Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Latvia - 2023
Contents:
- Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Latvia (CIF) - 2022
- Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Latvia (FOB) - 2022
- Imports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Latvia
- Exports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Latvia
Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Latvia (CIF) - 2022
The average import price for articles of apparel, clothing accessories and other articles of furskin stood at $224 per unit in 2022, with an increase of 3.5% against the previous year. Over the period under review, the import price, however, saw a deep downturn. The pace of growth appeared the most rapid in 2018 when the average import price increased by 112% against the previous year. The import price peaked at $388 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Italy ($1,063 per unit), while the price for Denmark ($48 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+30.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Latvia (FOB) - 2022
In 2022, the average export price for articles of apparel, clothing accessories and other articles of furskin amounted to $335 per unit, shrinking by -24.4% against the previous year. Overall, the export price, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 180% against the previous year. Over the period under review, the average export prices attained the maximum at $495 per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($779 per unit), while the average price for exports to Finland ($38 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 Belarus (+31.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Latvia
After two years of decline, supplies from abroad of articles of apparel, clothing accessories and other articles of furskin increased by 10% to 2.2K units in 2022. In general, imports, however, saw a abrupt slump. Imports peaked at 4.1K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of articles of apparel, clothing accessories and other articles of furskin expanded rapidly to $497K in 2022. Overall, imports, however, recorded a abrupt setback. Over the period under review, imports of hit record highs at $583K in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | N/A | 0.2 | 237 | 306 | 3811.5% |
| Italy | 69.5 | 61.1 | 14.4 | 78.7 | 4.2% |
| Germany | 53.4 | 13.0 | 19.9 | 28.0 | -19.4% |
| Poland | 5.4 | 20.7 | 25.2 | 12.6 | 32.6% |
| Finland | 4.5 | 5.4 | 6.1 | 12.4 | 40.2% |
| Lithuania | 64.3 | 41.2 | 25.9 | 11.5 | -43.7% |
| Cyprus | N/A | 9.1 | N/A | 5.7 | -20.9% |
| Estonia | 7.6 | 64.0 | 3.2 | 5.1 | -12.5% |
| China | 57.6 | 1.9 | 1.8 | 2.8 | -63.5% |
| Denmark | 7.6 | 0.8 | 4.8 | 2.7 | -29.2% |
| Greece | 265 | 82.7 | 27.9 | 2.6 | -78.6% |
| Romania | 5.4 | 56.1 | 17.7 | N/A | 81.0% |
| Others | 42.4 | 54.0 | 51.7 | 28.1 | -12.8% |
| Total | 583 | 410 | 436 | 497 | -5.2% |
Top Suppliers of Articles of Apparel, Clothing Accessories and Other Articles of Furskin to Latvia in 2022:
- Sweden (1553.0 units)
- Germany (235.0 units)
- Finland (142.0 units)
- Italy (74.0 units)
- Denmark (57.0 units)
- Lithuania (44.0 units)
- Poland (33.0 units)
- Estonia (21.0 units)
- China (9.0 units)
- Greece (4.0 units)
- Cyprus (3.0 units)
Exports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Latvia
In 2022, shipments abroad of articles of apparel, clothing accessories and other articles of furskin was finally on the rise to reach 280 units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, faced a abrupt contraction. The exports peaked at 445 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of articles of apparel, clothing accessories and other articles of furskin surged to $94K in 2022. The total export value increased at an average annual rate of +3.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 3.3 | 29.5 | 20.9 | 45.0 | 138.9% |
| Armenia | N/A | N/A | N/A | 10.6 | 0% |
| Lithuania | 37.7 | 35.7 | 31.4 | 9.4 | -37.1% |
| Belarus | N/A | 9.1 | N/A | 8.2 | -5.1% |
| Estonia | 5.4 | 2.7 | 4.3 | 7.5 | 11.6% |
| Norway | N/A | N/A | 0.1 | 0.6 | 500.0% |
| Finland | N/A | N/A | N/A | 0.4 | 0% |
| Bulgaria | 4.0 | N/A | N/A | N/A | 0% |
| Denmark | 5.8 | N/A | N/A | N/A | 0% |
| Others | 27.9 | 6.1 | 8.0 | 12.3 | -23.9% |
| Total | 84.1 | 83.1 | 64.8 | 93.9 | 3.7% |
Top Export Markets for Articles of Apparel, Clothing Accessories and Other Articles of Furskin from Latvia in 2022:
- Russia (122.0 units)
- Estonia (80.0 units)
- Armenia (26.0 units)
- Belarus (12.0 units)
- Lithuania (12.0 units)
- Finland (10.0 units)
- Norway (5.0 units)
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