Price for Textiles; Worn Clothing and Other Worn Articles in Latvia - 2023
Contents:
- Price for Textiles; Worn Clothing and Other Worn Articles in Latvia (CIF) - 2022
- Price for Textiles; Worn Clothing and Other Worn Articles in Latvia (FOB) - 2022
- Imports of Textiles; Worn Clothing and Other Worn Articles in Latvia
- Exports of Textiles; Worn Clothing and Other Worn Articles in Latvia
Price for Textiles; Worn Clothing and Other Worn Articles in Latvia (CIF) - 2022
In 2022, the average import price for textiles; worn clothing and other worn articleses amounted to $1,771 per ton, picking up by 4.7% against the previous year. Over the period under review, the import price, however, saw a slight slump. The most prominent rate of growth was recorded in 2014 an increase of 11% against the previous year. As a result, import price reached the peak level of $2,333 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($3,686 per ton), while the price for Norway ($596 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Textiles; Worn Clothing and Other Worn Articles in Latvia (FOB) - 2022
The average export price for textiles; worn clothing and other worn articleses stood at $2,438 per ton in 2022, shrinking by -3.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2018 an increase of 22% against the previous year. Over the period under review, the average export prices reached the peak figure at $2,526 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat 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 Estonia ($7,778 per ton), while the average price for exports to Pakistan ($261 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 Lithuania (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Textiles; Worn Clothing and Other Worn Articles in Latvia
Imports of textiles; worn clothing and other worn articleses into Latvia soared to 16K tons in 2022, growing by 31% on the year before. Overall, imports, however, saw a relatively flat trend pattern.
In value terms, imports of textiles; worn clothing and other worn articleses skyrocketed to $28M in 2022. Over the period under review, imports, however, recorded a noticeable decline.
| Import of Textiles; Worn Clothing and Other Worn Articles in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 0.9 | 1.9 | 5.4 | 7.8 | 105.4% |
| Germany | 2.5 | 2.0 | 3.6 | 5.1 | 26.8% |
| Lithuania | 3.0 | 3.7 | 2.1 | 4.4 | 13.6% |
| United Kingdom | 19.4 | 15.8 | 3.6 | 4.3 | -39.5% |
| Estonia | 1.8 | 1.5 | 1.1 | 1.3 | -10.3% |
| Ireland | 0.5 | 1.3 | 1.0 | 1.2 | 33.9% |
| Finland | 0.1 | 0.5 | 0.5 | 0.8 | 100.0% |
| Norway | 0.6 | 0.6 | 0.7 | 0.7 | 5.3% |
| Sweden | 0.1 | 0.4 | 0.6 | 0.5 | 71.0% |
| Others | 1.5 | 2.1 | 1.9 | 2.1 | 11.9% |
| Total | 30.4 | 29.7 | 20.5 | 28.2 | -2.5% |
Top Suppliers of Textiles; Worn Clothing and Other Worn Articles to Latvia in 2022:
- Netherlands (4.5K tons)
- Germany (2.2K tons)
- Lithuania (1.9K tons)
- United Kingdom (1.4K tons)
- Estonia (1.2K tons)
- Finland (1.2K tons)
- Norway (1.2K tons)
- Ireland (1.1K tons)
- Sweden (0.7K tons)
Exports of Textiles; Worn Clothing and Other Worn Articles in Latvia
In 2022, the amount of textiles; worn clothing and other worn articleses exported from Latvia skyrocketed to 9.9K tons, increasing by 45% against the previous year. The total export volume increased at an average annual rate of +9.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of textiles; worn clothing and other worn articleses soared to $24M in 2022. The total export value increased at an average annual rate of +7.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Textiles; Worn Clothing and Other Worn Articles in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | 9.5 | 10.9 | 10.4 | 17.0 | 21.4% |
| Estonia | 2.2 | 2.7 | 1.2 | 1.7 | -8.2% |
| Lithuania | 0.8 | 0.8 | 0.4 | 0.8 | 0.0% |
| Russia | 4.4 | 3.3 | 2.7 | 0.7 | -45.8% |
| Georgia | N/A | N/A | N/A | 0.5 | 0% |
| Kenya | N/A | 0.1 | 0.1 | 0.5 | 123.6% |
| Equatorial Guinea | 0.7 | 0.6 | 0.6 | 0.4 | -17.0% |
| United Arab Emirates | N/A | N/A | N/A | 0.4 | 0% |
| Uganda | 0.2 | 0.2 | 0.4 | 0.4 | 26.0% |
| Togo | 0.4 | 0.3 | 0.3 | 0.3 | -9.1% |
| Ukraine | N/A | N/A | N/A | 0.1 | 0% |
| Pakistan | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Benin | 0.3 | 0.2 | 0.6 | 0.1 | -30.7% |
| Others | 0.8 | 1.0 | 0.5 | 1.2 | 14.5% |
| Total | 19.4 | 20.3 | 17.3 | 24.2 | 7.6% |
Top Export Markets for Textiles; Worn Clothing and Other Worn Articles from Latvia in 2022:
- Belarus (5709.3 tons)
- United Arab Emirates (943.0 tons)
- Kenya (431.3 tons)
- Togo (423.4 tons)
- Pakistan (281.9 tons)
- Lithuania (264.8 tons)
- Georgia (255.3 tons)
- Uganda (233.6 tons)
- Estonia (222.7 tons)
- Equatorial Guinea (198.1 tons)
- Russia (172.1 tons)
- Benin (159.9 tons)
- Ukraine (156.7 tons)
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