Price for Silk; Woven Fabrics of Noil Silk in Latvia - 2023

Contents:

1. Price for Silk; Woven Fabrics of Noil Silk in Latvia (FOB) - 2022
2. Price for Silk; Woven Fabrics of Noil Silk in Latvia (CIF) - 2022
3. Exports of Silk; Woven Fabrics of Noil Silk in Latvia
4. Imports of Silk; Woven Fabrics of Noil Silk in Latvia

Price for Silk; Woven Fabrics of Noil Silk in Latvia (FOB) - 2022

In 2022, the average export price for silk; woven fabrics of noil silks amounted to $158,833 per ton, jumping by 336% against the previous year. In general, the export price enjoyed a buoyant increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 1,263%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Kyrgyzstan.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to -8.1% per year.

Price for Silk; Woven Fabrics of Noil Silk in Latvia (CIF) - 2022

In 2022, the average import price for silk; woven fabrics of noil silks amounted to $34,034 per ton, dropping by -46.3% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 146%. As a result, import price attained the peak level of $136,295 per ton. From 2015 to 2022, the average 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 China ($283,000 per ton), while the price for the Netherlands ($23,167 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Silk; Woven Fabrics of Noil Silk in Latvia

In 2022, shipments abroad of silk; woven fabrics of noil silks decreased by -92.3% to 24 kg for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 3,700%.

In value terms, exports of silk; woven fabrics of noil silks reduced notably to $3.8K in 2022. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 5,481% against the previous year.

Top Export Markets for Silk; Woven Fabrics of Noil Silk from Latvia in 2022:

1. Kyrgyzstan (24.0 kg)

Imports of Silk; Woven Fabrics of Noil Silk in Latvia

In 2022, the amount of silk; woven fabrics of noil silks imported into Latvia declined dramatically to 58 kg, with a decrease of -80.4% on the previous year. In general, imports recorded a sharp curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 261%. As a result, imports reached the peak of 296 kg, and then reduced rapidly in the following year.

In value terms, imports of silk; woven fabrics of noil silks dropped significantly to $2K in 2022. Over the period under review, imports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 604% against the previous year. As a result, imports attained the peak of $19K, and then reduced sharply in the following year.

Top Suppliers of Silk; Woven Fabrics of Noil Silk to Latvia in 2022:

1. Lithuania (51.0 kg)
2. Netherlands (6.0 kg)
3. China (1.0 kg)

Source: IndexBox Market Intelligence Platform