Price for Flax, Raw or Retted in Latvia - 2023
Contents:
- Price for Flax, Raw or Retted in Latvia (CIF) - 2022
- Price for Flax, Raw or Retted in Latvia (FOB) - 2022
- Imports of Flax, Raw or Retted in Latvia
- Exports of Flax, Raw or Retted in Latvia
Price for Flax, Raw or Retted in Latvia (CIF) - 2022
The average flax, raw or retted import price stood at $9,053 per ton in 2022, waning by -7.2% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, flax, raw or retted import price increased by +91.6% against 2019 indices. The pace of growth appeared the most rapid in 2020 an increase of 71% against the previous year. The import price peaked at $9,753 per ton in 2021, and then contracted in the following year.
As there is only one major supplying country, the average price level is determined by prices for Germany.
From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +5.5% per year.
Price for Flax, Raw or Retted in Latvia (FOB) - 2022
In 2022, the average flax, raw or retted export price amounted to $6,130 per ton, which is down by -29.3% against the previous year. Overall, the export price, however, showed a strong expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 178% against the previous year. As a result, the export price attained the peak level of $8,667 per ton, and then dropped sharply in the following year.
As there is only one major export destination, the average price level is determined by prices for Lithuania.
From 2012 to 2022, the rate of growth in terms of prices for France amounted to +17.6% per year.
Imports of Flax, Raw or Retted in Latvia
For the third consecutive year, Latvia recorded decline in overseas purchases of flax, raw or retted, which decreased by -1.3% to 76 kg in 2022. Overall, imports faced a dramatic descent.
In value terms, flax, raw or retted imports reduced to $688 in 2022. Over the period under review, imports saw a sharp curtailment. The growth pace was the most rapid in 2021 with an increase of 5.3% against the previous year.
| Import of Flax, Raw or Retted in Latvia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 652 | 713 | 751 | 688 | 1.8% |
| Estonia | 1,309 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,961 | 713 | 751 | 688 | -29.5% |
Top Suppliers of Flax, Raw or Retted to Latvia in 2022:
- Germany (76.0 kg)
Exports of Flax, Raw or Retted in Latvia
Flax, raw or retted exports from Latvia skyrocketed to 23 kg in 2022, jumping by 92% against 2021 figures. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 230,544%. As a result, the exports reached the peak of 21 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, flax, raw or retted exports surged to $141 in 2022. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 134,638% against the previous year. As a result, the exports attained the peak of $65K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Flax, Raw or Retted in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| France | N/A | 64.6 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | N/A | 64.7 | 0.1 | 0.1 | -96.1% |
Top Export Markets for Flax, Raw or Retted from Latvia in 2022:
- Lithuania (23.0 kg)
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