Price for Yarn; of Flax, Multiple (Folded) or Cabled in Latvia - 2023

Contents:

1. Price for Yarn; of Flax, Multiple (Folded) or Cabled in Latvia (CIF) - 2022
2. Price for Yarn; of Flax, Multiple (Folded) or Cabled in Latvia (FOB) - 2022
3. Imports of Yarn; of Flax, Multiple (Folded) or Cabled in Latvia
4. Exports of Yarn; of Flax, Multiple (Folded) or Cabled in Latvia

Price for Yarn; of Flax, Multiple (Folded) or Cabled in Latvia (CIF) - 2022

The average import price for yarn; of flax, multiple (folded) or cableds stood at $11,756 per ton in 2022, remaining stable against the previous year. Over the period under review, the import price recorded a perceptible increase. The most prominent rate of growth was recorded in 2016 an increase of 66%. Over the period under review, average import prices attained the peak figure at $12,504 per ton in 2019; however, from 2020 to 2022, 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 ($44,229 per ton), while the price for Poland ($10,759 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+20.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Yarn; of Flax, Multiple (Folded) or Cabled in Latvia (FOB) - 2022

The average export price for yarn; of flax, multiple (folded) or cableds stood at $5,967 per ton in 2022, growing by 568% against the previous year. Over the period under review, the export price recorded prominent growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($30,747 per ton), while the average price for exports to Armenia ($777 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 the United States (+59.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Yarn; of Flax, Multiple (Folded) or Cabled in Latvia

Imports of yarn; of flax, multiple (folded) or cableds into Latvia skyrocketed to 1.6 tons in 2022, rising by 364% compared with the previous year. Overall, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of yarn; of flax, multiple (folded) or cableds surged to $21K in 2022. Over the period under review, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Yarn; of Flax, Multiple (Folded) or Cabled to Latvia in 2022:

1. Poland (1135.0 kg)
2. Lithuania (400.0 kg)
3. Italy (74.0 kg)
4. Germany (35.0 kg)

Exports of Yarn; of Flax, Multiple (Folded) or Cabled in Latvia

Exports of yarn; of flax, multiple (folded) or cableds from Latvia soared to 1.9 tons in 2022, jumping by 174% compared with 2021. In general, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of yarn; of flax, multiple (folded) or cableds surged to $11K in 2022. Over the period under review, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Yarn; of Flax, Multiple (Folded) or Cabled from Latvia in 2022:

1. Armenia (1024.0 kg)
2. United Kingdom (525.0 kg)
3. Russia (205.0 kg)
4. United States (87.0 kg)

Source: IndexBox Market Intelligence Platform