Price for Blankets and Travelling Rugs in Latvia - 2023

Contents:

  1. Price for Blankets and Travelling Rugs in Latvia (FOB) - 2023
  2. Price for Blankets and Travelling Rugs in Latvia (CIF) - 2023
  3. Exports of Blankets and Travelling Rugs in Latvia
  4. Imports of Blankets and Travelling Rugs in Latvia

Price for Blankets and Travelling Rugs in Latvia (FOB) - 2023

In August 2023, the average blankets and travelling rugs export price amounted to $20.7 per unit, with an increase of 18% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.5%. Over the period under review, the average export prices hit record highs at $25.3 per unit in May 2023; however, from June 2023 to August 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was Iceland ($26.6 per unit), while the average price for exports to Estonia ($8.1 per unit) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iceland (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Blankets and Travelling Rugs in Latvia (CIF) - 2023

The average blankets and travelling rugs import price stood at $12.4 per unit in August 2023, with an increase of 6.4% against the previous month. Over the period under review, import price indicated a notable increase from August 2022 to August 2023: its price increased at an average monthly rate of +4.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, blankets and travelling rugs import price increased by +60.9% against June 2023 indices. The most prominent rate of growth was recorded in July 2023 an increase of 51% m-o-m. The import price peaked at $13.2 per unit in April 2023; however, from May 2023 to August 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($18.6 per unit), while the price for Poland ($8.6 per unit) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by China (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Blankets and Travelling Rugs in Latvia

In 2022, approx. 393K units of blankets and travelling rugses were exported from Latvia; increasing by 5.4% on the previous year. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +14.8% 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 decreased by -4.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 58%. As a result, the exports attained the peak of 411K units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, blankets and travelling rugs exports dropped to $7.7M in 2022. Overall, exports, however, showed a noticeable descent. The pace of growth was the most pronounced in 2021 with an increase of 2.6%. Over the period under review, the exports attained the peak figure at $8.1M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of Blankets and Travelling Rugs in Latvia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Sweden3.64.05.55.615.9%
Estonia0.50.50.60.66.3%
Lithuania0.40.40.50.40.0%
Denmark0.10.10.30.226.0%
Germany0.50.10.10.1-41.5%
United Kingdom2.11.8N/AN/A-14.3%
Others0.90.70.90.8-3.9%
Total8.17.67.87.7-1.7%

Top Export Markets for Blankets and Travelling Rugs from Latvia in 2022:

  1. United Kingdom (undefinedK units)
  2. Sweden (253.2K units)
  3. Estonia (55.1K units)
  4. Lithuania (45.3K units)
  5. Denmark (11.8K units)
  6. Germany (4.9K units)

Imports of Blankets and Travelling Rugs in Latvia

In 2022, the amount of blankets and travelling rugses imported into Latvia expanded significantly to 361K units, growing by 7.4% against 2021. Over the period under review, imports showed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 169%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, blankets and travelling rugs imports dropped modestly to $3.4M in 2022. The total import value increased at an average annual rate of +9.0% 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 2020 with an increase of 24% against the previous year. Imports peaked at $3.5M in 2021, and then reduced slightly in the following year.

Import of Blankets and Travelling Rugs in Latvia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Poland4757791,1161,18435.6%
China954930895878-2.7%
Lithuania651694774615-1.9%
Germany1242511101311.8%
Estonia75.813511552.0-11.8%
Denmark29.411.948.230.91.7%
Others28841145447217.9%
Total2,5973,2143,5123,3639.0%

Top Suppliers of Blankets and Travelling Rugs to Latvia in 2022:

  1. Poland (132.2K units)
  2. China (116.6K units)
  3. Lithuania (69.8K units)
  4. Germany (8.8K units)
  5. Denmark (5.1K units)
  6. Estonia (4.5K units)

Source: IndexBox Market Intelligence Platform

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