Latvia: Textile Tubing Market 2025

Textile Tubing Market Size in Latvia

In 2022, the Latvian textile tubing market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption enjoyed a remarkable increase. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Textile Tubing Production in Latvia

In value terms, textile tubing production shrank to $X in 2022 estimated in export price. In general, production, however, continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of 971% against the previous year. Textile tubing production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Textile Tubing Exports

Exports from Latvia

For the third year in a row, Latvia recorded growth in shipments abroad of textile hosepiping and similar textile tubing, which increased by 12% to X tons in 2022. Over the period under review, exports recorded a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 2,724%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, textile tubing exports skyrocketed to $X in 2022. Overall, exports showed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 1,902% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Sweden (X tons) was the main destination for textile tubing exports from Latvia, with a 90% share of total exports. Moreover, textile tubing exports to Sweden exceeded the volume sent to the second major destination, Denmark (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Sweden totaled +2,681.3%.

In value terms, Sweden ($X) remains the key foreign market for textile hosepiping and similar textile tubing exports from Latvia, comprising 85% of total exports. The second position in the ranking was held by Denmark ($X), with an 8.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Sweden stood at +2,808.4%.

Export Prices by Country

In 2022, the average textile tubing export price amounted to $X per ton, with an increase of 4.9% against the previous year. Overall, the export price, however, continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2013 an increase of 216% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Sweden amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+4.6%).

Textile Tubing Imports

Imports into Latvia

In 2022, approx. X tons of textile hosepiping and similar textile tubing were imported into Latvia; picking up by 48% compared with the previous year's figure. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 231%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, textile tubing imports skyrocketed to $X in 2022. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 189%. 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

The Netherlands (X tons), Poland (X tons) and Italy (X tons) were the main suppliers of textile tubing imports to Latvia, together comprising 80% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +44.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Poland ($X) and Germany ($X) appeared to be the largest textile tubing suppliers to Latvia, together comprising 73% of total imports.

The Netherlands, with a CAGR of +63.5%, saw 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 textile tubing import price amounted to $X per ton, which is down by -10.7% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 85%. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat 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 Slovakia ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+68.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform