Latvia: Cotton Embroidery Market 2025

Cotton Embroidery Market Size in Latvia

The Latvian cotton embroidery market shrank to $X in 2022, with a decrease of -1.6% against the previous year. Overall, consumption, however, continues to indicate a pronounced curtailment. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Cotton Embroidery Production in Latvia

In value terms, cotton embroidery production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced setback. The growth pace was the most rapid in 2018 when the production volume increased by 46%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Cotton Embroidery Exports

Exports from Latvia

In 2022, approx. X kg of cotton embroidery in the piece were exported from Latvia; rising by 350% on the previous year. Over the period under review, exports enjoyed temperate growth. The exports peaked at X kg in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, cotton embroidery exports soared to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 1,253%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Estonia (X kg) was the main destination for cotton embroidery exports from Latvia, with a approx. 100% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of volume to Estonia was relatively modest.

In value terms, Estonia ($X) emerged as the key foreign market for cotton embroidery in the piece exports from Latvia.

From 2013 to 2022, the average annual growth rate of value to Estonia was relatively modest.

Export Prices by Country

The average cotton embroidery export price stood at $X per ton in 2022, with a decrease of -30.6% against the previous year. Over the period under review, the export price showed a noticeable decrease. The pace of growth was the most pronounced in 2018 an increase of 416% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 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 Estonia.

From 2013 to 2022, the rate of growth in terms of prices for Russia amounted to -12.3% per year.

Cotton Embroidery Imports

Imports into Latvia

In 2022, after two years of decline, there was significant growth in purchases abroad of cotton embroidery in the piece, when their volume increased by 95% to X kg. In general, imports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 285% against the previous year. Imports peaked at X kg in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, cotton embroidery imports expanded sharply to $X in 2022. Over the period under review, imports, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2016 when imports increased by 360% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

China (X kg), Lithuania (X kg) and the Netherlands (X kg) were the main suppliers of cotton embroidery imports to Latvia, together accounting for 97% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of +20.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Lithuania ($X) constituted the largest supplier of cotton embroidery in the piece to Latvia, comprising 49% of total imports. The second position in the ranking was taken by China ($X), with a 16% share of total imports. It was followed by the Netherlands, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Lithuania totaled +17.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.0% per year) and the Netherlands (-77.0% per year).

Import Prices by Country

The average cotton embroidery import price stood at $X per ton in 2022, reducing by -41.8% against the previous year. Overall, the import price continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2018 an increase of 81%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average 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 Sweden ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+27.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform