Price for Rubber Thread and Cord; Textile Covered in Latvia - 2024
Contents:
- Price for Rubber Thread and Cord; Textile Covered in Latvia (CIF) - 2022
- Price for Rubber Thread and Cord; Textile Covered in Latvia (FOB) - 2022
- Imports of Rubber Thread and Cord; Textile Covered in Latvia
- Exports of Rubber Thread and Cord; Textile Covered in Latvia
Price for Rubber Thread and Cord; Textile Covered in Latvia (CIF) - 2022
In 2022, the average import price for rubber thread and cord; textile covereds amounted to $16,663 per ton, increasing by 2.9% against the previous year. Overall, the import price, however, recorded a slight downturn. The pace of growth was the most pronounced in 2021 when the average import price increased by 67%. Over the period under review, average import prices attained the maximum at $18,681 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($34,000 per ton), while the price for China ($7,136 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+59.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Rubber Thread and Cord; Textile Covered in Latvia (FOB) - 2022
The average export price for rubber thread and cord; textile covereds stood at $19,049 per ton in 2022, which is down by -13.4% against the previous year. Overall, the export price, however, posted a strong increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 154% against the previous year. As a result, the export price reached the peak level of $33,978 per ton. From 2016 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($32,862 per ton), while the average price for exports to Poland ($12,088 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 Denmark (+65.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Rubber Thread and Cord; Textile Covered in Latvia
In 2022, supplies from abroad of rubber thread and cord; textile covereds decreased by -14.5% to 17 tons, falling for the second year in a row after two years of growth. In general, imports showed a deep setback. The growth pace was the most rapid in 2020 with an increase of 61%. As a result, imports attained the peak of 34 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of rubber thread and cord; textile covereds reduced to $287K in 2022. The total import value increased at an average annual rate of +6.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 37% against the previous year. As a result, imports attained the peak of $327K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Rubber Thread and Cord; Textile Covered in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 59.0 | 52.6 | 49.5 | 74.9 | 8.3% |
| Sweden | 36.2 | 50.9 | 104 | 59.8 | 18.2% |
| Lithuania | 39.4 | 106 | 52.1 | 47.1 | 6.1% |
| Portugal | 46.4 | 25.7 | 44.2 | 40.4 | -4.5% |
| Poland | 20.0 | 20.5 | 38.3 | 30.3 | 14.9% |
| Germany | 9.7 | 9.0 | 7.0 | 12.9 | 10.0% |
| China | 17.1 | 51.7 | 7.6 | 7.6 | -23.7% |
| Others | 10.2 | 10.6 | 23.2 | 13.9 | 10.9% |
| Total | 238 | 327 | 326 | 287 | 6.4% |
Top Suppliers of Rubber Thread and Cord; Textile Covered to Latvia in 2022:
- Lithuania (5.8 tons)
- Poland (2.7 tons)
- Sweden (2.7 tons)
- Estonia (2.3 tons)
- Portugal (1.2 tons)
- China (1.1 tons)
- Germany (0.8 tons)
Exports of Rubber Thread and Cord; Textile Covered in Latvia
After three years of growth, shipments abroad of rubber thread and cord; textile covereds decreased by -25.8% to 1.1 tons in 2022. Over the period under review, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 86%.
In value terms, exports of rubber thread and cord; textile covereds dropped notably to $22K in 2022. In general, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 86% against the previous year. As a result, the exports reached the peak of $34K, and then contracted rapidly in the following year.
| Export of Rubber Thread and Cord; Textile Covered in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | N/A | 1.9 | 5.1 | 9.3 | 121.2% |
| Belarus | 1.5 | 2.0 | 19.8 | 3.8 | 36.3% |
| Estonia | 9.2 | 2.2 | 2.1 | 3.0 | -31.2% |
| Vietnam | N/A | N/A | N/A | 1.9 | 0% |
| Lithuania | 0.1 | 1.3 | 0.9 | 1.6 | 152.0% |
| Germany | 0.3 | 1.3 | 0.3 | 0.8 | 38.7% |
| Poland | N/A | 0.8 | 1.5 | 0.4 | -29.3% |
| Russia | 0.6 | 8.4 | 0.6 | 0.2 | -30.7% |
| United States | N/A | N/A | 3.0 | N/A | 0% |
| Others | 1.2 | 0.1 | 0.3 | 0.6 | -20.6% |
| Total | 12.8 | 18.0 | 33.5 | 21.6 | 19.1% |
Top Export Markets for Rubber Thread and Cord; Textile Covered from Latvia in 2022:
- Ukraine (507.0 kg)
- Estonia (214.0 kg)
- Belarus (159.0 kg)
- Lithuania (97.0 kg)
- Vietnam (58.0 kg)
- Poland (34.0 kg)
- Germany (33.0 kg)
- Russia (15.0 kg)
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