Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Latvia - 2023

Contents:

1. Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Latvia (CIF) - 2022
2. Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Latvia (FOB) - 2022
3. Imports of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Latvia
4. Exports of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Latvia

Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Latvia (CIF) - 2022

In 2022, the average import price for cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses amounted to $6,319 per ton, growing by 57% against the previous year. Over the period under review, the import price, however, continues to indicate a mild reduction. The import price peaked at $9,476 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($15,517 per ton), while the price for Estonia ($3,395 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Latvia (FOB) - 2022

In 2022, the average export price for cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses amounted to $11,692 per ton, increasing by 14% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 31% against the previous year. Over the period under review, the average export prices hit record highs at $15,240 per ton in 2014; however, from 2015 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 Russia ($17,043 per ton), while the average price for exports to Estonia ($8,416 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 Russia (+1.0%), while the prices for the other major destinations experienced a decline.

Imports of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Latvia

After three years of growth, overseas purchases of cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses decreased by -34.9% to 556 tons in 2022. Over the period under review, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 183% against the previous year. As a result, imports attained the peak of 854 tons, and then reduced markedly in the following year.

In value terms, imports of cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses expanded to $3.5M in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.8% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 38%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Top Suppliers of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths to Latvia in 2022:

1. Lithuania (180.5 tons)
2. Estonia (61.4 tons)
3. Germany (58.2 tons)
4. Poland (49.0 tons)
5. Finland (48.4 tons)
6. Czech Republic (39.2 tons)
7. Italy (27.6 tons)
8. China (26.6 tons)

Exports of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Latvia

In 2022, approx. 54 tons of cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses were exported from Latvia; surging by 11% compared with the year before. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.3% 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 +74.0% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 40% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses surged to $637K in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +22.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +81.4% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 35% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in the immediate term.

Top Export Markets for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths from Latvia in 2022:

1. Lithuania (20.6 tons)
2. Estonia (15.8 tons)
3. Russia (14.9 tons)

Source: IndexBox Market Intelligence Platform