Price for Knives with Cutting Blades in Latvia - 2023
Contents:
- Price for Knives with Cutting Blades in Latvia (CIF) - 2023
- Price for Knives with Cutting Blades in Latvia (FOB) - 2022
- Imports of Knives with Cutting Blades in Latvia
- Exports of Knives with Cutting Blades in Latvia
Price for Knives with Cutting Blades in Latvia (CIF) - 2023
The average knives with cutting blades import price stood at $3.4 per unit in September 2023, with an increase of 78% against the previous month. In general, import price indicated a measured expansion from September 2022 to September 2023: its price increased at an average monthly rate of +4.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, knives with cutting blades import price increased by +78.1% against June 2023 indices. The growth pace was the most rapid in February 2023 an increase of 121% against the previous month. The import price peaked in September 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Finland ($5.1 per unit), while the price for the Czech Republic ($1.3 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Knives with Cutting Blades in Latvia (FOB) - 2022
In 2022, the average knives with cutting blades export price amounted to $2.7 per unit, with a decrease of -4.9% against the previous year. In general, the export price, however, showed a resilient increase. The growth pace was the most rapid in 2020 an increase of 44% against the previous year. The export price peaked at $2.9 per unit in 2021, and then shrank in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($7.1 per unit), while the average price for exports to Belarus ($0.9 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Knives with Cutting Blades in Latvia
For the fourth consecutive year, Latvia recorded growth in purchases abroad of knives with cutting bladeses, which increased by 3.1% to 2.3M units in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +15.2% 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 +53.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 27% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, knives with cutting blades imports soared to $5.3M in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +22.6% 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 +84.3% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 27%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Knives with Cutting Blades in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 615 | 1,060 | 1,273 | 1,459 | 33.4% |
| Germany | 243 | 384 | 525 | 669 | 40.2% |
| Belgium | 6.1 | 2.4 | 4.4 | 609 | 363.9% |
| Lithuania | 479 | 431 | 430 | 490 | 0.8% |
| Poland | 415 | 389 | 367 | 394 | -1.7% |
| Brazil | 110 | 142 | 176 | 337 | 45.2% |
| Finland | 162 | 220 | 377 | 275 | 19.3% |
| Spain | 176 | 49.5 | 125 | 99.2 | -17.4% |
| Others | 685 | 1,008 | 961 | 996 | 13.3% |
| Total | 2,892 | 3,686 | 4,238 | 5,328 | 22.6% |
Top Suppliers of Knives with Cutting Blades to Latvia in 2022:
- China (946.3K units)
- Germany (332.2K units)
- Poland (277.9K units)
- Brazil (150.0K units)
- Lithuania (125.6K units)
- Belgium (111.9K units)
- Finland (72.2K units)
- Spain (40.5K units)
Exports of Knives with Cutting Blades in Latvia
In 2022, overseas shipments of knives with cutting bladeses decreased by -15.3% to 849K units, falling for the second year in a row after two years of growth. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 19%. As a result, the exports attained the peak of 1M units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, knives with cutting blades exports shrank rapidly to $2.3M in 2022. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 71% against the previous year. Over the period under review, the exports hit record highs at $2.9M in 2021, and then reduced sharply in the following year.
| Export of Knives with Cutting Blades in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 252 | 324 | 400 | 425 | 19.0% |
| Lithuania | 184 | 250 | 300 | 316 | 19.8% |
| Russia | 184 | 256 | 266 | 198 | 2.5% |
| Poland | 67.9 | 128 | 97.6 | 124 | 22.2% |
| France | 14.6 | 32.2 | 87.3 | 93.4 | 85.6% |
| Romania | 6.5 | 47.9 | 188 | 91.0 | 141.0% |
| Croatia | 21.5 | 17.7 | 106 | 82.8 | 56.7% |
| Finland | 14.0 | 59.0 | 53.5 | 75.3 | 75.2% |
| Sweden | 7.4 | 134 | 158 | 73.8 | 115.2% |
| Netherlands | 28.7 | 52.1 | 80.1 | 47.1 | 18.0% |
| Bulgaria | 23.5 | 34.0 | 49.0 | 43.8 | 23.1% |
| Spain | 15.3 | 20.7 | 24.8 | 24.5 | 17.0% |
| Belarus | 46.2 | 25.9 | 17.7 | 12.4 | -35.5% |
| Others | 401 | 788 | 1,058 | 719 | 21.5% |
| Total | 1,266 | 2,170 | 2,886 | 2,326 | 22.5% |
Top Export Markets for Knives with Cutting Blades from Latvia in 2022:
- Estonia (183.8K units)
- Lithuania (181.3K units)
- Russia (141.8K units)
- Poland (33.9K units)
- Romania (25.2K units)
- Netherlands (16.8K units)
- Bulgaria (15.1K units)
- Croatia (14.4K units)
- Finland (14.3K units)
- Sweden (13.9K units)
- Spain (13.4K units)
- Belarus (13.2K units)
- France (13.2K units)
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