Latvia: Yarn Market 2020

Yarn Market Size in Latvia

The revenue of the yarn market in Latvia amounted to $X in 2018, surging by X% against the previous year. Overall, yarn consumption, however, continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Latvia yarn consumption peaked at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Yarn Production in Latvia

In value terms, yarn production amounted to $X in 2018 estimated in export prices. Overall, yarn production continues to indicate a moderate decline. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Latvia yarn production peaked at $X in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.

Yarn Exports

Exports from Latvia

Yarn exports from Latvia totaled X tons in 2018, dropping by -X% against the previous year. Over the period under review, yarn exports continue to indicate a significant shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Latvia exports peaked at X tons in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, yarn exports amounted to $X in 2018. Overall, yarn exports continue to indicate a moderate downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Latvia exports peaked at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

In 2018, China (X tons), distantly followed by India (X tons), Turkey (X tons), the Czech Republic (X tons) and Italy (X tons) were the main exporters of yarn of man-made filaments, together creating X% of total exports. Taiwan, Chinese (X tons), the U.S. (X tons), Japan (X tons), South Korea (X tons), Saudi Arabia (X tons), Indonesia (X tons) and China, Hong Kong SAR (X tons) followed a long way behind the leaders.

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

In value terms, China ($X) remains the largest yarn supplier from Latvia, comprising X% of global exports. The second position in the ranking was occupied by India ($X), with a X% share of global exports. It was followed by Japan, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in China stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: India (+X% per year) and Japan (+X% per year).

Export Prices by Country

In 2018, the yarn export price in Latvia amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the yarn export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. Over the period under review, the export prices for yarn of man-made filaments attained their peak figure at $X per ton in 2014; however, from 2015 to 2018, export prices remained at a lower figure.

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

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

Yarn Imports

Imports into Latvia

Yarn imports into Latvia amounted to X tons in 2018, growing by X% against the previous year. Over the period under review, yarn imports continue to indicate a strong increase. The growth pace was the most rapid in 2011 when imports increased by X% against the previous year. Over the period under review, yarn imports reached their peak figure at X tons in 2016; however, from 2017 to 2018, imports failed to regain their momentum.

In value terms, yarn imports totaled $X in 2018. In general, the total imports indicated a strong expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, yarn imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. Over the period under review, yarn imports reached their maximum in 2018 and are likely to see steady growth in the near future.

Imports by Country

The imports of the six major importers of yarn of man-made filaments, namely Turkey, Belgium, the UK, Vietnam, the Netherlands and China, represented more than third of total import. Germany (X tons), Egypt (X tons), the U.S. (X tons), India (X tons), China, Hong Kong SAR (X tons) and Thailand (X tons) held a relatively small share of total imports.

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

In value terms, China ($X), Turkey ($X) and India ($X) were the countries with the highest levels of imports in 2018, together comprising X% of total imports. These countries were followed by the U.S., Vietnam, Germany, the UK, Belgium, the Netherlands, China, Hong Kong SAR, Egypt, Thailand and Latvia, which together accounted for a further X the main importing countries, Egypt 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

The yarn import price in Latvia stood at $X per ton in 2018, picking up by X% against the previous year. Over the period under review, the yarn import price, however, continues to indicate a slight slump. The most prominent rate of growth was recorded in 2010 when the import price increased by X% y-o-y. Latvia import price peaked at $X per ton in 2007; however, from 2008 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was India ($X per ton), while Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform