Wood; Clothes Hangers Price in Latvia - 2023

Contents:

1. Wood; Clothes Hangers Price in Latvia (CIF) - 2022
2. Wood; Clothes Hangers Price in Latvia (FOB) - 2022
3. Wood; Clothes Hangers Imports in Latvia
4. Wood; Clothes Hangers Exports in Latvia

Wood; Clothes Hangers Price in Latvia (CIF) - 2022

In 2022, the average wood; clothes hangers import price amounted to $4,407 per ton, which is down by -7.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2018 when the average import price increased by 37%. As a result, import price reached the peak level of $5,730 per ton. From 2019 to 2022, the average import prices failed to regain momentum.

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 Germany ($6,050 per ton), while the price for Romania ($3,459 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Wood; Clothes Hangers Price in Latvia (FOB) - 2022

The average wood; clothes hangers export price stood at $5,561 per ton in 2022, reducing by -9.6% against the previous year. In general, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wood; clothes hangers export price increased by +15.9% against 2016 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by 25%. Over the period under review, the average export prices hit record highs at $6,150 per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($119,056 per ton), while the average price for exports to Estonia ($5,049 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 Russia (+41.6%), while the prices for the other major destinations experienced more modest paces of growth.

Wood; Clothes Hangers Imports in Latvia

In 2022, approx. 209 tons of wood; clothes hangerses were imported into Latvia; jumping by 65% against the previous year's figure. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +14.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wood; clothes hangers imports soared to $920K in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +18.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.2% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Wood; Clothes Hangers to Latvia in 2022:

1. China (66.2 tons)
2. Poland (56.0 tons)
3. Denmark (37.5 tons)
4. Romania (25.9 tons)
5. Lithuania (11.2 tons)
6. Germany (3.3 tons)
7. Estonia (2.6 tons)

Wood; Clothes Hangers Exports in Latvia

In 2022, shipments abroad of wood; clothes hangerses decreased by -16.2% to 64 tons for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +11.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 49%.

In value terms, wood; clothes hangers exports shrank notably to $356K in 2022. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 71%.

Top Export Markets for Wood; Clothes Hangers from Latvia in 2022:

1. Estonia (39.9 tons)
2. Lithuania (23.1 tons)
3. Belarus (0.3 tons)

Source: IndexBox Market Intelligence Platform