Report Update: May 1, 2024

Russian Federation - Artificial Fur - Market Analysis, Forecast, Size, Trends And Insights

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Artificial Fur Price in Russia - 2022

Artificial Fur Price in Russia (CIF) - 2022

The average artificial fur import price stood at $6,461 per ton in January 2022, with an increase of 13% against the previous month. Overall, the import price enjoyed a temperate increase. The pace of growth was the most pronounced in February 2021 when the average import price increased by 157% against the previous month. The import price peaked at $15,559 per ton in July 2021; however, from August 2021 to January 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In January 2022, the country with the highest price was Kyrgyzstan ($27,985 per ton), while the price for Belarus ($1,907 per ton) was amongst the lowest.

From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+10.4%), while the prices for the other major suppliers experienced a decline.

Artificial Fur Price in Russia (FOB) - 2022

In 2022, the average artificial fur export price amounted to $10,083 per ton, which is down by -4% against the previous year. In general, the export price showed a slight descent. The most prominent rate of growth was recorded in 2019 when the average export price increased by 50% against the previous year. The export price peaked at $12,799 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Armenia ($58,747 per ton), while the average price for exports to Kazakhstan ($6,773 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 Armenia (+22.5%), while the prices for the other major destinations experienced mixed trend patterns.

Artificial Fur Imports in Russia

Artificial fur imports into Russia contracted dramatically to 556 tons in 2022, with a decrease of -30.8% compared with 2021 figures. Overall, imports, however, posted temperate growth. The pace of growth appeared the most rapid in 2021 when imports increased by 160% against the previous year. As a result, imports attained the peak of 804 tons, and then contracted sharply in the following year.

In value terms, artificial fur imports dropped notably to $3.8M in 2022. Over the period under review, imports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2021 when imports increased by 142%. As a result, imports attained the peak of $5.4M, and then contracted dramatically in the following year.

Import of Artificial Fur in Russia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	3.7	1.6	3.6	2.4	-13.4%
Kyrgyzstan	N/A	N/A	N/A	1.1	0%
Belarus	0.4	0.4	0.9	0.3	-9.1%
Others	0.6	0.2	0.9	0.1	-45.0%
Total	4.7	2.2	5.4	3.8	-6.8%

Top Suppliers of Artificial Fur to Russia in 2022:

China (368.3 tons)
Belarus (149.8 tons)
Kyrgyzstan (36.4 tons)

Artificial Fur Exports in Russia

In 2022, shipments abroad of artificial fur decreased by -4.3% to 86 tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +4.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 9.8%.

In value terms, artificial fur exports declined to $867K in 2022. The total export value increased at an average annual rate of +4.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 19%. As a result, the exports reached the peak of $944K, and then contracted in the following year.

Export of Artificial Fur in Russia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Belarus	541	531	550	512	-1.8%
Kazakhstan	117	171	248	264	31.2%
Armenia	5.4	7.5	26.4	80.4	146.0%
Ukraine	42.0	65.3	57.0	6.0	-47.7%
Others	53.6	16.4	61.9	4.7	-55.6%
Total	759	791	944	867	4.5%

Top Export Markets for Artificial Fur from Russia in 2022:

Belarus (44.0 tons)
Kazakhstan (39.0 tons)
Armenia (1.4 tons)
Ukraine (0.8 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the artificial fur market in the Russian Federation. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 13911920 - Artificial fur and articles thereof

Country coverage:

Russia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Russian Federation
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023