Price for Yarn of Combed Wool, Not Put Up for Retail Sale in Lithuania - 2023
Contents:
- Price for Yarn of Combed Wool, Not Put Up for Retail Sale in Lithuania (CIF) - 2022
- Price for Yarn of Combed Wool, Not Put Up for Retail Sale in Lithuania (FOB) - 2023
- Imports of Yarn of Combed Wool, Not Put Up for Retail Sale in Lithuania
- Exports of Yarn of Combed Wool, Not Put Up for Retail Sale in Lithuania
Price for Yarn of Combed Wool, Not Put Up for Retail Sale in Lithuania (CIF) - 2022
The average import price for yarn of combed wool, not put up for retail sale stood at $17,318 per ton in 2022, approximately mirroring the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2021 an increase of 17% against the previous year. As a result, import price reached the peak level of $17,411 per ton, leveling off 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 Italy ($25,568 per ton), while the price for the Czech Republic ($8,909 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Yarn of Combed Wool, Not Put Up for Retail Sale in Lithuania (FOB) - 2023
In December 2023, the average export price for yarn of combed wool, not put up for retail sale amounted to $11,357 per ton, with a decrease of -1.5% against the previous month. Over the period under review, the export price showed a pronounced reduction. The growth pace was the most rapid in August 2023 an increase of 43% m-o-m. Over the period under review, the average export prices reached the maximum at $24,401 per ton in January 2023; however, from February 2023 to December 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was Estonia ($20,972 per ton), while the average price for exports to Latvia ($9,031 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+42.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Yarn of Combed Wool, Not Put Up for Retail Sale in Lithuania
In 2022, approx. 1.6K tons of yarn of combed wool, not put up for retail sale were imported into Lithuania; with a decrease of -12.6% against the previous year's figure. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. As a result, imports attained the peak of 1.9K tons, and then contracted in the following year.
In value terms, imports of yarn of combed wool, not put up for retail sale reduced to $28M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +5.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 58%. As a result, imports reached the peak of $32M, and then contracted in the following year.
| Import of Yarn of Combed Wool, Not Put Up for Retail Sale in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4.1 | 5.3 | 10.3 | 8.0 | 25.0% |
| India | 1.5 | 0.6 | 3.9 | 4.4 | 43.1% |
| Bulgaria | 0.7 | N/A | 1.2 | 3.4 | 69.4% |
| Italy | 1.6 | 3.3 | 4.0 | 3.3 | 27.3% |
| United Kingdom | 8.0 | 5.1 | 3.1 | 2.4 | -33.1% |
| Ireland | 1.5 | 1.4 | 2.3 | 1.8 | 6.3% |
| Czech Republic | 3.0 | 2.5 | 2.5 | 1.7 | -17.2% |
| Others | 3.7 | 2.3 | 5.2 | 3.2 | -4.7% |
| Total | 24.2 | 20.5 | 32.4 | 28.2 | 5.2% |
Top Suppliers of Yarn of Combed Wool, Not Put Up for Retail Sale to Lithuania in 2022:
- India (341.2 tons)
- Germany (327.5 tons)
- United Kingdom (228.8 tons)
- Czech Republic (189.9 tons)
- Ireland (144.6 tons)
- Bulgaria (141.9 tons)
- Italy (129.2 tons)
Exports of Yarn of Combed Wool, Not Put Up for Retail Sale in Lithuania
Exports of yarn of combed wool, not put up for retail sale from Lithuania contracted to 82 tons in 2022, declining by -12% against 2021 figures. Over the period under review, exports recorded a significant curtailment.
In value terms, exports of yarn of combed wool, not put up for retail sale shrank to $1.5M in 2022. In general, exports faced a dramatic shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 25% against the previous year.
| Export of Yarn of Combed Wool, Not Put Up for Retail Sale in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 607 | 617 | 761 | 523 | -4.8% |
| Latvia | 232 | 263 | 516 | 314 | 10.6% |
| Kazakhstan | 3.4 | 10.2 | 17.8 | 231 | 308.0% |
| Belarus | 64.1 | 8.5 | 170 | 219 | 50.6% |
| Armenia | N/A | N/A | N/A | 79.1 | 0% |
| China | N/A | N/A | N/A | 39.4 | 0% |
| Estonia | N/A | N/A | 32.9 | 37.8 | 14.9% |
| United Kingdom | 498 | 184 | 5.8 | 1.3 | -86.2% |
| Ireland | 171 | 90.7 | 88.1 | N/A | -28.2% |
| Germany | 226 | 55.2 | 12.5 | N/A | -76.5% |
| Austria | 1,154 | N/A | N/A | N/A | 0% |
| Poland | 40.5 | 32.3 | N/A | N/A | -20.2% |
| Others | 172 | 61.8 | 43.1 | 14.8 | -55.9% |
| Total | 3,169 | 1,322 | 1,647 | 1,459 | -22.8% |
Top Export Markets for Yarn of Combed Wool, Not Put Up for Retail Sale from Lithuania in 2022:
- Latvia (34.2 tons)
- Russia (21.9 tons)
- Kazakhstan (10.0 tons)
- Belarus (8.6 tons)
- Estonia (2.1 tons)
- China (1.9 tons)
- Armenia (1.7 tons)
- United Kingdom (0.1 tons)
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