Price for Knitted or Crocheted Pile Fabrics in Latvia - 2024
Contents:
- Price for Knitted or Crocheted Pile Fabrics in Latvia (CIF) - 2022
- Price for Knitted or Crocheted Pile Fabrics in Latvia (FOB) - 2022
- Imports of Knitted or Crocheted Pile Fabrics in Latvia
- Exports of Knitted or Crocheted Pile Fabrics in Latvia
Price for Knitted or Crocheted Pile Fabrics in Latvia (CIF) - 2022
The average import price for knitted or crocheted pile fabricses stood at $17,281 per ton in 2022, surging by 8.8% against the previous year. Overall, the import price, however, recorded a pronounced downturn. The growth pace was the most rapid in 2021 an increase of 31%. Over the period under review, average import prices hit record highs at $28,814 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
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 the United States ($34,278 per ton), while the price for Finland ($5,594 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Knitted or Crocheted Pile Fabrics in Latvia (FOB) - 2022
In 2022, the average export price for knitted or crocheted pile fabricses amounted to $13,801 per ton, picking up by 56% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 69%. As a result, the export price attained the peak level of $15,948 per ton. From 2017 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($35,949 per ton), while the average price for exports to Estonia ($4,081 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 Vietnam (+6.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Knitted or Crocheted Pile Fabrics in Latvia
Knitted or crocheted pile fabrics imports into Latvia reached 249 tons in 2022, picking up by 13% on the previous year's figure. In general, imports posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 273%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, knitted or crocheted pile fabrics imports surged to $4.3M in 2022. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 155%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Knitted or Crocheted Pile Fabrics in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 223 | 487 | 743 | 1,231 | 76.7% |
| China | 280 | 231 | 522 | 892 | 47.1% |
| Spain | 2.2 | 371 | 618 | 772 | 605.3% |
| Italy | 143 | 1,131 | 884 | 694 | 69.3% |
| Estonia | 112 | 162 | 173 | 204 | 22.1% |
| Poland | 75.3 | 116 | 108 | 151 | 26.1% |
| Finland | 88.1 | 124 | 50.8 | 111 | 8.0% |
| Lithuania | 79.8 | 159 | 332 | 75.3 | -1.9% |
| Others | 150 | 163 | 83.5 | 174 | 5.1% |
| Total | 1,153 | 2,945 | 3,513 | 4,303 | 55.1% |
Top Suppliers of Knitted or Crocheted Pile Fabrics to Latvia in 2022:
- Italy (78.6 tons)
- China (45.2 tons)
- United States (35.9 tons)
- Spain (25.7 tons)
- Finland (19.8 tons)
- Estonia (16.2 tons)
- Poland (9.5 tons)
- Lithuania (7.0 tons)
Exports of Knitted or Crocheted Pile Fabrics in Latvia
In 2022, shipments abroad of knitted or crocheted pile fabricses decreased by -13.8% to 87 tons, falling for the second consecutive year after two years of growth. Overall, exports, however, showed significant growth. The growth pace was the most rapid in 2020 with an increase of 1,309% against the previous year. As a result, the exports attained the peak of 137 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, knitted or crocheted pile fabrics exports soared to $1.2M in 2022. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 743% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Knitted or Crocheted Pile Fabrics in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 12.2 | 1,011 | 804 | 627 | 271.8% |
| Vietnam | 4.8 | 0.3 | N/A | 490 | 367.4% |
| Ukraine | 88.8 | 41.0 | 73.4 | 76.8 | -4.7% |
| Estonia | 5.7 | 7.7 | 9.8 | 3.5 | -15.0% |
| Others | 14.7 | 4.3 | 6.8 | 8.2 | -17.7% |
| Total | 126 | 1,064 | 894 | 1,205 | 112.3% |
Top Export Markets for Knitted or Crocheted Pile Fabrics from Latvia in 2022:
- Russia (68.0 tons)
- Vietnam (13.6 tons)
- Ukraine (4.3 tons)
- Estonia (0.9 tons)
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