Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Latvia - 2023
Contents:
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Latvia (CIF) - 2022
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Latvia (FOB) - 2023
- Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Latvia
- Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Latvia
Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Latvia (CIF) - 2022
In 2022, the average import price for wool; (not carded or combed), degreased, (not carbonised), shorn amounted to $3,138 per ton, which is down by -10.8% against the previous year. Overall, the import price saw a abrupt decline. The growth pace was the most rapid in 2016 an increase of 6.5% against the previous year. Over the period under review, average import prices reached the maximum at $6,040 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($5,268 per ton), while the price for Germany ($2,658 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (-1.0%), while the prices for the other major suppliers experienced a decline.
Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Latvia (FOB) - 2023
In October 2023, the average export price for wool; (not carded or combed), degreased, (not carbonised), shorn amounted to $3,625 per ton, waning by -16.1% against the previous month. Over the period from November 2022 to October 2023, it increased at an average monthly rate of +1.5%. The growth pace was the most rapid in May 2023 an increase of 27% m-o-m. Over the period under review, the average export prices attained the maximum at $4,323 per ton in September 2023, and then fell markedly in the following month.
As there is only one major export destination, the average price level is determined by prices for Lithuania.
From November 2022 to October 2023, the rate of growth in terms of prices for Lithuania amounted to +1.5% per month.
Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Latvia
In 2022, the amount of wool; (not carded or combed), degreased, (not carbonised), shorn imported into Latvia soared to 724 tons, jumping by 27% compared with the previous year's figure. Over the period under review, imports, however, continue to indicate a noticeable reduction.
In value terms, imports of wool; (not carded or combed), degreased, (not carbonised), shorn expanded notably to $2.3M in 2022. Overall, imports, however, saw a drastic downturn.
| Import of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 2,243 | 1,847 | 1,868 | 2,000 | -3.8% |
| Germany | N/A | N/A | 29.4 | 208 | 607.5% |
| Lithuania | 1,102 | 33.6 | 19.3 | 13.7 | -76.8% |
| Others | 4.9 | 62.3 | 94.5 | 52.4 | 120.3% |
| Total | 3,351 | 1,943 | 2,011 | 2,274 | -12.1% |
Top Suppliers of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn to Latvia in 2022:
- New Zealand (632.9 tons)
- Germany (78.1 tons)
- Lithuania (2.6 tons)
Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Latvia
In 2022, approx. 451 tons of wool; (not carded or combed), degreased, (not carbonised), shorn were exported from Latvia; with an increase of 14% against the previous year. Overall, exports enjoyed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 2,136% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of wool; (not carded or combed), degreased, (not carbonised), shorn rose slightly to $1.5M in 2022. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 2,247%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 27.3 | 641 | 1,421 | 1,452 | 276.1% |
| Others | N/A | N/A | 6.4 | 10.7 | 67.2% |
| Total | 27.3 | 641 | 1,427 | 1,463 | 277.0% |
Top Export Markets for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn from Latvia in 2022:
- Lithuania (447.6 tons)
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