Price for Yarn; of Flax, Single in Latvia - 2023

Contents:

1. Price for Yarn; of Flax, Single in Latvia (FOB) - 2022
2. Price for Yarn; of Flax, Single in Latvia (CIF) - 2022
3. Exports of Yarn; of Flax, Single in Latvia
4. Imports of Yarn; of Flax, Single in Latvia

Price for Yarn; of Flax, Single in Latvia (FOB) - 2022

In 2022, the average yarn; of flax, single export price amounted to $3,009 per ton, declining by -7.8% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 12% against the previous year. Over the period under review, the average export prices hit record highs at $3,264 per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($7,791 per ton), while the average price for exports to France amounted to $2,865 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+2.0%).

Price for Yarn; of Flax, Single in Latvia (CIF) - 2022

In 2022, the average yarn; of flax, single import price amounted to $10,890 per ton, waning by -15.6% against the previous year. Overall, the import price saw a noticeable decrease. The growth pace was the most rapid in 2021 when the average import price increased by 542% against the previous year. The import price peaked at $18,926 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Italy.

From 2012 to 2022, the rate of growth in terms of prices for Lithuania amounted to +1.2% per year.

Exports of Yarn; of Flax, Single in Latvia

In 2022, shipments abroad of yarn; of flax, singles decreased by -2.9% to 432 tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 15% against the previous year. As a result, the exports attained the peak of 498 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, yarn; of flax, single exports fell to $1.3M in 2022. The total export value increased at an average annual rate of +3.3% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 28% against the previous year. As a result, the exports attained the peak of $1.5M. From 2021 to 2022, the growth of the exports failed to regain momentum.

Top Export Markets for Yarn; of Flax, Single from Latvia in 2022:

1. France (424.3 tons)

Imports of Yarn; of Flax, Single in Latvia

In 2022, after two years of decline, there was significant growth in supplies from abroad of yarn; of flax, singles, when their volume increased by 7,557% to 1.6 tons. Over the period under review, imports, however, saw a precipitous contraction.

In value terms, yarn; of flax, single imports skyrocketed to $18K in 2022. Overall, imports, however, saw a dramatic curtailment.

Top Suppliers of Yarn; of Flax, Single to Latvia in 2022:

1. Italy (1.6 tons)

Source: IndexBox Market Intelligence Platform