Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Latvia - 2024

Contents:

1. Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Latvia (CIF) - 2022
2. Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Latvia (FOB) - 2024
3. Imports of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Latvia
4. Exports of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Latvia

Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Latvia (CIF) - 2022

The average import price for fabrics, knitted or crocheted, of a width of > 30 cms stood at $21,872 per ton in 2022, growing by 11% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 20%. Over the period under review, average import prices attained the maximum at $23,397 per ton in 2017; however, from 2018 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 ($38,092 per ton), while the price for China ($3,849 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Latvia (FOB) - 2024

In November 2023, the average export price for fabrics, knitted or crocheted, of a width of > 30 cms amounted to $21,974 per ton, reducing by -10.7% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 an increase of 63% m-o-m. Over the period under review, the average export prices attained the maximum at $32,491 per ton in September 2023; however, from October 2023 to November 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Ukraine ($42,835 per ton), while the average price for exports to Russia ($7,439 per ton) was amongst the lowest.

From January 2023 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Latvia

For the fourth consecutive year, Latvia recorded growth in supplies from abroad of fabrics, knitted or crocheted, of a width of > 30 cms, which increased by 29% to 481 tons in 2022. The total import volume increased at an average annual rate of +12.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of fabrics, knitted or crocheted, of a width of > 30 cms soared to $11M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +17.4% 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 +77.1% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm to Latvia in 2022:

1. Italy (161.3 tons)
2. China (71.6 tons)
3. Germany (67.2 tons)
4. Sweden (40.8 tons)
5. Lithuania (25.0 tons)
6. United States (24.6 tons)
7. Denmark (18.6 tons)
8. Turkey (15.4 tons)
9. Poland (11.2 tons)
10. Taiwan (Chinese) (9.7 tons)
11. Finland (8.0 tons)
12. France (8.0 tons)

Exports of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Latvia

In 2022, overseas shipments of fabrics, knitted or crocheted, of a width of > 30 cms were finally on the rise to reach 142 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports enjoyed a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of fabrics, knitted or crocheted, of a width of > 30 cms skyrocketed to $1.9M in 2022. Overall, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm from Latvia in 2022:

1. Ukraine (55.1 tons)
2. Denmark (32.7 tons)
3. Russia (17.6 tons)
4. Vietnam (12.0 tons)
5. Netherlands (8.2 tons)
6. Sweden (3.3 tons)
7. Lithuania (3.2 tons)
8. Belarus (1.0 tons)
9. Estonia (0.2 tons)

Source: IndexBox Market Intelligence Platform