%
ChinaN/AN/A7.45.6-24.3%
ArmeniaN/AN/AN/A3.90%
Hong Kong SARN/A28.527.71.4-77.8%
Denmark20.74.16.8N/A-42.7%
Others0.2N/A2.00.20.0%
Total21.078.931512782.2%

Top Export Markets for Woven Fabrics of Combed Wool or of Combed Fine Animal Hair from Latvia in 2022:

  1. Russia (1706.0 square meters)
  2. Kyrgyzstan (168.0 square meters)
  3. Armenia (58.0 square meters)
  4. China (50.0 square meters)
  5. Hong Kong SAR (23.0 square meters)

Source: IndexBox Market Intelligence Platform

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