Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Latvia - 2023
Contents:
- Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Latvia (CIF) - 2022
- Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Latvia (FOB) - 2023
- Imports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Latvia
- Exports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Latvia
Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Latvia (CIF) - 2022
In 2022, the average import price for carpets and other textile floor coverings; tufted, whether or not made ups amounted to $8 per square meter, waning by -7.5% against the previous year. Over the period under review, the import price showed a mild downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by 9.8%. The import price peaked at $9.2 per square meter in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($19 per square meter), while the price for the Netherlands ($5 per square meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Latvia (FOB) - 2023
The average export price for carpets and other textile floor coverings; tufted, whether or not made ups stood at $6.6 per square meter in December 2023, rising by 4.2% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in November 2023 when the average export price increased by 20% month-to-month. The export price peaked at $7.5 per square meter in September 2023; however, from October 2023 to December 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was Norway ($24.8 per square meter), while the average price for exports to Estonia ($6.0 per square meter) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+7.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Latvia
In 2022, approx. 782K square meters of carpets and other textile floor coverings; tufted, whether or not made ups were imported into Latvia; growing by 26% on 2021 figures. The total import volume increased at an average annual rate of +11.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of carpets and other textile floor coverings; tufted, whether or not made ups surged to $6.3M in 2022. The total import value increased at an average annual rate of +11.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 19% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 891 | 925 | 1,483 | 1,281 | 12.9% |
| Poland | 404 | 686 | 790 | 1,118 | 40.4% |
| Netherlands | 517 | 663 | 984 | 1,094 | 28.4% |
| Denmark | 747 | 1,149 | 936 | 487 | -13.3% |
| Germany | 315 | 341 | 321 | 405 | 8.7% |
| China | 90.7 | 270 | 118 | 309 | 50.5% |
| Estonia | 167 | 190 | 114 | 290 | 20.2% |
| India | 101 | 191 | 124 | 237 | 32.9% |
| Egypt | 103 | 118 | 85.6 | 142 | 11.3% |
| Lithuania | 154 | 106 | 43.1 | 64.5 | -25.2% |
| United Kingdom | 682 | 501 | 9.5 | 16.3 | -71.2% |
| Others | 387 | 290 | 393 | 836 | 29.3% |
| Total | 4,558 | 5,428 | 5,401 | 6,279 | 11.3% |
Top Suppliers of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up to Latvia in 2022:
- Netherlands (218.8K square meters)
- Belgium (178.4K square meters)
- Poland (117.9K square meters)
- Germany (47.0K square meters)
- China (44.9K square meters)
- Estonia (43.5K square meters)
- India (33.3K square meters)
- Denmark (25.9K square meters)
- Egypt (16.5K square meters)
- Lithuania (7.7K square meters)
- United Kingdom (0.7K square meters)
Exports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Latvia
In 2022, exports of carpets and other textile floor coverings; tufted, whether or not made ups from Latvia surged to 260K square meters, growing by 17% compared with the previous year. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of carpets and other textile floor coverings; tufted, whether or not made ups surged to $2.1M in 2022. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 40% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 521 | 526 | 652 | 810 | 15.8% |
| Estonia | 148 | 256 | 457 | 430 | 42.7% |
| Russia | 109 | 370 | 503 | 294 | 39.2% |
| Kazakhstan | 43.6 | N/A | N/A | 230 | 74.1% |
| Armenia | N/A | N/A | N/A | 191 | 0% |
| Belarus | 39.6 | 34.6 | 55.3 | 30.0 | -8.8% |
| Others | 49.0 | 88.6 | 40.9 | 74.4 | 14.9% |
| Total | 911 | 1,275 | 1,707 | 2,060 | 31.3% |
Top Export Markets for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up from Latvia in 2022:
- Lithuania (155.6K square meters)
- Estonia (71.3K square meters)
- Russia (13.2K square meters)
- Kazakhstan (9.6K square meters)
- Armenia (5.9K square meters)
- Belarus (3.3K square meters)
138
This report provides an in-depth analysis of the tufted carpet market in Latvia.
1016
This report provides an in-depth analysis of the global tufted carpet market.
138
This report provides an in-depth analysis of the tufted carpet market in Latvia.
1016
This report provides an in-depth analysis of the global tufted carpet market.
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