Flax Yarn Price in Latvia - 2023

Contents:

1. Flax Yarn Price in Latvia (FOB) - 2022
2. Flax Yarn Price in Latvia (CIF) - 2022
3. Flax Yarn Exports in Latvia
4. Flax Yarn Imports in Latvia

Flax Yarn Price in Latvia (FOB) - 2022

The average flax yarn export price stood at $3,026 per ton in 2022, falling by -7.2% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by 16% against the previous year. The export price peaked at $3,260 per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($8,124 per ton), while the average price for exports to France stood at $2,859 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+2.5%).

Flax Yarn Price in Latvia (CIF) - 2022

In 2022, the average flax yarn import price amounted to $10,890 per ton, waning by -7.4% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 79% against the previous year. As a result, import price attained the peak level of $11,852 per ton. From 2015 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($14,947 per ton), while the price for Cyprus ($3,212 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cyprus (+34.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Flax Yarn Exports in Latvia

In 2022, overseas shipments of flax yarns decreased by -2.5% to 435 tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 16% against the previous year. As a result, the exports reached the peak of 499 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, flax yarn exports reduced to $1.3M in 2022. The total export value increased at an average annual rate of +3.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2020 when exports increased by 28%. As a result, the exports reached the peak of $1.5M. From 2021 to 2022, the growth of the exports failed to regain momentum.

Top Export Markets for Flax Yarn from Latvia in 2022:

1. France (424.3 tons)

Flax Yarn Imports in Latvia

In 2022, supplies from abroad of flax yarns was finally on the rise to reach 4.1 tons after two years of decline. In general, imports, however, showed a sharp decline.

In value terms, flax yarn imports soared to $44K in 2022. Overall, imports, however, showed a dramatic setback.

Top Suppliers of Flax Yarn to Latvia in 2022:

1. Italy (1930.0 kg)
2. Poland (1135.0 kg)
3. Cyprus (581.0 kg)
4. Lithuania (400.0 kg)

Source: IndexBox Market Intelligence Platform