Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Latvia - 2023
Contents:
- Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Latvia (CIF) - 2022
- Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Latvia (FOB) - 2022
- Imports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Latvia
- Exports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Latvia
Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Latvia (CIF) - 2022
The average import price for track suits; of synthetic fibres, knitted or crocheteds stood at $19 per unit in 2022, rising by 8.9% against the previous year. In general, the import price saw a perceptible increase. The pace of growth appeared the most rapid in 2021 an increase of 106%. The import price peaked in 2022 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 ($48 per unit), while the price for the Netherlands ($9.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Latvia (FOB) - 2022
In 2022, the average export price for track suits; of synthetic fibres, knitted or crocheteds amounted to $28 per unit, growing by 14% against the previous year. Over the period under review, the export price enjoyed strong growth. The most prominent rate of growth was recorded in 2021 an increase of 71%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the near future.
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 ($44 per unit), while the average price for exports to the UK ($4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+25.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Latvia
In 2022, approx. 79K units of track suits; of synthetic fibres, knitted or crocheteds were imported into Latvia; picking up by 12% on 2021 figures. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +16.6% 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 +58.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 37%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of track suits; of synthetic fibres, knitted or crocheteds soared to $1.5M in 2022. Over the period under review, imports posted a significant expansion. The growth pace was the most rapid in 2021 with an increase of 182%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 125 | 31.2 | 625 | 489 | 57.6% |
| China | 212 | 53.0 | 269 | 405 | 24.1% |
| Poland | 32.7 | 107 | 48.5 | 169 | 72.9% |
| Germany | 94.7 | 25.1 | 117 | 158 | 18.6% |
| Netherlands | 15.7 | 20.0 | 47.5 | 79.9 | 72.0% |
| France | 0.1 | N/A | 2.6 | 46.6 | 675.3% |
| Austria | N/A | N/A | N/A | 26.1 | 0% |
| Belgium | 55.3 | 29.9 | 2.3 | 25.5 | -22.7% |
| Lithuania | 34.7 | 85.9 | 49.7 | 17.7 | -20.1% |
| Others | 59.5 | 78.1 | 52.9 | 62.0 | 1.4% |
| Total | 630 | 430 | 1,214 | 1,479 | 32.9% |
Top Suppliers of Track Suits; of Synthetic Fibres, Knitted or Crocheted to Latvia in 2022:
- China (35.5K units)
- Italy (10.1K units)
- Netherlands (8.2K units)
- Poland (7.7K units)
- Germany (6.3K units)
- France (4.3K units)
- Austria (1.7K units)
- Lithuania (1.2K units)
- Belgium (1.2K units)
Exports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Latvia
In 2022, the amount of track suits; of synthetic fibres, knitted or crocheteds exported from Latvia soared to 40K units, increasing by 26% against 2021. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 215% against the previous year. As a result, the exports reached the peak of 48K units. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of track suits; of synthetic fibres, knitted or crocheteds surged to $1.1M in 2022. Over the period under review, exports saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 134%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 158 | 310 | 595 | 763 | 69.0% |
| Lithuania | 51.1 | 36.5 | 51.3 | 130 | 36.5% |
| Estonia | 62.9 | 58.8 | 61.4 | 122 | 24.7% |
| Spain | N/A | 4.6 | 43.4 | 38.5 | 189.3% |
| Czech Republic | 8.2 | 14.6 | 14.8 | 32.3 | 57.9% |
| Poland | 5.1 | 1.2 | 5.2 | 15.9 | 46.1% |
| United Kingdom | N/A | 164 | N/A | N/A | 0% |
| Others | 13.7 | 109 | 21.7 | 36.5 | 38.6% |
| Total | 299 | 699 | 792 | 1,139 | 56.2% |
Top Export Markets for Track Suits; of Synthetic Fibres, Knitted or Crocheted from Latvia in 2022:
- Russia (17.4K units)
- Estonia (8.2K units)
- Lithuania (7.8K units)
- Spain (2.3K units)
- Czech Republic (2.1K units)
- Poland (0.6K units)
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