Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Latvia - 2023

Contents:

1. Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Latvia (CIF) - 2023
2. Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Latvia (FOB) - 2022
3. Imports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Latvia
4. Exports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Latvia

Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Latvia (CIF) - 2023

The average import price for cotton waste (including yarn waste and garnetted stock) stood at $1,101 per ton in December 2023, which is down by -62.4% against the previous month. Over the period under review, the import price, however, posted a strong increase. The most prominent rate of growth was recorded in January 2023 an increase of 332% month-to-month. The import price peaked at $3,094 per ton in August 2023; however, from September 2023 to December 2023, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the Czech Republic.

From December 2022 to December 2023, the rate of growth in terms of prices for Germany amounted to +21.5% per month.

Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Latvia (FOB) - 2022

In 2021, the average export price for cotton waste (including yarn waste and garnetted stock) amounted to $1,100 per ton, waning by -8.3% against the previous year. Overall, the export price, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by 174%. Over the period under review, the average export prices attained the maximum at $2,458 per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Lithuania.

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to +28.2% per year.

Imports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Latvia

In 2022, after two years of decline, there was significant growth in supplies from abroad of cotton waste (including yarn waste and garnetted stock), when their volume increased by 1,106% to 215 tons. In general, imports showed a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of cotton waste (including yarn waste and garnetted stock) soared to $513K in 2022. Overall, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Cotton Waste (Including Yarn Waste and Garnetted Stock) to Latvia in 2022:

1. Pakistan (151.4 tons)
2. Poland (54.0 tons)
3. Czech Republic (9.3 tons)

Exports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Latvia

In 2021, the amount of cotton waste (including yarn waste and garnetted stock) exported from Latvia amounted to 10 kg, flattening at the previous year's figure. Overall, exports showed a dramatic contraction. The smallest decline of 99.9% was in 2020.

In value terms, exports of cotton waste (including yarn waste and garnetted stock) contracted to $11 in 2021. Over the period under review, exports showed a dramatic decline.

Top Export Markets for Cotton Waste (Including Yarn Waste and Garnetted Stock) from Latvia in 2022:

1. Lithuania (10.0 kg)

Source: IndexBox Market Intelligence Platform