Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Latvia - 2024

Contents:

1. Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Latvia (CIF) - 2022
2. Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Latvia (FOB) - 2022
3. Imports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Latvia
4. Exports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Latvia

Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Latvia (CIF) - 2022

The average import price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings stood at $1,732 per ton in 2022, with an increase of 17% against the previous year. In general, the import price, however, showed a deep downturn. The growth pace was the most rapid in 2018 an increase of 146%. Over the period under review, average import prices attained the maximum at $7,448 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($5,061 per ton), while the price for Poland ($1,430 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Latvia (FOB) - 2022

In 2022, the average export price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings amounted to $1,817 per ton, waning by -10.5% against the previous year. In general, the export price continues to indicate a pronounced curtailment. The growth pace was the most rapid in 2017 an increase of 160% against the previous year. Over the period under review, the average export prices attained the maximum at $5,580 per ton in 2019; however, from 2020 to 2022, the export prices remained at a 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 Estonia ($5,511 per ton), while the average price for exports to Russia totaled $1,723 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-4.6%).

Imports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Latvia

In 2022, imports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings into Latvia surged to 1.4K tons, increasing by 134% on 2021. Over the period under review, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of 1,269% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings surged to $2.5M in 2022. In general, imports recorded significant growth. The pace of growth was the most pronounced in 2020 with an increase of 424% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.

Top Suppliers of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning to Latvia in 2022:

1. China (683.9 tons)
2. Turkey (640.1 tons)
3. Poland (67.7 tons)
4. Germany (37.8 tons)
5. United Kingdom (14.0 tons)

Exports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Latvia

After three years of growth, shipments abroad of synthetic staple fibres, not carded, combed or otherwise processed for spinnings decreased by -25.4% to 162 tons in 2022. In general, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 219% against the previous year.

In value terms, exports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings reduced markedly to $295K in 2022. Over the period under review, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 111%. As a result, the exports reached the peak of $442K, and then reduced notably in the following year.

Top Export Markets for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning from Latvia in 2022:

1. Russia (159.2 tons)
2. Estonia (1.4 tons)

Source: IndexBox Market Intelligence Platform