Latvia: Table Linen Market 2024

Table Linen Market Size in Latvia

The Latvian table linen market surged to $X in 2022, picking up by 197% against the previous year. In general, consumption, however, recorded a abrupt shrinkage. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Table Linen Production in Latvia

In value terms, table linen production reduced to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2021 when the production volume increased by 40% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Table Linen Exports

Exports from Latvia

In 2022, the amount of table linen, knitted or crocheted exported from Latvia declined modestly to X tons, stabilizing at 2021. In general, exports saw a deep reduction. The growth pace was the most rapid in 2020 when exports increased by 43%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, table linen exports dropped to $X in 2022. Overall, exports showed a noticeable descent. The growth pace was the most rapid in 2020 with an increase of 47%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Estonia (X tons), Lithuania (X tons) and Sweden (X tons) were the main destinations of table linen exports from Latvia, with a combined 86% share of total exports. Belgium, Uzbekistan and Russia lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of +13.3%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Sweden ($X) remains the key foreign market for table linen, knitted or crocheted exports from Latvia, comprising 43% of total exports. The second position in the ranking was taken by Lithuania ($X), with an 18% share of total exports. It was followed by Estonia, with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden totaled -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (-2.0% per year) and Estonia (-4.8% per year).

Export Prices by Country

The average table linen export price stood at $X per ton in 2022, waning by -7.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.5%. The pace of growth appeared the most rapid in 2013 an increase of 68% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

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 Russia ($X per ton), while the average price for exports to Uzbekistan ($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 Russia (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Table Linen Imports

Imports into Latvia

In 2022, imports of table linen, knitted or crocheted into Latvia rose rapidly to X tons, growing by 13% on the previous year. In general, total imports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -3.5% against 2020 indices. The growth pace was the most rapid in 2016 when imports increased by 22%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, table linen imports fell modestly to $X in 2022. The total import value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 19%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of table linen to Latvia, accounting for a 47% share of total imports. Moreover, table linen imports from Poland exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), threefold. Germany (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Poland totaled +34.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+2.2% per year) and Germany (+31.6% per year).

In value terms, Poland ($X) constituted the largest supplier of table linen, knitted or crocheted to Latvia, comprising 40% of total imports. The second position in the ranking was taken by Lithuania ($X), with a 19% share of total imports. It was followed by Germany, with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland stood at +26.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (-0.5% per year) and Germany (+17.3% per year).

Import Prices by Country

In 2022, the average table linen import price amounted to $X per ton, waning by -14.1% against the previous year. Overall, the import price continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2014 an increase of 22% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

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 Belgium ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform