Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Latvia - 2024

Contents:

1. Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Latvia (FOB) - 2022
2. Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Latvia (CIF) - 2022
3. Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Latvia
4. Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Latvia

Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Latvia (FOB) - 2022

The average export price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses stood at $1,226 per ton in 2022, with a decrease of -33.1% against the previous year. In general, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses increased by +19.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 79%. Over the period under review, the average export prices attained the maximum at $1,912 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat 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 Slovenia ($4,121 per ton), while the average price for exports to Lithuania ($771 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 Lithuania (+2.1%), while the prices for the other major destinations experienced a decline.

Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Latvia (CIF) - 2022

The average import price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses stood at $2,018 per ton in 2022, reducing by -5.5% against the previous year. In general, the import price recorded a pronounced setback. The pace of growth appeared the most rapid in 2018 an increase of 39% against the previous year. As a result, import price attained the peak level of $2,784 per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Netherlands ($2,364 per ton) and Estonia ($2,006 per ton), while the price for Finland ($1,739 per ton) and Lithuania ($1,957 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Latvia

In 2022, approx. 2K tons of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses were exported from Latvia; increasing by 242% against the year before. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses skyrocketed to $2.5M in 2022. In general, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres from Latvia in 2022:

1. Lithuania (1146.0 tons)
2. Germany (383.3 tons)
3. Slovakia (377.2 tons)
4. Slovenia (92.8 tons)

Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Latvia

Imports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses into Latvia fell rapidly to 30 tons in 2022, declining by -28.5% against the previous year. Overall, imports showed a dramatic slump. The growth pace was the most rapid in 2021 when imports increased by 19%.

In value terms, imports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses dropped markedly to $60K in 2022. In general, imports faced a deep contraction. The growth pace was the most rapid in 2021 when imports increased by 7.4%.

Top Suppliers of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres to Latvia in 2022:

1. Lithuania (23.4 tons)
2. Netherlands (5.0 tons)
3. Finland (1.1 tons)
4. Estonia (0.2 tons)

Source: IndexBox Market Intelligence Platform