Price for Jerseys, pullovers, cardigans, waistcoats and similar articles; of cotton, knitted or crocheted in Latvia - 2023

Contents:

  1. Price for Jerseys, Pullovers, Cardigans, Waistcoats and Similar Articles; of Cotton, Knitted or Crocheted in Latvia (CIF) - 2023
  2. Price for Jerseys, Pullovers, Cardigans, Waistcoats and Similar Articles; of Cotton, Knitted or Crocheted in Latvia (FOB) - 2022
  3. Imports of Jerseys, Pullovers, Cardigans, Waistcoats and Similar Articles; of Cotton, Knitted or Crocheted in Latvia
  4. Exports of Jerseys, Pullovers, Cardigans, Waistcoats and Similar Articles; of Cotton, Knitted or Crocheted in Latvia

Price for Jerseys, Pullovers, Cardigans, Waistcoats and Similar Articles; of Cotton, Knitted or Crocheted in Latvia (CIF) - 2023

In October 2023, the average import price for jerseys, pullovers, cardigans, waistcoats and similar articles; of cotton, knitted or crocheted amounted to $14.8 per unit, standing approximately at the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in November 2022 an increase of 17% month-to-month. The import price peaked at $19.4 per unit in May 2023; however, from June 2023 to October 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($32.9 per unit), while the price for Poland ($7.9 per unit) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Jerseys, Pullovers, Cardigans, Waistcoats and Similar Articles; of Cotton, Knitted or Crocheted in Latvia (FOB) - 2022

The average export price for jerseys, pullovers, cardigans, waistcoats and similar articles; of cotton, knitted or crocheted stood at $21 per unit in 2022, rising by 4.9% against the previous year. Overall, the export price saw strong growth. The most prominent rate of growth was recorded in 2014 an increase of 26%. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($24 per unit), while the average price for exports to Sweden ($7.3 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 Denmark (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Jerseys, Pullovers, Cardigans, Waistcoats and Similar Articles; of Cotton, Knitted or Crocheted in Latvia

For the fourth year in a row, Latvia recorded growth in supplies from abroad of jerseys, pullovers, cardigans, waistcoats and similar articles; of cotton, knitted or crocheted, which increased by 26% to 2.1M units in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +24.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +92.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, imports of jerseys, pullovers, cardigans, waistcoats and similar articles; of cotton, knitted or crocheted rose notably to $28M in 2022. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 66% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Import of Jerseys, Pullovers, Cardigans, Waistcoats and Similar Articles; of Cotton, Knitted or Crocheted in Latvia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Poland2.83.24.46.331.0%
Italy1.51.75.65.756.0%
Germany3.13.15.75.722.5%
Netherlands0.60.61.42.356.5%
Estonia1.51.92.52.010.1%
Spain0.91.11.01.621.1%
Lithuania0.70.50.40.6-5.0%
Finland0.70.40.60.5-10.6%
PakistanN/AN/AN/A0.30%
Sweden0.10.30.40.344.2%
United Kingdom0.70.80.3N/A-34.5%
Others1.01.63.02.942.6%
Total13.615.225.228.327.7%

Top Suppliers of Jerseys, Pullovers, Cardigans, Waistcoats and Similar Articles; of Cotton, Knitted or Crocheted to Latvia in 2022:

  1. Poland (850.3K units)
  2. Germany (321.4K units)
  3. Italy (190.9K units)
  4. Spain (128.5K units)
  5. Netherlands (111.6K units)
  6. Estonia (86.9K units)
  7. Lithuania (68.3K units)
  8. Pakistan (40.7K units)
  9. Sweden (37.5K units)
  10. Finland (28.1K units)
  11. United Kingdom (0.6K units)

Exports of Jerseys, Pullovers, Cardigans, Waistcoats and Similar Articles; of Cotton, Knitted or Crocheted in Latvia

In 2022, exports of jerseys, pullovers, cardigans, waistcoats and similar articles; of cotton, knitted or crocheted from Latvia expanded significantly to 626K units, with an increase of 11% against 2021 figures. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 146% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of jerseys, pullovers, cardigans, waistcoats and similar articles; of cotton, knitted or crocheted surged to $13M in 2022. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 110%. The exports peaked in 2022 and are expected to retain growth in the near future.

Export of Jerseys, Pullovers, Cardigans, Waistcoats and Similar Articles; of Cotton, Knitted or Crocheted in Latvia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia3.18.08.29.545.3%
Estonia0.90.81.01.313.0%
Lithuania0.60.70.90.810.1%
GeorgiaN/AN/AN/A0.30%
Sweden0.20.10.10.1-20.6%
Others0.20.90.91.071.0%
Total5.010.511.112.937.2%

Top Export Markets for Jerseys, Pullovers, Cardigans, Waistcoats and Similar Articles; of Cotton, Knitted or Crocheted from Latvia in 2022:

  1. Russia (418.7K units)
  2. Estonia (82.4K units)
  3. Lithuania (37.0K units)
  4. Georgia (27.6K units)
  5. Sweden (14.2K units)

Source: IndexBox Market Intelligence Platform

Store
Blog
Event
Free Data: Jerseys, pullovers, cardigans, waistcoats and similar articles; of cotton, knitted or crocheted - Latvia