Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Latvia - 2023

Contents:

  1. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Latvia (CIF) - 2022
  2. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Latvia (FOB) - 2022
  3. Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Latvia
  4. Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Latvia

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Latvia (CIF) - 2022

The average import price for footwear; parts, outer soles and heels, of rubber or plasticses stood at $18,394 per ton in 2022, with an increase of 29% against the previous year. In general, the import price saw a tangible increase. The pace of growth appeared the most rapid in 2020 when the average import price increased by 53%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Taiwan (Chinese) ($26,167 per ton), while the price for China ($5,241 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Latvia (FOB) - 2022

In 2022, the average export price for footwear; parts, outer soles and heels, of rubber or plasticses amounted to $11,828 per ton, surging by 7% against the previous year. Over the period under review, the export price enjoyed a noticeable expansion. The growth pace was the most rapid in 2015 an increase of 96%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($19,904 per ton), while the average price for exports to the Netherlands ($143 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 Belarus (+28.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Latvia

Imports of footwear; parts, outer soles and heels, of rubber or plasticses into Latvia plummeted to 3 tons in 2022, waning by -67.5% against the previous year. Overall, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 344% against the previous year. As a result, imports attained the peak of 9.3 tons, and then fell notably in the following year.

In value terms, imports of footwear; parts, outer soles and heels, of rubber or plasticses fell dramatically to $56K in 2022. Over the period under review, imports, however, recorded a notable increase. The most prominent rate of growth was recorded in 2021 with an increase of 287%. As a result, imports attained the peak of $133K, and then shrank remarkably in the following year.

Import of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Latvia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Taiwan (Chinese)26.517.599.238.513.3%
Estonia1.30.41.64.349.0%
GreeceN/A7.45.84.0-26.5%
Italy6.25.523.43.6-16.6%
China12.72.52.52.7-40.3%
Ireland0.1N/A0.11.4141.0%
Others2.51.20.71.2-21.7%
Total49.334.413355.84.2%

Top Suppliers of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics to Latvia in 2022:

  1. Taiwan (Chinese) (1470.0 kg)
  2. China (522.0 kg)
  3. Italy (438.0 kg)
  4. Greece (270.0 kg)
  5. Estonia (232.0 kg)
  6. Ireland (65.0 kg)

Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Latvia

In 2022, exports of footwear; parts, outer soles and heels, of rubber or plasticses from Latvia shrank notably to 2.7 tons, falling by -53.9% on the previous year. Overall, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 104%. As a result, the exports reached the peak of 6 tons, and then declined significantly in the following year.

In value terms, exports of footwear; parts, outer soles and heels, of rubber or plasticses reduced notably to $32K in 2022. Over the period under review, exports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 205% against the previous year. As a result, the exports reached the peak of $66K, and then contracted rapidly in the following year.

Export of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Latvia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
UkraineN/A2.532.721.1190.5%
Russia20.513.728.010.5-20.0%
Lithuania0.5N/A0.60.817.0%
Belarus5.55.44.4N/A-10.6%
Others0.6N/A0.2N/A-42.3%
Total27.221.665.932.56.1%

Top Export Markets for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics from Latvia in 2022:

  1. Russia (1628.0 kg)
  2. Ukraine (1062.0 kg)
  3. Lithuania (47.0 kg)

Source: IndexBox Market Intelligence Platform

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