Price for Wigs; Complete, of Synthetic Textile Materials in Latvia - 2024

Contents:

  1. Price for Wigs; Complete, of Synthetic Textile Materials in Latvia (CIF) - 2022
  2. Price for Wigs; Complete, of Synthetic Textile Materials in Latvia (FOB) - 2022
  3. Imports of Wigs; Complete, of Synthetic Textile Materials in Latvia
  4. Exports of Wigs; Complete, of Synthetic Textile Materials in Latvia

Price for Wigs; Complete, of Synthetic Textile Materials in Latvia (CIF) - 2022

In 2022, the average import price for wigs; complete, of synthetic textile materialses amounted to $27 per unit, shrinking by -5.7% against the previous year. Over the period under review, the import price, however, posted significant growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 452%. The import price peaked at $39 per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($111 per unit), while the price for Vietnam ($3.8 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+20.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Wigs; Complete, of Synthetic Textile Materials in Latvia (FOB) - 2022

The average export price for wigs; complete, of synthetic textile materialses stood at $42 per unit in 2022, approximately equating the previous year. In general, the export price enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when the average export price increased by 39%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kyrgyzstan ($516 per unit), while the average price for exports to Estonia ($5.4 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 Russia (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wigs; Complete, of Synthetic Textile Materials in Latvia

In 2022, the amount of wigs; complete, of synthetic textile materialses imported into Latvia soared to 1K units, with an increase of 215% on 2021. Over the period under review, imports showed significant growth. The growth pace was the most rapid in 2020 when imports increased by 366%. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, imports of wigs; complete, of synthetic textile materialses surged to $28K in 2022. Overall, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Wigs; Complete, of Synthetic Textile Materials in Latvia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
GermanyN/AN/A4.723.1391.5%
United States0.30.12.82.9113.0%
PolandN/AN/AN/A0.70%
VietnamN/AN/AN/A0.60%
China0.20.50.30.20.0%
United Kingdom2.33.80.3N/A-63.9%
Denmark0.30.50.3N/A0.0%
OthersN/A2.31.00.1-79.1%
Total3.17.19.327.7107.5%

Top Suppliers of Wigs; Complete, of Synthetic Textile Materials to Latvia in 2022:

  1. Germany (719.0 units)
  2. Vietnam (158.0 units)
  3. Poland (102.0 units)
  4. United States (26.0 units)
  5. China (14.0 units)
  6. United Kingdom (1.0 units)

Exports of Wigs; Complete, of Synthetic Textile Materials in Latvia

In 2022, overseas shipments of wigs; complete, of synthetic textile materialses decreased by 0% to 421 units, falling for the second consecutive year after two years of growth. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 256%. As a result, the exports attained the peak of 591 units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of wigs; complete, of synthetic textile materialses totaled $18K in 2022. In general, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 394% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

Export of Wigs; Complete, of Synthetic Textile Materials in Latvia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
KyrgyzstanN/AN/AN/A15.50%
RussiaN/AN/AN/A1.30%
EstoniaN/AN/AN/A0.90%
Lithuania0.73.4N/AN/A385.7%
OthersN/AN/AN/AN/A0%
Total0.73.4N/A17.7193.5%

Top Export Markets for Wigs; Complete, of Synthetic Textile Materials from Latvia in 2022:

  1. Russia (229.0 units)
  2. Estonia (158.0 units)
  3. Kyrgyzstan (30.0 units)

Source: IndexBox Market Intelligence Platform

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