
Latvia - Flax Fiber - Market Analysis, Forecast, Size, Trends and Insights
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Flax Fiber Market Size in Latvia
For the third year in a row, the Latvian flax fiber market recorded growth in sales value, which increased by 15% to $X in 2022. Over the period under review, consumption, however, saw a slight reduction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.
Flax Fiber Production in Latvia
In value terms, flax fiber production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a pronounced curtailment. The pace of growth appeared the most rapid in 2013 with an increase of 72% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.
The average yield of flax fiber in Latvia stood at X tons per ha in 2022, with an increase of 3.8% compared with the previous year. Over the period under review, the yield continues to indicate perceptible growth. The pace of growth was the most pronounced in 2013 with an increase of 150% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2014 to 2022, the growth of the average flax fiber yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
The flax fiber harvested area in Latvia stood at X ha in 2022, almost unchanged from the previous year's figure. Overall, the harvested area showed a deep slump. The most prominent rate of growth was recorded in 2018 when the harvested area increased by 56%. The flax fiber harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.
Flax Fiber Exports
Exports from Latvia
In 2022, shipments abroad of flax fiber increased by 58% to X tons, rising for the seventh consecutive year after two years of decline. Over the period under review, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by 744%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, flax fiber exports surged to $X in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 595% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
Exports by Country
France (X tons) was the main destination for flax fiber exports from Latvia, with a 82% share of total exports. Moreover, flax fiber exports to France exceeded the volume sent to the second major destination, Belgium (X tons), sevenfold. Russia (X tons) ranked third in terms of total exports with a 6.5% share.
From 2012 to 2022, the average annual growth rate of volume to France totaled +133.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+55.8% per year) and Russia (0.0% per year).
In value terms, France ($X) remains the key foreign market for flax fiber exports from Latvia, comprising 85% of total exports. The second position in the ranking was held by Belgium ($X), with a 12% share of total exports. It was followed by Russia, with a 2.6% share.
From 2012 to 2022, the average annual rate of growth in terms of value to France stood at +187.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+67.1% per year) and Russia (0.0% per year).
Export Prices by Country
In 2022, the average flax fiber export price amounted to $X per ton, with an increase of 5.7% against the previous year. Over the period under review, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +11.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, flax fiber export price increased by +57.5% against 2017 indices. The most prominent rate of growth was recorded in 2013 an increase of 99.9% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Russia ($X 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 France (+23.3%), while the prices for the other major destinations experienced more modest paces of growth.
Flax Fiber Imports
Imports into Latvia
For the sixth year in a row, Latvia recorded growth in overseas purchases of flax fiber, which increased by 46% to X tons in 2022. Over the period under review, imports posted a buoyant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 102%. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, flax fiber imports skyrocketed to $X in 2022. Overall, imports recorded a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 194%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
Imports by Country
Belarus (X tons), France (X tons) and Russia (X tons) were the main suppliers of flax fiber imports to Latvia, with a combined 98% share of total imports.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +76.3%), while imports for the other leaders experienced more modest paces of growth.
In value terms, the largest flax fiber suppliers to Latvia were Belarus ($X), France ($X) and Russia ($X), together accounting for 96% of total imports.
Russia, with a CAGR of +61.6%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2022, the average flax fiber import price amounted to $X per ton, increasing by 8.3% against the previous year. In general, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, flax fiber import price increased by +57.4% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 45% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($X per ton), while the price for France ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Source: IndexBox Platform
This report provides an in-depth analysis of the flax fiber market in Latvia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 773 - Flax fibre and tow
Country coverage:
- Latvia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Latvia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Area Harvested, 2012–2024
- Yield, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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