Latvia: Sheepskin And Lambskin Market 2025

Sheepskin And Lambskin Market Size in Latvia

The Latvian sheepskin and lambskin market was estimated at $X in 2022, flattening at the previous year. Over the period under review, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.5% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Sheepskin And Lambskin Production in Latvia

In value terms, sheepskin and lambskin production contracted to $X in 2022 estimated in export price. Over the period under review, the total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +8.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.4% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by 86%. Sheepskin and lambskin production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

In 2022, the average sheepskin and lambskin yield in Latvia dropped to X kg per head, waning by -10.5% against the previous year. Over the period under review, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the yield increased by 19% against the previous year. As a result, the yield attained the peak level of X kg per head, and then reduced in the following year.

In 2022, number of animals slaughtered for sheepskin and lambskin production in Latvia rose notably to X heads, picking up by 12% against 2021 figures. Overall, the total number of producing animals indicated noticeable growth from 2012 to 2022: its figure increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, number of animals slaughtered for sheepskin and lambskin production decreased by -11.1% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the number of producing animals increased by 16%. Over the period under review, this number attained the maximum level at X heads in 2019; however, from 2020 to 2022, producing animals remained at a lower figure.

Sheepskin And Lambskin Exports

Exports from Latvia

In 2021, the amount of sheep or lamb skins (without wool) exported from Latvia amounted to X kg, remaining constant against the previous year. Overall, exports showed a dramatic shrinkage. The pace of growth was the most pronounced in 2013 when exports increased by 1,625% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, sheepskin and lambskin exports stood at $X in 2021. Over the period under review, exports continue to indicate a mild downturn. The most prominent rate of growth was recorded in 2013 with an increase of 2,219%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Finland (X kg) and Croatia (X kg) were the main destinations of sheepskin and lambskin exports from Latvia. Moreover, sheepskin and lambskin exports in Finland exceeded the figures recorded by the second-largest exporter, Croatia, twofold.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Finland (with a CAGR of 0.0%).

In value terms, Croatia ($X) and Finland ($X) constituted the largest markets for sheepskin and lambskin exported from Latvia worldwide.

In terms of the main countries of destination, Finland, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average sheepskin and lambskin export price stood at $X per ton in 2021, stabilizing at the previous year. Overall, the export price enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 34%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Croatia ($X per ton), while the average price for exports to Finland stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Sheepskin And Lambskin Imports

Imports into Latvia

In 2022, the amount of sheep or lamb skins (without wool) imported into Latvia was estimated at X kg, therefore, remained relatively stable against 2021. In general, imports continue to indicate significant growth. The smallest decline of 99.9% was in 2014. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, sheepskin and lambskin imports totaled $X in 2022. Over the period under review, imports posted significant growth. The smallest decline of 99.9% was in 2014. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Sweden (X kg) was the main sheepskin and lambskin supplier to Latvia, accounting for a approx. 100% share of total imports.

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

In value terms, Sweden ($X) constituted the largest supplier of sheep or lamb skins (without wool) to Latvia.

From 2013 to 2022, the average annual rate of growth in terms of value from Sweden was relatively modest.

Import Prices by Country

The average sheepskin and lambskin import price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the import price saw a significant increase. The most prominent rate of growth was recorded in 2014 a decrease of 99.9%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for Sweden.

From 2013 to 2022, the rate of growth in terms of prices for Sweden amounted to 0.0% per year.

Source: IndexBox Platform