Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Latvia - 2024

Contents:

1. Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Latvia (CIF) - 2022
2. Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Latvia (FOB) - 2022
3. Imports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in Latvia
4. Exports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in Latvia

Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Latvia (CIF) - 2022

The average import price for yarn of other vegetable textile fibres; paper yarns stood at $9,412 per ton in 2022, which is down by -26.2% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 95% against the previous year. The import price peaked at $16,558 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat 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 Poland ($20,500 per ton), while the price for Russia ($3,613 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Latvia (FOB) - 2022

In 2022, the average export price for yarn of other vegetable textile fibres; paper yarns amounted to $23,248 per ton, jumping by 76% against the previous year. In general, the export price showed a strong increase. The export price peaked at $30,800 per ton in 2016; however, from 2017 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 Denmark ($36,333 per ton), while the average price for exports to Russia ($11,000 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 Estonia (+30.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in Latvia

For the fourth year in a row, Latvia recorded growth in supplies from abroad of yarn of other vegetable textile fibres; paper yarns, which increased by 279% to 44 tons in 2022. Over the period under review, imports showed a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 934%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, imports of yarn of other vegetable textile fibres; paper yarns skyrocketed to $413K in 2022. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 1,870%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Top Suppliers of Yarn of Other Vegetable Textile Fibres; Paper Yarn to Latvia in 2022:

1. Denmark (40.2 tons)
2. Russia (2.4 tons)

Exports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in Latvia

In 2022, exports of yarn of other vegetable textile fibres; paper yarns from Latvia dropped to 206 kg, waning by -6.8% compared with 2021 figures. In general, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 3,057% against the previous year. As a result, the exports reached the peak of 221 kg, and then shrank in the following year.

In value terms, exports of yarn of other vegetable textile fibres; paper yarns skyrocketed to $4.8K in 2022. Overall, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 1,403%. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Yarn of Other Vegetable Textile Fibres; Paper Yarn from Latvia in 2022:

1. Lithuania (142.0 kg)
2. Estonia (50.0 kg)
3. Denmark (12.0 kg)
4. Russia (2.0 kg)

Source: IndexBox Market Intelligence Platform