Price for Yarn of Carded Wool, Not Put Up for Retail Sale in Latvia - 2023
Contents:
- Price for Yarn of Carded Wool, Not Put Up for Retail Sale in Latvia (CIF) - 2023
- Price for Yarn of Carded Wool, Not Put Up for Retail Sale in Latvia (FOB) - 2022
- Imports of Yarn of Carded Wool, Not Put Up for Retail Sale in Latvia
- Exports of Yarn of Carded Wool, Not Put Up for Retail Sale in Latvia
Price for Yarn of Carded Wool, Not Put Up for Retail Sale in Latvia (CIF) - 2023
The average import price for yarn of carded wool, not put up for retail sale stood at $8,849 per ton in December 2023, picking up by 1.9% against the previous month. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 4.8% m-o-m. The import price peaked at $8,859 per ton in June 2023; however, from July 2023 to December 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Lithuania.
From December 2022 to December 2023, the rate of growth in terms of prices for Lithuania amounted to +0.7% per month.
Price for Yarn of Carded Wool, Not Put Up for Retail Sale in Latvia (FOB) - 2022
In 2022, the average export price for yarn of carded wool, not put up for retail sale amounted to $13,304 per ton, dropping by -11.9% against the previous year. Overall, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when the average export price increased by 924% against the previous year. As a result, the export price reached the peak level of $114,776 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($18,526 per ton), while the average price for exports to Lithuania ($12,913 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 Belarus (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Yarn of Carded Wool, Not Put Up for Retail Sale in Latvia
In 2022, after three years of growth, there was significant decline in purchases abroad of yarn of carded wool, not put up for retail sale, when their volume decreased by -6.2% to 332 tons. In general, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 272% against the previous year.
In value terms, imports of yarn of carded wool, not put up for retail sale fell modestly to $2.6M in 2022. Overall, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 287%.
| Import of Yarn of Carded Wool, Not Put Up for Retail Sale in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 0.3 | 1.1 | 2.3 | 2.4 | 100.0% |
| Ukraine | N/A | N/A | 0.2 | N/A | 0% |
| Others | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
| Total | 0.3 | 1.3 | 2.7 | 2.6 | 105.4% |
Top Suppliers of Yarn of Carded Wool, Not Put Up for Retail Sale to Latvia in 2022:
- Lithuania (327.8 tons)
Exports of Yarn of Carded Wool, Not Put Up for Retail Sale in Latvia
Exports of yarn of carded wool, not put up for retail sale from Latvia fell significantly to 1.2 tons in 2022, reducing by -65.6% against 2021. In general, exports recorded a precipitous descent. The smallest decline of -19.9% was in 2021.
In value terms, exports of yarn of carded wool, not put up for retail sale fell rapidly to $16K in 2022. Over the period under review, exports saw a dramatic slump. The smallest decline of -35.7% was in 2021.
| Export of Yarn of Carded Wool, Not Put Up for Retail Sale in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 1,791 | 15.6 | 19.1 | 13.9 | -80.2% |
| Russia | 11.4 | 64.6 | 32.4 | 1.1 | -54.1% |
| Belarus | N/A | N/A | N/A | 0.7 | 0% |
| Others | 6.6 | N/A | 0.1 | N/A | -87.7% |
| Total | 1,809 | 80.2 | 51.6 | 15.6 | -79.5% |
Top Export Markets for Yarn of Carded Wool, Not Put Up for Retail Sale from Latvia in 2022:
- Lithuania (1074.0 kg)
- Russia (57.0 kg)
- Belarus (43.0 kg)
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