Latvia: Market for Woven Pile Fabrics And Chenille Fabrics 2019

Market Size for Woven Pile Fabrics And Chenille Fabrics in Latvia

The revenue of the pile and chenille fabric market in Latvia amounted to $X in 2018, declining by -X% against the previous year. Over the period under review, pile and chenille fabric consumption continues to indicate a precipitous curtailment. The growth pace was the most rapid in 2018 with a decrease of -X% y-o-y. Latvia pile and chenille fabric consumption peaked at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Production of Woven Pile Fabrics And Chenille Fabrics in Latvia

In value terms, pile and chenille fabric production totaled $X in 2018 estimated in export prices. In general, pile and chenille fabric production continues to indicate skyrocketing growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, pile and chenille fabric production attained its peak figure level in 2018 and is likely to continue its growth in the near future.

Exports of Woven Pile Fabrics And Chenille Fabrics

Exports from Latvia

In 2018, the pile and chenille fabric exports from Latvia totaled X tons, surging by X% against the previous year. Over the period under review, pile and chenille fabric exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Over the period under review, pile and chenille fabric exports attained their maximum in 2018 and are expected to retain its growth in the near future.

In value terms, pile and chenille fabric exports totaled $X in 2018. Over the period under review, pile and chenille fabric exports continue to indicate a deep decline. The pace of growth was the most pronounced in 2017 when exports increased by X% year-to-year. Over the period under review, pile and chenille fabric exports reached their maximum at $X in 2007; however, from 2008 to 2018, exports remained at a lower figure.

Exports by Country

China prevails in pile and chenille fabric exports structure, recording X tons, which was near X% of total exports in 2018. Turkey (X tons) ranks second in terms of the total exports with a X% share, followed by Germany (X%). The following exporters - Belgium (X tons), Spain (X tons), the UK (X tons), South Korea (X tons), Portugal (X tons) and Italy (X tons) - together made up X% of total exports.

From 2007 to 2018, average annual rates of growth with regard to pile and chenille fabric exports from China stood at +X%. At the same time, the UK (+X%), Germany (+X%) and Spain (+X%) displayed positive paces of growth. Moreover, the UK emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. South Korea experienced a relatively flat trend pattern. By contrast, Belgium (-X%), Turkey (-X%), Italy (-X%) and Portugal (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China increased by +X% percentage points, while Italy (-X p.p.), Portugal (-X p.p.), Belgium (-X p.p.) and Turkey (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest pile and chenille fabric supplier from Latvia, comprising X% of global exports. The second position in the ranking was occupied by Turkey ($X), with a X% share of global exports. It was followed by South Korea, with a X% share.

From 2007 to 2018, the average annual growth rate of value in China amounted to -X%. In the other countries, the average annual rates were as follows: Turkey (-X% per year) and South Korea (+X% per year).

Export Prices by Country

The pile and chenille fabric export price in Latvia stood at $X per ton in 2018, going down by -X% against the previous year. Overall, the pile and chenille fabric export price continues to indicate a dramatic shrinkage. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the export prices for woven pile fabrics and chenille fabrics attained their maximum at $X per ton in 2007; however, from 2008 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was South Korea ($X per ton), while Portugal ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by South Korea, while the other leaders experienced more modest paces of growth.

Imports of Woven Pile Fabrics And Chenille Fabrics

Imports into Latvia

In 2018, the amount of woven pile fabrics and chenille fabrics imported into Latvia totaled X tons, falling by -X% against the previous year. Over the period under review, pile and chenille fabric imports continue to indicate a dramatic downturn. The pace of growth was the most pronounced in 2010 when imports decreased by -X% y-o-y. Latvia imports peaked at X tons in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, pile and chenille fabric imports totaled $X in 2018. In general, pile and chenille fabric imports continue to indicate a dramatic downturn. The pace of growth appeared the most rapid in 2011 with a decrease of -X% against the previous year. Over the period under review, pile and chenille fabric imports attained their maximum at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

The countries with the highest levels of pile and chenille fabric imports in 2018 were the United Arab Emirates (X tons), the U.S. (X tons), the UK (X tons), Iran (X tons), Poland (X tons), Russia (X tons), the Czech Republic (X tons), Bangladesh (X tons), Saudi Arabia (X tons), Germany (X tons), China, Hong Kong SAR (X tons) and Morocco (X tons), together accounting for X% of total import.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Iran, while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), the UK ($X) and the U.S. ($X) were the countries with the highest levels of imports in 2018, together accounting for X% of total imports. Poland, the Czech Republic, Germany, Bangladesh, Iran, Saudi Arabia, Russia, China, Hong Kong SAR, Morocco and Latvia lagged somewhat behind, together comprising a further X the main importing countries, the Czech Republic experienced the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the pile and chenille fabric import price in Latvia amounted to $X per ton, growing by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2018 an increase of X% year-to-year. In that year, the import prices for woven pile fabrics and chenille fabrics attained their peak level and is likely to continue its growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Germany ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Czech Republic, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform