Price for Furskins; Raw, of Mink, Whole, with or Without Head, Tail or Paws in Latvia - 2023

Contents:

1. Price for Furskins; Raw, of Mink, Whole, with or Without Head, Tail or Paws in Latvia (FOB) - 2022
2. Price for Furskins; Raw, of Mink, Whole, with or Without Head, Tail or Paws in Latvia (CIF) - 2022
3. Exports of Furskins; Raw, of Mink, Whole, with or Without Head, Tail or Paws in Latvia
4. Imports of Furskins; Raw, of Mink, Whole, with or Without Head, Tail or Paws in Latvia

Price for Furskins; Raw, of Mink, Whole, with or Without Head, Tail or Paws in Latvia (FOB) - 2022

In 2022, the average export price for furskins; raw, of mink, whole, with or without head, tail or pawses amounted to $36,970 per ton, reducing by -10.3% against the previous year. Overall, the export price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2013 an increase of 61% against the previous year. As a result, the export price attained the peak level of $232,918 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($202,676 per ton), while the average price for exports to Poland ($33,991 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 Denmark (+10.7%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Furskins; Raw, of Mink, Whole, with or Without Head, Tail or Paws in Latvia (CIF) - 2022

In 2022, the average import price for furskins; raw, of mink, whole, with or without head, tail or pawses amounted to $35,542 per ton, reducing by -34.9% against the previous year. Overall, the import price saw a deep slump. The pace of growth appeared the most rapid in 2018 an increase of 233%. The import price peaked at $399,452 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Poland.

From 2012 to 2022, the rate of growth in terms of prices for Lithuania amounted to +3.2% per year.

Exports of Furskins; Raw, of Mink, Whole, with or Without Head, Tail or Paws in Latvia

After three years of growth, overseas shipments of furskins; raw, of mink, whole, with or without head, tail or pawses decreased by -52.6% to 174 tons in 2022. Overall, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 188%. As a result, the exports reached the peak of 367 tons, and then dropped rapidly in the following year.

In value terms, exports of furskins; raw, of mink, whole, with or without head, tail or pawses declined markedly to $6.4M in 2022. Over the period under review, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 284%. As a result, the exports attained the peak of $15M, and then shrank sharply in the following year.

Top Export Markets for Furskins; Raw, of Mink, Whole, with or Without Head, Tail or Paws from Latvia in 2022:

1. Poland (168.0 tons)
2. Hong Kong SAR (3.5 tons)
3. Finland (0.5 tons)
4. Denmark (0.1 tons)

Imports of Furskins; Raw, of Mink, Whole, with or Without Head, Tail or Paws in Latvia

Imports of furskins; raw, of mink, whole, with or without head, tail or pawses into Latvia soared to 16 tons in 2022, growing by 85% on 2021 figures. In general, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of furskins; raw, of mink, whole, with or without head, tail or pawses skyrocketed to $586K in 2022. Over the period under review, imports, however, recorded a precipitous decline.

Top Suppliers of Furskins; Raw, of Mink, Whole, with or Without Head, Tail or Paws to Latvia in 2022:

1. Poland (16.5 tons)

Source: IndexBox Market Intelligence Platform