Latvia - Artificial Fur - Market Analysis, Forecast, Size, Trends And Insights
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View PricingArtificial Fur Price in Latvia - 2023
Contents:
- Artificial Fur Price in Latvia (CIF) - 2022
- Artificial Fur Price in Latvia (FOB) - 2022
- Artificial Fur Imports in Latvia
- Artificial Fur Exports in Latvia
Artificial Fur Price in Latvia (CIF) - 2022
In 2022, the average artificial fur import price amounted to $44,914 per ton, surging by 114% against the previous year. Over the period under review, the import price enjoyed a strong expansion. As a result, import price attained the peak level and is likely to continue 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 Italy ($100,035 per ton), while the price for Estonia ($7,554 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+25.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Artificial Fur Price in Latvia (FOB) - 2022
The average artificial fur export price stood at $92,543 per ton in 2022, picking up by 326% against the previous year. Overall, the export price enjoyed a resilient increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($99,548 per ton), while the average price for exports to Lithuania ($12,673 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 Russia (+11.0%), while the prices for the other major destinations experienced mixed trend patterns.
Artificial Fur Imports in Latvia
For the third consecutive year, Latvia recorded decline in overseas purchases of artificial fur, which decreased by -47.5% to 2.6 tons in 2022. Over the period under review, imports saw a significant curtailment. The smallest decline of -36% was in 2021.
In value terms, artificial fur imports rose remarkably to $117K in 2022. Overall, imports continue to indicate a abrupt descent.
Import of Artificial Fur in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 16.8 | 36.8 | 28.8 | 89.2 | 74.5% |
Germany | 10.9 | 2.8 | 10.3 | 5.8 | -19.0% |
Estonia | 7.4 | 35.6 | 36.8 | 5.3 | -10.5% |
Denmark | 110 | N/A | 2.5 | 5.2 | -63.8% |
Poland | 0.4 | 5.0 | 3.5 | 4.1 | 117.2% |
Lithuania | 3.2 | 0.6 | 3.0 | 1.7 | -19.0% |
China | 10.7 | 7.3 | 0.2 | 0.2 | -73.5% |
Others | 8.7 | 24.1 | 18.9 | 5.3 | -15.2% |
Total | 168 | 112 | 104 | 117 | -11.4% |
Top Suppliers of Artificial Fur to Latvia in 2022:
- Italy (892.0 kg)
- Estonia (707.0 kg)
- Poland (364.0 kg)
- Denmark (327.0 kg)
- Lithuania (165.0 kg)
- Germany (79.0 kg)
- China (3.0 kg)
Artificial Fur Exports in Latvia
In 2022, overseas shipments of artificial fur decreased by -71.8% to 932 kg, falling for the second year in a row after two years of growth. In general, exports continue to indicate a sharp descent. The most prominent rate of growth was recorded in 2020 when exports increased by 206%. As a result, the exports reached the peak of 12 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, artificial fur exports skyrocketed to $86K in 2022. Over the period under review, exports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 160% against the previous year. As a result, the exports reached the peak of $145K. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Artificial Fur in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 11.0 | 10.7 | 28.0 | 82.6 | 95.8% |
Italy | 1.3 | N/A | 2.8 | 2.4 | 22.7% |
Lithuania | 20.3 | 52.5 | 17.7 | 0.7 | -67.5% |
Estonia | 14.9 | 56.4 | 10.1 | 0.3 | -72.8% |
Bulgaria | 2.8 | N/A | N/A | N/A | 0% |
United States | 5.3 | 10.0 | N/A | N/A | 88.7% |
Others | N/A | 15.3 | 13.1 | 0.2 | -88.6% |
Total | 55.7 | 145 | 71.7 | 86.3 | 15.7% |
Top Export Markets for Artificial Fur from Latvia in 2022:
- Russia (830.0 kg)
- Lithuania (55.0 kg)
- Italy (25.0 kg)
- Estonia (20.0 kg)
This report provides an in-depth analysis of the artificial fur market in Latvia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 13911920 - Artificial fur and articles thereof
Country coverage:
- Latvia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Latvia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In value terms, artificial fur and articles thereof imports stood at $X in 2016. Overall, it indicated a significant expansion from 2007 to 2016: the total imports value decreased at an average ann...
In value terms, artificial fur and articles thereof exports stood at $X in 2016. Overall, it indicated a measured growth from 2007 to 2016: the total exports value decreased at an average annual rat...
In value terms, artificial fur and articles thereof imports stood at $X in 2016. Overall, it indicated a significant expansion from 2007 to 2016: the total imports value decreased at an average ann...
In value terms, artificial fur and articles thereof exports stood at $X in 2016. Overall, it indicated a measured growth from 2007 to 2016: the total exports value decreased at an average annual rat...