Price for Yarn of Combed Wool, Not Put Up for Retail Sale in Latvia - 2023
Contents:
- Price for Yarn of Combed Wool, Not Put Up for Retail Sale in Latvia (CIF) - 2022
- Price for Yarn of Combed Wool, Not Put Up for Retail Sale in Latvia (FOB) - 2022
- Imports of Yarn of Combed Wool, Not Put Up for Retail Sale in Latvia
- Exports of Yarn of Combed Wool, Not Put Up for Retail Sale in Latvia
Price for Yarn of Combed Wool, Not Put Up for Retail Sale in Latvia (CIF) - 2022
The average import price for yarn of combed wool, not put up for retail sale stood at $19,509 per ton in 2022, which is down by -2% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 357% against the previous year. The import price peaked at $167,365 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bulgaria ($35,000 per ton), while the price for Lithuania ($10,424 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+53.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Yarn of Combed Wool, Not Put Up for Retail Sale in Latvia (FOB) - 2022
The average export price for yarn of combed wool, not put up for retail sale stood at $20,749 per ton in 2022, dropping by -20.7% against the previous year. Over the period under review, the export price, however, showed a temperate increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 91%. Over the period under review, the average export prices hit record highs at $45,394 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Russia.
From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +3.3% per year.
Imports of Yarn of Combed Wool, Not Put Up for Retail Sale in Latvia
After three years of growth, overseas purchases of yarn of combed wool, not put up for retail sale decreased by -7.1% to 85 tons in 2022. Over the period under review, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 70% against the previous year. As a result, imports reached the peak of 91 tons, and then shrank in the following year.
In value terms, imports of yarn of combed wool, not put up for retail sale dropped to $1.7M in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.1% 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 +77.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 42%.
| Import of Yarn of Combed Wool, Not Put Up for Retail Sale in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 275 | 366 | 430 | 451 | 17.9% |
| Italy | 278 | 345 | 468 | 405 | 13.4% |
| Lithuania | 228 | 263 | 405 | 291 | 8.5% |
| Denmark | 113 | 324 | 438 | 276 | 34.7% |
| Austria | 2.2 | N/A | 18.9 | 132 | 291.5% |
| Czech Republic | N/A | N/A | 3.9 | 49.5 | 1169.2% |
| China | 16.2 | N/A | 18.3 | 32.8 | 26.5% |
| Others | 20.0 | 30.9 | 37.4 | 21.1 | 1.8% |
| Total | 933 | 1,329 | 1,820 | 1,658 | 21.1% |
Top Suppliers of Yarn of Combed Wool, Not Put Up for Retail Sale to Latvia in 2022:
- Lithuania (27.9 tons)
- Germany (18.4 tons)
- Italy (16.2 tons)
- Denmark (13.2 tons)
- Austria (4.7 tons)
- China (2.0 tons)
- Czech Republic (1.7 tons)
Exports of Yarn of Combed Wool, Not Put Up for Retail Sale in Latvia
In 2022, approx. 4.2 tons of yarn of combed wool, not put up for retail sale were exported from Latvia; increasing by 1,296% on the previous year. Overall, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of yarn of combed wool, not put up for retail sale soared to $87K in 2022. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Yarn of Combed Wool, Not Put Up for Retail Sale in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 5.1 | 6.9 | 7.6 | 86.5 | 156.9% |
| Belarus | 3.6 | N/A | N/A | N/A | 0% |
| Others | 0.5 | N/A | 0.2 | 0.6 | 6.3% |
| Total | 9.2 | 6.9 | 7.9 | 87.2 | 111.6% |
Top Export Markets for Yarn of Combed Wool, Not Put Up for Retail Sale from Latvia in 2022:
- Russia (4.2 tons)
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