Price for Buttons; of Plastics, Not Covered with Textile Material in Latvia - 2023
Contents:
- Price for Buttons; of Plastics, Not Covered with Textile Material in Latvia (CIF) - 2022
- Price for Buttons; of Plastics, Not Covered with Textile Material in Latvia (FOB) - 2022
- Imports of Buttons; of Plastics, Not Covered with Textile Material in Latvia
- Exports of Buttons; of Plastics, Not Covered with Textile Material in Latvia
Price for Buttons; of Plastics, Not Covered with Textile Material in Latvia (CIF) - 2022
The average import price for buttons; of plastics, not covered with textile materials stood at $16,376 per ton in 2022, rising by 67% against the previous year. In general, the import price, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 70%. Over the period under review, average import prices attained the peak figure at $32,602 per ton 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 ($305,878 per ton), while the price for Lithuania ($9,614 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+26.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Buttons; of Plastics, Not Covered with Textile Material in Latvia (FOB) - 2022
In 2022, the average export price for buttons; of plastics, not covered with textile materials amounted to $43,148 per ton, with an increase of 1.6% against the previous year. Over the period under review, the export price enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2014 an increase of 71% against the previous year. The export price peaked at $62,247 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was North Macedonia ($375,000 per ton), while the average price for exports to Poland ($6,000 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 North Macedonia (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Buttons; of Plastics, Not Covered with Textile Material in Latvia
In 2022, purchases abroad of buttons; of plastics, not covered with textile materials decreased by -59.5% to 27 tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a sharp descent. The most prominent rate of growth was recorded in 2020 when imports increased by 18%. As a result, imports reached the peak of 116 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of buttons; of plastics, not covered with textile materials shrank dramatically to $435K in 2022. Overall, imports faced a abrupt slump. The growth pace was the most rapid in 2020 with an increase of 4.8% against the previous year. As a result, imports reached the peak of $666K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Buttons; of Plastics, Not Covered with Textile Material in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 388 | 452 | 418 | 212 | -18.2% |
| Poland | 67.7 | 36.3 | 48.7 | 40.2 | -15.9% |
| Sweden | 62.2 | 33.7 | 38.9 | 40.0 | -13.7% |
| Estonia | 28.8 | 29.3 | 38.8 | 36.6 | 8.3% |
| Denmark | 57.9 | 42.2 | 55.0 | 28.5 | -21.0% |
| Others | 31.0 | 73.3 | 44.6 | 78.0 | 36.0% |
| Total | 636 | 666 | 644 | 435 | -11.9% |
Top Suppliers of Buttons; of Plastics, Not Covered with Textile Material to Latvia in 2022:
- Lithuania (22.1 tons)
- Estonia (1.6 tons)
- Sweden (0.9 tons)
- Poland (0.6 tons)
- Denmark (0.4 tons)
Exports of Buttons; of Plastics, Not Covered with Textile Material in Latvia
In 2022, approx. 1 tons of buttons; of plastics, not covered with textile materials were exported from Latvia; with an increase of 2.8% on the previous year. The total export volume increased at an average annual rate of +7.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 41% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of buttons; of plastics, not covered with textile materials expanded slightly to $45K in 2022. Over the period under review, exports, however, recorded a perceptible descent. The pace of growth appeared the most rapid in 2021 when exports increased by 25%.
| Export of Buttons; of Plastics, Not Covered with Textile Material in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | 19.6 | 10.5 | 20.6 | 18.1 | -2.6% |
| Russia | 3.5 | 10.9 | 0.8 | 15.1 | 62.8% |
| Belarus | 16.5 | 9.0 | 6.1 | 4.2 | -36.6% |
| Vietnam | N/A | N/A | N/A | 3.8 | 0% |
| Estonia | 0.2 | N/A | 0.1 | 2.1 | 119.0% |
| North Macedonia | 8.1 | 2.2 | 0.7 | 0.8 | -53.8% |
| Sweden | N/A | N/A | 7.0 | N/A | 0% |
| Lithuania | N/A | 1.3 | 6.7 | N/A | 415.4% |
| Others | 0.1 | 0.2 | 0.7 | 0.5 | 71.0% |
| Total | 48.1 | 34.2 | 42.7 | 44.6 | -2.5% |
Top Export Markets for Buttons; of Plastics, Not Covered with Textile Material from Latvia in 2022:
- Ukraine (484.0 kg)
- Russia (330.0 kg)
- Estonia (77.0 kg)
- Belarus (58.0 kg)
- Vietnam (54.0 kg)
- North Macedonia (2.0 kg)
- Lithuania (1.0 kg)
- Sweden (1.0 kg)
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