Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Latvia - 2024

Contents:

1. Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Latvia (CIF) - 2022
2. Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Latvia (FOB) - 2022
3. Imports of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Latvia
4. Exports of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Latvia

Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Latvia (CIF) - 2022

The average import price for textile fabrics, rubberised; other than those of heading no. 5902s stood at $2.8 per square meter in 2022, surging by 7.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2013 an increase of 15% against the previous year. The import price peaked at $2.8 per square meter in 2014; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($7.3 per square meter), while the price for Greece ($1.4 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Latvia (FOB) - 2022

The average export price for textile fabrics, rubberised; other than those of heading no. 5902s stood at $2.7 per square meter in 2022, growing by 4.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2017 an increase of 22% against the previous year. The export price peaked at $3.2 per square meter in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 Sweden ($10 per square meter), while the average price for exports to Portugal ($2 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Latvia

In 2022, imports of textile fabrics, rubberised; other than those of heading no. 5902s into Latvia amounted to 623K square meters, growing by 8.5% on the previous year's figure. The total import volume increased at an average annual rate of +3.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 30%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of textile fabrics, rubberised; other than those of heading no. 5902s surged to $1.7M in 2022. The total import value increased at an average annual rate of +9.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Top Suppliers of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 to Latvia in 2022:

1. Italy (134.5K square meters)
2. Germany (85.4K square meters)
3. Lithuania (71.7K square meters)
4. China (70.1K square meters)
5. Spain (57.5K square meters)
6. Denmark (42.7K square meters)
7. Poland (33.8K square meters)
8. Estonia (26.3K square meters)
9. Greece (22.1K square meters)
10. Austria (10.6K square meters)
11. United States (9.5K square meters)
12. United Kingdom (9.4K square meters)
13. Canada (4.8K square meters)

Exports of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Latvia

In 2022, exports of textile fabrics, rubberised; other than those of heading no. 5902s from Latvia soared to 197K square meters, jumping by 16% on the previous year's figure. In general, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +14.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.5% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of textile fabrics, rubberised; other than those of heading no. 5902s soared to $537K in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +17.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 from Latvia in 2022:

1. Russia (59.0K square meters)
2. Estonia (43.2K square meters)
3. Lithuania (41.4K square meters)
4. Finland (25.7K square meters)
5. Portugal (6.3K square meters)
6. Sweden (4.6K square meters)
7. Belarus (4.4K square meters)

Source: IndexBox Market Intelligence Platform