Belarus: Woolen Fabric Market 2024

Woolen Fabric Market Size in Belarus

The Belarusian woolen fabric market shrank to $X in 2023, which is down by X% against the previous year. In general, consumption saw a noticeable shrinkage. As a result, consumption attained the peak level of $X. From 2014 to 2023, the growth of the market remained at a lower figure.

Woolen Fabric Production in Belarus

In value terms, woolen fabric production shrank to $X in 2023 estimated in export price. Overall, production showed a abrupt descent. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2023, production growth failed to regain momentum.

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Woolen Fabric Exports

Exports from Belarus

In 2023, overseas shipments of woven woolen fabrics were finally on the rise to reach X square meters for the first time since 2019, thus ending a three-year declining trend. Over the period under review, exports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X square meters in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, woolen fabric exports skyrocketed to $X in 2023. Overall, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X square meters) was the main destination for woolen fabric exports from Belarus, accounting for a X% share of total exports. Moreover, woolen fabric exports to Russia exceeded the volume sent to the second major destination, Ukraine (X square meters), more than tenfold.

From 2012 to 2023, the average annual rate of growth in terms of volume to Russia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (X% per year) and Armenia (X% per year).

In value terms, Russia ($X) remains the key foreign market for woven woolen fabrics exports from Belarus, comprising X% of total exports. The second position in the ranking was held by Ukraine ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (X% per year) and Armenia (X% per year).

Export Prices by Country

The average woolen fabric export price stood at $X per square meter in 2023, declining by X% against the previous year. Over the period under review, the export price recorded a drastic downturn. The growth pace was the most rapid in 2013 when the average export price increased by X%. As a result, the export price reached the peak level of $X per square meter. From 2014 to 2023, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Ukraine ($X per square meter), while the average price for exports to Russia ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Armenia (X%), while the prices for the other major destinations experienced a decline.

Woolen Fabric Imports

Imports into Belarus

In 2023, supplies from abroad of woven woolen fabrics was finally on the rise to reach X square meters for the first time since 2018, thus ending a four-year declining trend. Overall, imports, however, saw a deep setback. Over the period under review, imports reached the maximum at X square meters in 2013; however, from 2014 to 2023, imports remained at a lower figure.

In value terms, woolen fabric imports skyrocketed to $X in 2023. Over the period under review, imports, however, continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Imports peaked at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Russia (X square meters), Italy (X square meters) and China (X square meters) were the main suppliers of woolen fabric imports to Belarus, together comprising X% of total imports. Poland, Ukraine, France and Turkey lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Italy ($X), Russia ($X) and China ($X) appeared to be the largest woolen fabric suppliers to Belarus, with a combined X% share of total imports.

Among the main suppliers, China, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average woolen fabric import price stood at $X per square meter in 2023, with a decrease of X% against the previous year. Over the period under review, the import price showed a pronounced decrease. The most prominent rate of growth was recorded in 2022 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per square meter, and then shrank sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per square meter), while the price for Poland ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ukraine (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform